September 26, 2020 | 20:20 (GMT+7)
Database on recognition, enforcement of foreign courts’ judgments in Vietnam released
The Ministry of Justice, in collaboration with the U.N. Development Program (UNDP) in Vietnam and the UK Embassy, held a workshop on presentation of the database on the recognition and enforcement in Vietnam of foreign courts’ judgments and foreign arbitral awards.
Speaking at the event, Bach Quoc An, head of the ministry’s International Law Department, said that the search for data on the recognition and enforcement in Vietnam of foreign courts’ judgments and foreign arbitral awards is not easy, as to date, neither the Supreme People’s Court nor his ministry conduct and announce annual statistics.
Therefore, the Ministry of Justice hopes the database not only provides information but also serves as a premise for related agencies to gain an insight into this work and contribute to increasing the safety and attractiveness of Vietnam’s business environment.
Nils Christensen, Acting Assistant to Chief Representative of UNDP Vietnam, stated that increasing the recognition and enforcement of foreign courts’ judgments and foreign arbitral awards in Vietnam is important to ensure a fair business environment and attract more foreign investments, which is also essential to make Vietnam gain better international economic integration.
The database is posted on the Justice Ministry’s e-portal.
Source: VNA