Forms of Disputes and Methods of Resolution in Vietnam
Dispute in Vietnam could arise between parties to a business transaction, such
as the government of Vietnam and foreign investors, or between nations
implementing international treaties.
Vietnam's
market economy developed in tandem with a significant increase in the breadth
and depth of its economic ties, which have made Vietnam an important component
of the global supply chain. Vietnam providers could offer the labor and
products to the world and the unfamiliar provider could likewise trade their
labor and products to Vietnam market. Further, as the Vietnam market opens up,
unfamiliar financial backers could put through different types of interests in
Vietnam for example gain values in Vietnam organizations, lay out business inVietnam. Disputes that have grown in size and complexity during this process
are an inevitable outcome.
The
majority of people should agree that disagreements should be interpreted as
disagreements, inconsistencies, or conflicts of interests, rights, and
responsibilities between parties in economic relations at various levels. Accordingly, economic disputes can have
the following basic forms:
-Disputes in business are between the participants in a business
transaction including investments, production to consumption of products or
performance of services on the market for profit purposes i.e. professional and
product liability, debt disputes over a business transaction, franchise
disputes, intellectual property disputes, and disputes over contract for supply
of goods or services…
-Disputes between foreign investors with Vietnam government
agencies, arising in the implementation of the BTO, BT, BOT, and the
implementation of international agreements on promotion and protection
bilateral and multilateral investment i.e. government policy and policy
measures, concession to water and sewerage, power or energy supply, project or
contract payment…
-Disputes between countries in the implementation of the
international bilateral and multilateral agreements.
After taking into account a variety of factors, including cost,
time, and the complexity of the disputes, the parties involved in disputes in
Vietnam may consider resolving the issues through negotiation, mediation, arbitration,
or litigation. In Vietnam, a litigation law firm with skilled dispute lawyers in Hanoi, Danang and Ho Chi Minh City should be consulted for
appropriate dispute resolution advice.
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