Vietnam has been attracting more than USD 10 billion in foreign direct investment each year for the past 5 years. That being said, international investment dispute resolution did not receive much attention from the government until recently. Subject to many claims and complaints raised by foreign investors, Vietnam has concluded some remarkable new-generation free trade agreements and advanced its national legislations and dispute resolution practices and is coming toward a pro-arbitration regime. However, the system is still far from flawless and much progress from the government is inevitable.
Recognizing such troublesome reality, the article on “International Investment Dispute Resolution in Vietnam: Opportunities and Challenges” (Chapter 9) written by Mr Nguyen Manh Dzung (Senior Partner) and Ms Nguyen Thi Thu Trang (Special Arbitration Council) attempts to demonstrate developments in international investment agreements and statutes in respect of investor-state dispute settlement (ISDS) in parallel with the illustration of some of the most noteworthy public cases in hope of providing helpful insights and recommendations for its government as well as investors.
With 21 chapters, the book brings together leading academics and practitioners to examine whether and how the Asian region has or may become a significant ‘rule maker’ in contemporary international investment law and dispute resolution. By reading this book, you are one step closer to understanding the ISDS mechanism in Vietnam and Asia.
The contents of the book could be viewed here
The book is available both in e-book version and physical form and Chapter 9 could be accessed here