The year 2024 marks a pivotal beginning in VTA’s international cooperation strategy for the 2024–2026 period. With the objective of enhancing its capacity to resolve international disputes, VTA is dedicated to aligning with the latest trends in dispute resolution across Asia – a region anticipated to emerge as the global hub for dispute resolution in the decades to come.

From signing cooperation agreements with the India International Arbitration Centre (IIAC) to establishing partnerships with arbitration centers in China and ASEAN countries, VTA continues to solidify its role as a key international connector in the field of commercial arbitration. These significant milestones reflect VTA’s unwavering commitment to building a transparent and efficient dispute resolution mechanism while contributing to the sustainable development of the regional business community.

📖 Discover more about VTA’s journey in international cooperation in 2024 by reading the detailed newsletter here

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.