Authorities have continuously warned Vietnamese businesses to stay prudent when trading with foreign partners in the face of a recent scam increase.

The Arbitration – Mediation Symposium 2024, themed “Third parties and influences on arbitral proceedings”, will take place in Ho Chi Minh City from March 22 to April 11, according to the Vietnam International Arbitration Centre (VIAC).

Vietnam should make changes to its legal system, speed up administrative reforms, and cut off sub-licences to better facilitate Korean investors, said Hong Sun, Chairman of the Korea Chamber of Business in Vietnam.

High interest rates have been hurting the ability of businesses to recover and invest in ramping up production capacity, said industry insiders and economists.

The trend of international economic integration has been opening up many trade opportunities for the Vietnamese business community. However, there are also many scams that cause local firms to suffer heavy losses.

Deputy Prime Minister Le Minh Khai has signed a decision to deepen the restructuring of state-owned enterprises (SOEs) in 2021-25.

A workshop was held in Ho Chi Minh City on April 23 to discuss opportunities and challenges facing firms amid digital transformation.

Institutional and legal reforms will be the key factors in business development over the next five to 10 years in Vietnam, experts have said.

Arbitrators need to step in and deal with disputes in public-private-partnership (PPP) projects so economic development will not be disrupted, experts have warned.

A workshop was held in Hanoi on July 4 to look into the prevention and settlement of contractual disputes in infrastructure public-private partnership (PPP) projects.

The Vietnam International Arbitration Centre (VIAC) received 180 disputes in 2018, with total dispute value amounting to 9.4 trillion VND (404.2 million USD), heard a workshop in Ho Chi Minh City on January 11.

Young people in the workforce need to be better prepared for competing in a knowledge-based economy, experts said at a conference held in Ho Chi Minh City on January 11.

A seminar discussing the settlement of trade disputes in the Fourth Industrial Revolution took place in Vinh city, in the central province of Nghe An, on October 2.

Using mediation to resolve commercial disputes and conflicts not only helps enterprises save time but also helps them maintain good relations with business partners, a workshop heard in HCM City on August 16.

As many as 40 percent of FDI enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre.

Vietnam International Arbitration Centre organised a workshop on June 6 with the International Finance Corporation to promote the use of alternative dispute resolution methods in the banking sector.

The UK’s Commonwealth Fund will help the Vietnamese Ministry of Justice enhance its capacity via a project on implementing international arbitration standards.