New Regulation on coordination in resolution of international investment disputes

Decision No. 14/2020/QD-TTg dated April 8th, 2020 of the prime Minister on promulgating Regulation on coordination in resolution of international investment disputes

This Regulation provides for competence, tasks of agencies upon participation in resolution of disputes at international arbitration between foreign investors and Vietnam’s Government, Vietnamese State, including:

– Disputes over Agreement on Promotion and Guarantee of Investments or commercial agreements or other international treaties which provide for investment guarantee of which Vietnam is a contracting member

– Disputes over contracts, agreements between Vietnamese state agencies and foreign investors.

The presiding agency participating in resolution of an international investment dispute under this Regulation is a ministry, ministerial-level agency, government-attached agency or the provincial People’s Committee, whose investment guarantee measures are sued, or who, on behalf of the Vietnamese Government, signs contracts, agreements, commitments arising disputes.

This Decision takes effect from June 1st, 2020 and replaces Decision No. 04/2014/QD-TTgstatus3 dated January 14th, 2014.

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