Over the past six years since its establishment, the Vietnam Traders Arbitration Centre (VTA) has remained steadfast in its philosophy, mission, and core values. VTA has worked tirelessly alongside other arbitration centers and the arbitration community to promote alternative dispute resolution (ADR) methods in Vietnam. Through consistent practice, reflection, and refinement, VTA has mastered the organization and coordination of arbitration activities for dispute resolution within the country. The center has also built a team of seasoned arbitrators with extensive experience in handling disputes, not only at VTA but also at various domestic arbitration centers.

The year 2024 marks the beginning of VTA's plan to strengthen international relations from 2024 to 2026. The goal of establishing international partnerships, particularly with regional international arbitration centers, is to enhance VTA's capacity for resolving international disputes as it progresses into the next phase of development, in line with the evolving landscape of dispute resolution in Asia.

VTA Signs Cooperation Agreement with the Indian International Arbitration Centre (IIAC)

At the 2024 Asia ADR Summit, themed “Beyond Boundaries: Asia’s Emergence in Global Dispute Resolution,” held in Kuala Lumpur, Malaysia, from July 26-27, 2024, over 100 ADR experts from Asia, Europe, and Australia concurred that with China and India taking the lead, Asia itself is forecasted to become the global hub for dispute resolution in the coming decades. On the sidelines of the Asia ADR Summit 2024, VTA representatives engaged in cordial exchanges with regional ADR experts and received strong support through concrete actions and events in collaboration with VTA.

The signing of international cooperation agreements between VTA and regional partners such as the Indian International Arbitration Centre (IIAC), the Guangxi Branch of the China Council for the Promotion of International Trade, the Baise Arbitration Commission of China (Guangxi), Guangxi University for Nationalities, and the Beihai Asia International Arbitration Centre (BAIAC - Singapore), marks the initial steps for VTA to extend its reach and gradually deepen its involvement in cross-border mediation and arbitration, starting with Asia in the coming years.

VTA Signs Cooperation Agreement with the Guangxi Branch of the China Council for the Promotion of International Trade, the Baise Arbitration Commission of China (Guangxi), and Guangxi University for Nationalities

The framework for international cooperation between VTA and international organizations for the period 2024 – 2026 includes: (1) Building a mutually trustworthy and friendly mechanism by facilitating and supporting each other in resolving disputes between businesses from different countries. (2) Establishing an effective long-term cooperation mechanism by introducing arbitrators from each side to participate in dispute resolution and providing training for each side's arbitrators. (3) Exchanging experts and sharing experiences in international dispute resolution; introducing and admitting arbitrators into each side's arbitrator list. (4) Facilitating and providing support for facilities when opening dispute resolution sessions, establishing representative offices, and promoting ADR methods at each side. (5) Enhancing information exchange, sharing experiences, and fostering cooperation between the two sides.

VTA Signs Cooperation Agreement with the Beihai Asia International Arbitration Centre (BAIAC)

The Vietnam Traders Arbitration Centre (VTA) is an institution that organizes and coordinates arbitration-based dispute resolution in commercial matters, with jurisdiction to resolve disputes including: (i) Disputes arising from commercial activities between parties; (ii) disputes where at least one party is engaged in commercial activities; and (iii) disputes where arbitration is mandated by law.

For more detailed information about VTA, please visit: vtac.vn

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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.