Vietnam’s Specialized Court: Innovation, Ambition, And Uncertainty

Written by Senior Partner Linh D. Nguyen, Senior Associate Loi Pham and Trainee Associate Huy Tran

I. INTRODUCTION

An effective dispute resolution mechanism is a critical factor for investors when choosing an investment destination. In Vietnam, however, the traditional court system has revealed several shortcomings—particularly in cases involving foreign investors. Lengthy proceedings, procedural rigidity, and inconsistent outcomes have undermined confidence in the system and, by extension, the investment climate.

Recognizing these challenges, the Vietnamese Government has introduced a series of reforms aimed at strengthening the country’s legal infrastructure and enhancing its appeal to global investors. Central to these reforms is the creation of a Specialized Court (Tòa chuyên biệt) at the International Financial Center (“IFC”). Operating in tandem with the International Commercial Arbitration Center (“ICA”), this Specialized Court is envisioned as a dedicated forum for