Valid arbitration agreement in the contract

An arbitration agreement does not have to stipulate specific dispute matters and/or the arbitration organization authorized to resolve disputes without supplemental agreement. Even if there is a valid arbitration agreement, Vietnamese Arbitration Law stipulates that in order for a dispute to go to arbitration, it must also fit into one of three categories:

(1) Disputes arising from “commercial activities”;

(2) Disputes where at least one party is engaged in commercial activities;

(3) Other disputes where the law stipulates that arbitration is a permissible means of resolution.

Read more: Dispute Resolution with the Help of Arbitration Lawyers in Vietnam