law on commercial arbitration of vietnam

8/9/2019 Law on Commercial Arbitration of Vietnam

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LAW

ON

COMMERCIAL ARBITRATION

(17 June 2010)

TABLE OF CONTENTSCHAPTER 1.......................................................................................................................4

General Provisions.............................................................................................................4

Article 1 Governing scope...................................................................................................4Article 2 Competence of arbitration to resolve disputes.....................................................4

Article 3 Interpretation of terms..........................................................................................4

Article 4 Principles for dispute resolution by arbitration....................................................5

Article 5 Conditions for dispute resolution by arbitration...................................................5Article Court refusal to accept !urisdiction if t"ere is an arbitration agreement..............

Article # $etermining %"ic" court "as competence over arbitration activities....... .........

Article & $etermining %"ic" enforcement agency "as competence to enforce arbitral

a%ards and interim relief decisions of arbitration tribunals................................................#Article ' (egotiation and conciliation during arbitration proceedings...............................#

Article 1) *anguage............................................................................................................#Article 11 *ocation for dispute resolution by arbitration....................................................#

Article 12 +ervice of notices and order for service of notices.............................................&

Article 13 *oss of rig"t ob!ect.............................................................................................&Article 14 Applicable la% in dispute resolution..................................................................&

Article 15 +tate administration of arbitration......................................................................'

CHAPTER 2.......................................................................................................................9

Arbitration Agreements......................................................................................................9

Article 1 ,orm of arbitration agreements..........................................................................'

Article 1# -ig"t of consumers to select dispute resolution met"od....................................'Article 1& oid arbitration agreements..............................................................................1)Article 1' Independence of arbitration agreement............................................................1)

CHAPTER 3.....................................................................................................................10

Arbitrators.........................................................................................................................10

Article 2) /ualifications of arbitrators..............................................................................1)

Article 21 -ig"ts and obligations of arbitrators.................................................................11

Article 22 Arbitrators0 Association....................................................................................11

CHAPTER 4.....................................................................................................................11

Arbitration Centers...........................................................................................................11

Article 23 ,unctions of an arbitration centre.....................................................................11

Article 24 Conditions and procedures for establis"ment of an arbitration centre.............11Article 25 -egistration of operation of an arbitration center.............................................12

Article 2 Announcement of establis"ment of an arbitration centre.................................12

Article 2# *egal entity status and structure of arbitration centres.....................................12Article 2& -ig"ts and obligations of arbitration centres....................................................12

Article 2' ermination of operation of an arbitration centre.............................................13

CHAPTER .....................................................................................................................13

Proceedings.......................................................................................................................13

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Article 3) +tatement of claim and accompanying materials.............................................13

Article 31 ime of commencement of arbitration proceedings.........................................13

Article 32 (otification of statement of claim....................................................................14Article 33 *imitation period for initiating proceedings for dispute resolution by

arbitration...........................................................................................................................14

Article 34 Arbitration fees.................................................................................................14Article 35 $efence and service of t"e defence..................................................................14

Article 3 Counterclaim by respondent.............................................................................15

Article 3# it"dra% of statement of claim or counterclaim amendment or addition tostatement of claim counterclaim or defences....................................................................15

Article 3& (egotiation during arbitration proceedings......................................................15

CHAPTER !.....................................................................................................................1

Arbitration Tribunal.........................................................................................................15

Article 3' Compositon of arbitration tribunal...................................................................1

Article 4) stablis"ment of arbitration tribunal at arbitration centre................................1

Article 41 stablis"ment of ad "oc arbitration tribunal.....................................................1

Article 42 -eplacement of arbitrators................................................................................1#Article 43 Consideration %"et"er......................................................................................1&

an arbitration is void or incapble of being performed and %"et"er t"e arbitration tribunal"as !urisdiction...................................................................................................................1&

Article 44 Petion and resolution of petition against decision of arbitration tribunal

concerning %"et"er t"e arbitration agreement e6ists t"e arbitration agreement is void t"earbitration agreement is incapable of being performed and %"et"er t"e arbitration tribunal

"as !urisdiction...................................................................................................................1'

Article 45 7urisdiction of t"e arbitration tribunal to verify t"e facts.................................1'

Article 4 7urisdiction of t"e arbitration tribunal to collect evidence...............................1'

CHAPTER 7.....................................................................................................................20

Interim Relie....................................................................................................................!0

Article 4& -ig"t to re8uest application of interim relief....................................................21Article 4' 7urisdiction of arbitration tribunal to order interim relief.................................21

Article 5) Procedures for arbitration tribunal to oder interim relief................................21

Article 51 Aut"ority and procedures for amending supplementing or rescindingin!unctions..........................................................................................................................22

Article 52 -esponsibility of applicant for interim relief...................................................22

Article 53 Aut"ority order and procedures for t"e court to grant c"ange or rescind

in!unctions..........................................................................................................................22

CHAPTER ".....................................................................................................................23

"is#ute Resolution $essions.............................................................................................!3

Article 54 Preparation for dispute resolution session........................................................23Article 55 Composition of and procedures for dispute resolution sessions.......................23

Article 5 Absence of t"e parties.......................................................................................23

Article 5# Ad!ournment of a dispute resolution session....................................................24Article 5& Conciliation during t"e dispute resolution process...........................................24

Article 5' +tay of dispute resolution.................................................................................24

CHAPTER 9.....................................................................................................................2

Arbitral A%ards.................................................................................................................!5

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Article ) Principles for issuance of a%ard.......................................................................25

Article 1 Contents form and validity of arbitral a%ard...................................................25

Article 2 -egistration of ad "oc arbitration a%ard..........................................................25Article 3 -ectification and e6planation of arbitral a%ard supplementary a%ards..........2

Article 4 Arc"iving files.................................................................................................2#

CHAPTER 10...................................................................................................................27&norcement o Arbitral A%ards......................................................................................!'

Article 5 oluntary carrying out of arbitral a%ard...........................................................2#

Article -ig"t to apply for enforcement of arbitral a%ard.............................................2#Article # nforcement of arbitral a%ard..........................................................................2#

CHAPTER 11...................................................................................................................27

$etting Aside Arbitral A%ards..........................................................................................!'

Article & Grounds for setting aside arbitral a%ard...........................................................2#Article ' -ig"t to petition for arbitral a%ard to be set aside...........................................2&

Article #) Petition re8uesting arbitral a%ard be set aside.................................................2&

Article #1 9earing by court of petition re8uesting arbitral a%ard be set aside.................2&

Article #2. Court fees regarding arbitration......................................................................2'CHAPTER 12...................................................................................................................29(rgani)ation and (#eration o *oreign Arbitration in +ietnam...................................!9

Article #3 Conditions for foreign arbitration institutions to operate in ietnam...............3)

Article #4 :perational forms of foreign arbitration institutions in ietnam.....................3)

Article #5 ;ranc"es...........................................................................................................3)Article # -ig"ts and obligations of branc" of foreign arbitration institution in ietnam3)

Article ## -epresentative office........................................................................................31

Article #& -ig"ts and obligations of representative office of a foreign arbitration

institution in ietnam.........................................................................................................31Article #' :peration of branc"es and representative offices of foreign arbitration

institutions in ietnam.......................................................................................................31

CHAPTER 13...................................................................................................................31

Im#lementing Provisions..................................................................................................31

Article &) Application of t"is *a% to arbitration centres establis"ed prior to effective date

of t"is *a%.........................................................................................................................32Article &1 ffectiveness.....................................................................................................32

Article &2 $etailed regulations and guidelines on implementation...................................32

(AI:(A* A++;*IC :, I(A/'#n#$%&n &, #*%$#' #:#= u//'een$#+

#:#1. A party may %it"in t"irty F3) days from t"e date of receipt of an arbitral a%ard

unless t"e parties "ave some ot"er agreement about t"is time@limit re8uest t"e arbitrationtribunal to rectify obvious errors in spelling or figures caused by a mistaEe or incorrectcomputation in t"e arbitral a%ard and must immediately notify t"e ot"er party of suc"

re8uestD. If t"e arbitration tribunal considers t"e re8uest legitimate it s"all maEe t"e

rectification %it"in t"irty F3) days from t"e date of receipt of t"e re8uest.2. A party may %it"in t"irty F3) days from t"e date of receipt of an arbitral a%ard

unless t"e parties "ave some ot"er agreement about t"is time@limit re8uest t"e arbitration

tribunal to e6plain specific points or items in t"e arbitral a%ard and must immediatelynotify t"e ot"er party of suc" re8uest. If t"e arbitration tribunal considers suc" re8uest

legitimate it s"all provide an e6planation %it"in a time@limit or t"irty F3) days from t"e

date of receipt of t"e re8uest. "e e6planation provided s"all form a part of t"e a%ard.

3. "e arbitration tribunal may on its o%n initiative %it"in t"irty F3) days from t"edate of issuance of t"e arbitral a%ard rectify any of t"e errors prescribed in clause 1 of

t"is article and immediately notify t"e parties.

4. If t"e parties do not "ave some ot"er agreementt"en %it"in t"irty F3) days fromt"e date of receipt of an arbitral a%ard a party may re8uest t"e arbitration tribunal to

issue a supplementary a%ard %it" matters raised during t"e process of t"e proceedings

but not yet recorded in t"e a%ard and must immediately notify t"e ot"er party of suc"

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re8uest. If t"e arbitration tribunal considers suc" re8uest legitimate it s"all issue a

supplementary a%ard %it"in forty@five F45 days from t"e date of receipt of t"e re8uest.

5. In necessary cases t"e arbitration tribunal may e6tend t"e time@limitsD forrectification e6planation or issuance of a supplementary a%ard prescribed in clauses 1 2

and 4 of t"is article.

A$%'e !4 A-%6%n ,%'e1. An arbitration centre s"all be responsible to arc"ive files on disputes over %"ic" it

"as accepted !urisdiction. ,iles on disputes resolved by ad "oc arbitration s"all bearc"ived by t"e parties or by t"e arbitratorHs.

2. Arbitration files s"all be arc"ived for a period of five years as from t"e date of

issuance of t"e arbitral a%ard or decision staying dispute resolution by arbitration.

CHAPTER 10

En,&een$ &, A*%$#' A:#A$%'e ! &'un$#+ #+%n &u$ &, #*%$#' #:#

"e +tate encourages t"e parties to voluntarily carry out arbitral a%ards.

A$%'e !! R%-$ $& #//'+ ,& en,&een$ &, #*%$#' #:#1. If only e6piry of t"e time@limit for carrying out an arbitral a%ard t"e a%ard debtor

"as not voluntarily carried out t"e a%ard and "as not re8uested t"at t"e a%ard be set asidepursuant to article ' of t"is *a% t"e a%ard creditor s"all "ave t"e rig"t to re8uest t"e

competent civil !udgment enforcement agency to enforce suc" a%ard.

2. In t"e case of an ad "oc arbitral a%ard t"e a%ard creditor s"all "ave t"e rig"t to

apply to t"e competent civil !udgement enforcement agency re8uesting enforcement oft"e arbitral a%ard after suc" a%ard "as been registered in accordance %it" article 2 of

t"is *a%

A$%'e !7 En,&een$ &, #*%$#' #:#Arbitral a%ards s"all be enforced in accordance %it" t"e la% on enforcement of civil

!udgments.

CHAPTER 11

Se$$%n A%e A*%$#' A:#A$%'e !" 5&un ,& e$$%n #%e #*%$#' #:#1. "e court s"all "ear an application forD setting aside an arbitral a%ard on receipt of

a petition from one of t"e parties.

2. An arbitral a%ard %"ic" falls %it"in any one of t"e follo%ing cases s"all be setaside?

Fa "ere %as no arbitration agreement or t"e arbitration agreement is void

Fb "e composition of t"e arbitration tribunal %as orD t"e arbitration proceedings%ere inconsistent %it" t"e agreement of t"e parties or contrary to t"e provisions of t"is

*a%.

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Fc "e dispute %as not %it"in t"e !urisdiction of t"e arbitration tribunal %"ere an

a%ard contains an item %"ic" falls outside t"e !urisdiction of t"e arbitration tribunal suc"

item s"all be set aside.Fd "e evidence supplied by t"e parties on %"ic" t"e arbitration tribunal relied to issue

t"e a%ard %as forged orD an arbitrator received money assets or some material benefit

from one of t"e parties in dispute %"ic" affected t"e ob!ectivity and impartiality or t"earbitral a%ard.

Fdd "e arbitral a%ard is contrary to t"e fundamental principles of t"e la% of

ietnam3. "en t"e court "ears a petition to set aside an arbitral a%ard burden of proof s"all

be regulated as follo%s?

Fa Any petitioner relying on t"e groundsD prescribed in sub@clauses Fa Fb Fc or Fd

of clause 2 of t"is article s"all "ave t"e burden of proving t"at t"e arbitration tribunalissued t"e arbitral a%ard in one of suc" prescribed cases

Fb In t"e case of a petition to set aside an arbitral a%ard relying on t"e groundsD

prescribed in sub@clause Fe of clause 2 of t"is article t"e court s"all "ave t"e

responsibility to itself collect and verify evidence in order to decide to set aside or not setaside t"e arbitral a%ard.

A$%'e !9 R%-$ $& /e$%$%&n ,& #*%$#' #:# $& *e e$ #%e1. A party %it" sufficient evidence proving t"at t"e arbitration tribunal issued t"e

arbitral a%ard in any of t"e cases prescribed in article &.2 on t"is *a% s"all "ave t"erig"t %it"in t"irty F3) days from t"e date of receipt of suc" a%ard to lodge a petition

%it" t"e competent court to set aside t"e arbitral a%ard. A petition re8uesting an arbitral

a%ard be set aside must be accompanied by materials and evidence proving t"at suc"petition "as sufficientD grounds and is la%ful.

2. If a petition is lodged out of time due to an event of force ma!eure t"en t"e duration

of suc" event s"all not be included %"en calculating t"e time@limit for re8uesting t"earbitral a%ard be set aside.

A$%'e 70 Pe$%$%&n e?ue$%n #*%$#' #:# *e e$ #%e1. A petition re8uesting an arbitral a%ard to be set aside must contain t"e follo%ingmain particulars?

Fa $ate on %"ic" t"e petition is made

Fb (ame and address of t"e petitionerFc -elief soug"t and grounds for setting aside t"e arbitral a%ard.

2. "e follo%ing documents must accompany t"e petition?

Fa :riginal or validly certified copy of t"e arbitral a%ard

Fb :riginal or validly certified copy of t"e arbitration agreement.$ocuments accompanying a petition in a foreign language must be translated into

ietnamese and t"e translations must be validly certified.

A$%'e 71 He#%n *+ &u$ &, /e$%$%&n e?ue$%n #*%$#' #:# *e e$ #%e1. "e competent court s"all after it accepts !urisdiction of a petition re8uesting an

arbitral a%ard to be set aside immediately notify t"e arbitration centre or t"e arbitratorHsin an ad "oc arbitration t"e parties in dispute and t"e same level procuracy.

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2. "e c"ief !udge s"all %it"in seven F# business days from t"e date of %"ic"

!urisdiction is accepted assign a council of t"ree !udges including one !udge to act as

c"airman of t"e council assigned by t"e c"ief !udge to "ear t"e petition."e council of !udges must commence a session to "ear t"e petition to set aside t"e

arbitral a%ard %it"in t"irty F3) days from t"e date of being assigned. "e court must

seven F# business days prior to t"e date of opening t"e session transfer t"e file to t"eprocuracy for it to revie% and participate in t"e session "earing t"e petition. >pon t"e

e6piry of suc" time@limit t"e procuracy must return t"e file to t"e court in order for t"e

court to open t"e session "earing t"e petition.3. "e session must be conducted in t"e presence of t"e parties in dispute and t"eir

la%yers Fif any and a prosecutor of t"e same level procuracy. If eit"er of t"e parties

re8uests t"e council of !udges to "ear t"e petition in "is or "er absence or if after being

validly summonsed a party is absent %it"out a legitimate reason or leaves t"e session%it"out t"e consent of t"e council of !udges t"en t"e council of !udges s"all continue

"earing t"e petition to set aside t"e arbitral a%ard.

4. "en "earing t"e petition t"e council of !udges s"all rely on t"e provisions in

article & of t"is *a% and t"e materials accompanying t"e petition in order to reac" itsdecision and s"all not revie% t"e merits of t"e dispute %"ic" t"e arbitration tribunal

already resolved. "e council of !udges s"all after considering t"e petition andaccompanying materials after "earing %itnesses if any %"o "ave been summoned and

after "earing t"e procurator provide t"e opinion of t"e procuracy discuss and reac" a

ma!ority decision.5. "e council of !udges "earing t"e petition s"all "ave t"e rig"t to issue a decision

setting aside or not setting aside t"e arbitral a%ard. If t"e petitioner %it"dra%s t"e

petition or if after being validly summonsed fails to attend t"e session %it"out a

legitimate reason or leaves t"e session %it"out t"e consent of t"e council of !udges t"ent"e council of !udges s"all issue a decision staying t"e application

. "e court s"all %it"in five F5 business days from t"e date of issuing its decision

send t"e decision to t"e parties to t"e arbitration centre or to t"e arbitratorHs of an ad "ocarbitration and to t"e same procuracy .

#. "e council of !udges may at t"e re8uest of a party and if t"e council considers it

appropriate ad!oum a petition to set aside an arbitral a%ard for a period not to e6ceedsi6ty F) days in order to facilitate t"e arbitration tribunal in rectifying %"at in t"e

opinion of t"e arbitration tribunal %ere errors in t"e arbitration proceedings t"ereby

removing t"e grounds for setting aside t"e arbitral a%ard. "e arbitration tribunal must

notify t"e court %"en it "as rectified errors in t"e arbitration proceedings. If t"earbitration tribunal does not rectify errors in t"e proceedings t"en t"e council of !udges

s"all continue to "ear t"e petition to set aside t"e a%ard.

&. In a case %"ere t"e council of !udges issues a decision to set aside t"e arbitrala%ard t"e parties may reac" a fres" agreement to bring t"eir dispute before arbitration or

any one party s"all "ave t"e rig"t to institute court proceedings. If t"e council of !udges

does not set aside t"e arbitral a%ard suc" a%ard s"all be enforceable.'. In all cases t"e time taEen for dispute resolution by arbitration and t"e time taEen to

conduct court procedures to set aside an arbitral a%ard s"all not be included %"en

calculating t"e limitation period for instituting proceedings.

1). "e decision of t"e court s"all be final and s"all be valid for enforcement.

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A$%'e 72. C&u$ ,ee e#%n #*%$#$%&n,ees for re8uest to a court appoint an arbitrator to order interim relief to register arbitrala%ards and any ot"er frees s"all be implemented in accordance %it" t"e la% on legal and

court fees.

CHAPTER 12

O#n%@#$%&n #n O/e#$%&n &, F&e%n A*%$#$%&n %n %e$n#

A$%'e 73 C&n%$%&n ,& ,&e%n #*%$#$%&n %n$%$u$%&n $& &/e#$e %n

%e$n#,oreign arbitration institutions %"ic" "ave been legally establis"ed and are currentlegally operating in foreign countries and %"ic" respect t"e constitution and la% of t"e

+ocialist -epublic of ietnam s"all be permitted to operate in ietnam in accordance

%it" t"is *a%.

A$%'e 74 O/e#$%&n#' ,& &, ,&e%n #*%$#$%&n %n$%$u$%&n %n %e$n#,oreign arbitration institutions s"all operate in ietnam in t"e follo%ing forms?1. ;ranc" of t"e foreign arbitration institution F"ereinafter referred to as branc".

2. -epresentative office of t"e foreign arbitration institution F"ereinafter referred to as

representative office.

A$%'e 7 B#n-e1. ;ranc" is a dependent unit of a foreign arbitration institution establis"ed and

conducting arbitration activities in ietnam pursuant to t"is *a%.2. "e foreign arbitration institution and its branc" s"all be liable before t"e la% of

ietnam for t"e operation of t"e branc".

3. "e foreign arbitration institution s"all elect one arbitrator to act as "ead of t"ebranc". "e "ead of t"e branc" s"all be t"e aut"oriBed representative of t"e foreign

arbitration institution in ietnam.

A$%'e 7! R%-$ #n &*'%#$%&n &, *#n- &, ,&e%n #*%$#$%&n %n$%$u$%&n

%n %e$n#1. o rent an office and to "ire or purc"ase facilities and materials necessary for t"e

activities of t"e branc".2. o recruit ietnamese and foreign employees to %orE at t"e branc" in accordance

%it" t"e la% of ietnam.

3. o open ietnamese dong and foreign currency accounts at a banE aut"oriBed tooperate in ietnam in order to service t"e activities of t"e branc".

4. o remit income of t"e branc" overseas in accordance %it" t"e la% of ietnam.

5. o "ave a seal bearing t"e name of t"e branc" in accordance %it" t"e la% ofietnam.

. o appoint arbitrators to establis" arbitration tribunals pursuant to aut"ority

delegated by t"e foreign arbitration institution.

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#. o provide arbitration mediation services and ot"er commercial dispute resolution

met"ods in accordance %it" la%.

&. o supply administrative services office and ot"er services for dispute resolution byt"e foreign arbitration tribunals.

'. o collect arbitration fees and ot"er la%ful fees.

1). o pay remuneration to arbitrators.11. o provide training to raise t"e dispute resolution Eno%ledge and sEills of

arbitrators.

12. o arc"ive files and to provide copies of arbitral decisions on re8uest by t"e partiesin dispute or by competent +tate aut"orities of ietnam.

13. o operate strictly in t"e sectors recorded in its establis"ment licence andD

certificate of registration of operation.

14. o comply %it" t"e relevant la% of ietnam on operation of t"e branc".15. o provide annual reports on t"e operation of t"e branc" to t"e $epartment of

7ustice in t"e locality %"ere t"e branc" is registered for operation.

A$%'e 77 Re/een$#$%6e &,,%e1. -epresentative office is a dependent unit of a foreign arbitration institutionestablis"ed and seeEing and promoting opportunities for arbitration activites in ietnamin accordance %it" t"is *a%.

2. "e foreign arbitration institution s"all be liable before t"e la% of ietnam for t"e

operation of its representative office.

A$%'e 7" R%-$ #n &*'%#$%&n &, e/een$#$%6e &,,%e &, # ,&e%n

#*%$#$%&n %n$%$u$%&n %n %e$n#1. o seeE and promote opportunities for arbitration activities for its institution in

ietnam .

2. o rent an office and to "ire or purc"ase facilities and materials necessary for t"eactivities of t"e representative office.

3. o recruit ietnamese and foreign employees to %orE at t"e representative office in

accordance %it" t"e la% of ietnam.

4. o open foreign currency and ietnamese dong accounts at a banE aut"oriBed tooperate in ietnam and only to use suc" accounts for t"e operation of t"e representative

office.

5. o "ave a seal bearing t"e name of t"e representative office in accordance %it" t"e la%of ietnam.

. o operate for t"e correct ob!ectives and %it"in t"e scope and for t"e duration

stipulated in t"e licence for establis"ment of t"e representative office.

#. (ot to conduct arbitration activities in ietnam.&. o only conduct promotions and advertising for arbitration activities in accordance

%it" t"e la% on iet(am.

'. o comply %it" t"e relevant la% of ietnam on operation of representative offices.1). o provide annual reports on t"e operation of t"e representative office to t"e

$epartment of 7ustice in t"e locality %"ere t"e representative office is registered for

operation.

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A$%'e 79 O/e#$%&n &, *#n-e #n e/een$#$%6e &,,%e &, ,&e%n

#*%$#$%&n %n$%$u$%&n %n %e$n#"e establis"ment operation and termination of operation of branc"es and representativeoffices of foreign arbitration institutions in ietnam s"all be implemented in accordance

%it" t"e la% of ietnam and international treaties of %"ic" ietnam is a member. "e

Government s"all provide detailed regulations on t"e procedures for establis"mentoperation and termination of operation of branc"es and representative offices of foreign

arbitration institutions in ietnam.

CHAPTER 13

I/'een$%n P&6%%&n

A$%'e "0 A//'%#$%&n &, $-% L#: $& #*%$#$%&n en$e e$#*'%-e /%& $&

e,,e$%6e #$e &, $-% L#:Arbitration centres %"ic" %ere establis"ed prior to t"e effective date of t"is *a% s"all notbe re8uired to conduct procedures for re@establis"ment. Arbitration centres must %it"in

t%elve F12 mont"s from t"e effective date of t"is *a% amend and supplement t"eirc"arters and arbitration procedural rules for compliance %it" t"is *a%. If upon t"e e6piry

of suc" time@limit any arbitration centre "as failed to amend and supplement its c"arterand arbitration procedural rules t"e establis"ment licence s"all be revoEed and it must

terminate its operation.

A$%'e "1 E,,e$%6ene1. "is *a% s"all be of full force and effect as from 1 7anuary 2)11.

2. "e :rdinance on Commercial Arbitration )3H2))3HP*@>;/911 s"all no longerbe effective as from t"e effective date of t"is *a% .

3. Arbitration agreements entered into prior to t"e effective date of t"is *a% s"all be

implemented in accordance %it" t"e provisions of la% effective as at t"e date %"en t"earbitration agreement %as entered into.

A$%'e "2 e$#%'e eu'#$%&n #n u%e'%ne &n %/'een$#$%&n"e Government t"e People0s +upreme Court and t"e People0s +upreme Procuracys"all %it"in t"e scope of t"eir respective po%ers and aut"ority provide detailed

regulations and guidelines for implementation of articles and clauses assigned in t"is

*a% and s"all provide guidelines for implementation of ot"er items in t"is *a%necessary to meet +tate management re8uirements.

"is *a% %as passed by *egislature II of t"e +ocialist -epublic of iet (am at its # t"

sessions on 1# 7une 2)1).

C"airman of t"e (ational Assembly(G>=( P9> -:(G

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law on commercial arbitration of vietnam

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