The future of international commercial mediation in asia

SEMINAR FOR CEREBRATING THE 3RD ANNIVERSARY OF THE JIMCKYOTO THE FUTURE OF INTERNATIONAL COMMERCIAL MEDIATION IN ASIA FOCUSING ON ONLINE MEDIATION AND COLLABORATIONS AMONG IMCS th Vietnam, 19 November 2021 NGUYEN MANH DZUNG • • Member | ICC Task Force on ADR (Track 4) Mediator | JIMC Kyoto, MHJMC, HIAC & VMC 1 INVESTMENT BY JAPAN Foreign direct investment to Vietnam by country as of July 2021 Thailand 1.4 % BritishVirginIslands 2.1% USA 2.4% Taiwan 5.7% Hong Kong 7.3% China 9.6% South Korea 13.1% Other 8.1% Singapore 35.1% Japan 15.1% TOP TRADING PARTNERS OF VIETNAM IN 2021 34 29.9 15.8 16.2 13.4 12.6 8.9 6.7 4.8 5.2 6.5 6.4 6.8 1.3 % of the imports to Vietnam % of the exports from Vietnam TOP 10 FOREIGN USERS AT VIET NAM ARBITRATION CENTER -VIAC (1993 – 2018) COMMERCIAL MEDIATION 72 CEDR accredited 15+8 licensed mediation centers Over 100 Registered ad-hoc mediators mediators 5 VIETNAM MEDIATION CENTER (VMC)-A DIVISION OF VIETNAM INTERNATIONAL ARBITRATION CENTER (VIAC) VMC LISTED 53 MEDIATORS 0.25 0.75 Platform/guidelines Virtual mediation rules Rates/Mediators 6 VMC MEDIATION SERVICE SINCE IT’S ESTABLISHMENT statistic 06 ~ 934.5 VND billions cases Number of cases 40,3 USD millions Total value in disputes construction Sector/Industry 13 VIETNAM INTERNATIONALCOMMERCIAL MEDIATION CENTER (VICMC) UNDER VSIL 53 Mediation cases Successful case Withdrawn case On-going case 8 REFORMS IN PROGRESS Active participation in UNCITRAL’s Working Group III Developing commercial mediation practice and expanding court annexed mediation regime to create a foundation Internationalising dispute resolution practitioners in Vietnam Considering Singapore Convention on Mediation Initiative to draft a new act on commercial mediation RECOMMENDATIONS Utilize the commercial mediation mechanism under Decree No 22/2017/ND-CP on Commercial Mediation issued by the Government in 2017; Ensure the enforceability of mediated settlement agreement under Chapter 33 of the Code of Civil Procedures 2015 or by Med-Arb mechanism under New York Convention 1958; Enhance the close relation between arbitration and mediation institutes in Vietnam (VIAC/VMC) and Japan (JCAA/JIMC Kyoto); Establish a joint working group and head towards establishing Vietnam-Japan Arbitration & Mediation Committee 10 REFERENCE VMC: https://medup.vmc.org.vn/en/ VICMC: https://vicmc.vn/dich-vu/hoa-giai-truc-tuyen/ MOJ: https://bttp.moj.gov.vn/Pages/hoa-giai-thuong-mai.aspx SPC: https://vbpq.toaan.gov.vn/webcenter/portal/htvb/chi-tiet?dDocName=TAN D161554 THANK YOU FOR YOUR ATTENTION! 12 ... UNCITRAL’s Working Group III Developing commercial mediation practice and expanding court annexed mediation regime to create a foundation Internationalising dispute resolution practitioners in Vietnam... Considering Singapore Convention on Mediation Initiative to draft a new act on commercial mediation RECOMMENDATIONS Utilize the commercial mediation mechanism under Decree No 22/2017/ND-CP on Commercial. .. Korea 13.1% Other 8.1% Singapore 35.1% Japan 15.1% TOP TRADING PARTNERS OF VIETNAM IN 2021 34 29.9 15.8 16.2 13.4 12.6 8.9 6.7 4.8 5.2 6.5 6.4 6.8 1.3 % of the imports to Vietnam % of the exports