International Investment Dispute Resolution in Vietnam: Opportunities and Challenges
In: The Journal of World Investment & TradeSearch for other papers by Manh Dzung Nguyen in
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Search for other papers by Thi Thu Trang Nguyen in
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Abstract
Integration into the global market brings both challenges and opportunities for the Vietnamese legal system. As investment dispute prevention and settlement has not received much attention from the Vietnamese government, Vietnam experienced difficulties in dispute resolution when faced with investment claims. The reluctance to recognise and enforce foreign arbitral awards in Vietnam to protect local parties has resulted in a number of commercial disputes escalating into investment treaty claims. These experiences have, however, allowed Vietnam to identify defects in its legal framework, human resources and governance, and prompted the government to take measures to reduce the risk of being sued by foreign investors. Even though the effectiveness of these measures has not yet been proven, investment disputes have brought opportunities as well as challenges for Vietnam.
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| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 980 | 260 | 36 |
| Full Text Views | 436 | 27 | 12 |
| PDF Views & Downloads | 443 | 77 | 33 |
International Investment Dispute Resolution in Vietnam: Opportunities and Challenges
In: The Journal of World Investment & TradeSearch for other papers by Manh Dzung Nguyen in
Current site
Google Scholar
PubMed
Search for other papers by Thi Thu Trang Nguyen in
Current site
Google Scholar
PubMed
Abstract
Integration into the global market brings both challenges and opportunities for the Vietnamese legal system. As investment dispute prevention and settlement has not received much attention from the Vietnamese government, Vietnam experienced difficulties in dispute resolution when faced with investment claims. The reluctance to recognise and enforce foreign arbitral awards in Vietnam to protect local parties has resulted in a number of commercial disputes escalating into investment treaty claims. These experiences have, however, allowed Vietnam to identify defects in its legal framework, human resources and governance, and prompted the government to take measures to reduce the risk of being sued by foreign investors. Even though the effectiveness of these measures has not yet been proven, investment disputes have brought opportunities as well as challenges for Vietnam.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 980 | 260 | 36 |
| Full Text Views | 436 | 27 | 12 |
| PDF Views & Downloads | 443 | 77 | 33 |
