Arbitration – 2015
Accreditation: Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Arbitration 2015, (published in January 2015; contributing editors: Gerhard Wegen and Stephan Wilske, Gleiss Lutz). For further information please visit www.gettingthedealthrough.com.
On 12 September 1995, Vietnam became a signatory to the 1958 New York Convention, which came into
force on 11 December 1995. Vietnam made three reservations under the Convention. Accordingly, foreign
arbitral awards are enforceable in Vietnam only when:
- The award is made in the territory of another contracting state;
- Disputes arising out of legal relationship, whether contractual or not, that are considered as commercial under Vietnamese law; and
- With regard to awards made in the territory of non-contracting states, Vietnam will apply the Convention only to the extent to which those states grant reciprocal treatment.
Vietnam has not acceded to any other multilateral conventions relating to international commercial and