1. Legal Based.
– WTO, AFAS, VJEPA, VKFTA, EVFTA, CPTPP
– Law on Commercial Arbitration 2010
– Decree No. 22/2017/ND-CP dated February 24, 2017 of the Government on commercial mediation.
2. Detailing Conditions
2.1. Provisions in the Agreements:Not limited to Arbitration and Mediation Services (CPC 86602), except for arbitration and mediation services for commercial disputes between businesses.
– The head of the branch must be a permanent resident in Vietnam
– In addition, under the CPTPP, Vietnam reserves the right to adopt and maintain any measure related to these sub-sectors.
2.2. The Law of Vỉetnam:
– The foreign commercial mediation organization operates in Vietnam in the following forms: a) The branch of the foreign commercial mediation organization (hereinafter referred to as the branch); b) Representative office of a foreign commercial mediation organization (hereinafter referred to as representative office).
– An arbitration center shall be established when there are at least five founders who are Vietnamese citizens who are qualified to act as arbitrators specified in Article 20 of the Law on Commercial Arbitration and are proposed by the Minister of Justice. Issuance of establishment license.
