I. Legal Basis

The 2020 Investment Law of Vietnam clearly outlines the methods for resolving investment disputes involving foreign investors. Disputes can be resolved through negotiation, mediation, commercial arbitration, or Vietnamese courts. Investors may also choose international or foreign arbitration if permitted by laws and international investment agreements.

This law ensures foreign investors’ rights in dispute resolution procedures and protects their interests in cases of violations by the Vietnamese government. Additionally, bilateral or multilateral agreements that Vietnam has signed provide further dispute resolution options for foreign investors.

II. Methods of Resolving Disputes Between Investors

Disputes related to business and investment activities in Vietnam between investors, where at least one party is a foreign investor, are often resolved through negotiation and mediation. If these methods do not yield results, the dispute may be brought to a competent authority or organization for resolution.

Specifically, such disputes can be addressed in Vietnamese courts, which will adjudicate based on the applicable legal provisions. Alternatively, the parties may choose domestic or foreign arbitration, as well as international arbitration. If the disputing parties have an agreement specifying arbitration as the dispute resolution method, the agreed-upon arbitration body can handle the dispute under the terms established in their agreement.

III. Methods of Resolving Disputes Between Foreign Investors and State Agencies

Disputes between foreign investors and competent state agencies concerning business and investment activities in Vietnam are typically resolved through Vietnamese arbitration or courts. These entities have the legal authority to examine and adjudicate disputes arising during the investment process.

However, in cases where there are specific agreements stipulated in contracts or international treaties to which Vietnam is a party, the disputing parties may follow the agreed-upon terms or provisions of the respective international treaty. This flexibility allows parties to select dispute resolution methods that comply with Vietnam’s legal framework and its international commitments.

About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

■ Contact us now

For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

■ Contact Hankuk Law Firm:

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