VIAC

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1. What does VIAC mean?: VIAC is the English abbreviation of Vietnam International Arbitration Centre, which means "Trung tâm Trọng tài Quốc tế Việt Nam" in Vietnamese.
As being specified in the Charter of VIAC, VIAC is known as "Trung tâm Trọng tài Quốc tế Việt Nam"; as “Vietnam International Arbitration Centre” in English.
2. When was VIAC established officially?: VIAC officially established on April 28th, 1993 on the grounds of Decision No.204/TTg issued by Prime Minister of Socialist Republic of Vietnam, on the basis of merging the Foreign Trade Arbitrator Committee (founded in 1963) and the Marine Arbitration Committee (founded in 1964).
3. Is VIAC a governmental organization and does it have its legal status?: VIAC is a non-governmental organization. According to the Charter of VIAC, VIAC is an independent organization which operates in accordance with Vietnamese law and the Charter of VIAC. VIAC has its legal status, its own seal and account. VIAC operates for non-profit purposes.
4. What is the purpose of VIAC?: The purpose of VIAC is to promote the development of method of dispute settlement through arbitration or other methods of commercial dispute settlement (ADR – Alternative Dispute Resolution) prescribed by law in the manner of fairness, convenience and prompt.
5. How does VIAC function in arbitral proceedings?: According to the Charter of VIAC, VIAC performs the function of organizing the dispute settlement through arbitration and other methods of commercial dispute settlement prescribed by law; giving administrative and office support and others during the arbitration proceedings and other methods of commercial dispute settlement.
6. Does VIAC directly resolve the disputes?: VIAC does not itself resolve disputes. Disputes shall be resolved by an Arbitral Tribunal (as prescribed in Article 38.1 of the VIAC's Rule of Arbitration effected by March 1st, 2017).
7. Which fields of disputes are under the jurisdiction of VIAC?: Pursuant to Article 2 of Law on Commercial Arbitration 2010, VIAC has competence to resolve:
a) Disputes between parties arising from commercial activities;
b) Disputes arising between parties in which at least one of whom engaged in commercial activities;
c) Other disputes between parties which shall be resolved by arbitration as stipulated by law.
8. Can a foreign lawyer participate in the arbitral proceedings?: The VIAC's Rule of Arbitration does not have provisions of whether a foreign lawyer can participate in the arbitral proceedings, therefore, he/she can participate in the proceedings like a Vietnamese one.

VIAC

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