10.000.000 VND

SCHEDULE OF ARBITRATION COSTS OF VIETNAM  TRADERS ARBITRATION CENTRE (VTA)  

1.    Basis of calculation
1.1.    For Requests for Arbitration and Counterclaims specifying the value in dispute:

a)    For disputes resolved by an Arbitral Tribunal comprising three Arbitrators:

b)    For disputes resolved by a Sole Arbitrator, the arbitration costs shall be 70% of the costs for the same value in dispute mentioned in Section 1.1 (a) above.
c)    Value in dispute in foreign currency shall be converted into Vietnamese Dong at the transfer exchange rate announced by Vietcombank at the time of submission of Request for Arbitration or Counterclaim.

1.2.    For Requests for Arbitration and Counterclaims without indicating the monetary value in dispute, the arbitration costs shall be fixed by the VTA President at his consideration of the dispute’s nature, estimated time for dispute settlement and the number of the Arbitrators.

1.3.    For Requests of Arbitration and Counterclaims containing both monetary requests and non-monetary ones, the arbitration costs shall be calculated pursuant to mentioned-above Item 1.1 (a)  and Item 1.2, respectively.

1.4.    The arbitration costs mentioned in Items 1.1, 1.2 and 1.3 above excludes travelling, accommodation and other relevant expenses for Arbitrator(s) who resolve the dispute and secretarie(s) of the hearings, expenses for inspection and valuation of assets, expenses for seeking expert advice, and expenses for other assistance at the request of the Arbitral Tribunal.

1.5.    The regulations in the above-mentioned Items 1.1, 1.2, 1.3 and 1.4 shall apply to calculate the additional arbitration costs for any amendment and/or supplement to Requests for Arbitration and Counterclaims which increases the value of the dispute and/or the value of the Counterclaim. In case of any decrease in the value of the dispute or in the value of the Counterclaim, the arbitration costs shall remain unchanged.    

1.6.    In some cases, the arbitration costs shall be fixed by the VTA President at his consideration of the dispute’s nature, estimated time for dispute settlement and the number of the Arbitrators.

2.    The Refunding 

The arbitration costs shall be refundable in the following circumstances:

2.1.    Withdrawal of the Request for Arbitration and/or amendment and/or supplement to the Request for Arbitration; the Counterclaim and/or amendment and/or supplement to the Counterclaim:

a)    Where the Request for Arbitration and/or amendment and/or supplement to the Request for Arbitration; the Counterclaim and/or amendment and/or supplement to the Counterclaim are withdrawn before the constitution of the Arbitral Tribunal, 70% of the arbitration costs is refundable;
b)    Where the Request for Arbitration and/or amendment and/or supplement to the Request for Arbitration; the Counterclaim and/or amendment and/or supplement to the Counterclaim are withdrawn after the constitution of the Arbitral Tribunal, 40% of the arbitration costs is refundable.
c)    Where the Request for Arbitration and/or amendment and/or supplement to the Request for Arbitration; the Counterclaim and/or amendment and/or supplement to the Counterclaim are withdrawn after the Centre has sent the summon to the hearing, but before the date of the hearing, 20% of the arbitration costs is refundable.

2.2.    Where the Arbitral Tribunal makes the Decision staying the dispute on the grounds of non-existence or invalidity or inability to be performed of an arbitration agreement, 70% of the arbitration costs is refundable.

2.3.    Where the Arbitral Tribunal makes the Decision staying the dispute resolution in accordance with a competent Court’s judgment saying that the Arbitral Tribunal having no jurisdiction over the dispute, 20% of the arbitration costs is refundable.

VTA’s Model Arbitration Clause: “Mọi tranh chấp phát sinh từ hoặc liên quan đến hợp đồng này sẽ được giải quyết bằng trọng tài tại Trung tâm Trọng tài Thương nhân Việt Nam (VTA) theo Quy tắc tố tụng trọng tài của Trung tâm này”. “Any dispute arising out of or in relation with this contract shall be resolved by arbitration at the Vietnam Traders Arbitration Centre (VTA) in accordance with its Rules of Arbitration”.

The Vietnam Trade Arbitration Center (VTA) is responsible for organizing and coordinating the resolution of business disputes through institutional arbitration, with jurisdiction over disputes including: (i) disputes arising from commercial activities between parties; (ii) disputes involving at least one party engaged in commercial activities; and (iii) disputes as prescribed by law to be resolved by arbitration.