1 Arbitration Agreements
1.1 What, if any, are the legal requirements of an arbitration agreement under the laws of Vietnam?
The current Law on Commercial Arbitration of Vietnam of 2010 requires that an arbitration agreement must meet the following requirements:
- it must be in writing;
- it must only be applied for disputes under the competence of the arbitration tribunals;
- it must be entered into by a competent person who has full capacity for civil acts;
- the parties are not deceived, threatened or coerced into entering such arbitration agreement; and
- such arbitration agreement does not violate a prohibition as stipulated by law.