2021 Maritime Arbitration – Enforcement Series
The last decade of the twentieth century marked serious attempt in the “renovation” of both arbitration law and maritime law in Vietnam. Since then, Vietnam has undergone significant developments in these areas thanks to the growing economy both in size and depth, as well as the integration with international practice.
In fact, arbitration law in Vietnam has been promulgated in line with the UNICTRAL Model Law on International Commercial Arbitration 1985 (“Model Law”), and the 1958 New York Convention (“New York Convention”), whereas maritime legislation has been built based on several well recognised maritime related conventions.
This article, accordingly, provides an overview of Vietnamese arbitration and maritime law, while focus will be placed on the enforceability of foreign maritime arbitral awards pursuant to the recognition and enforcement regime under the current regulations.