The roles of the courts in promoting Alternative Dispute Resolution (ADR) measures were more clearly provided for in the new Code, covering arbitration and mediation. With the Vietnam Civil Procedural Code promulgated in 2015, various former law issues have been overcome and the consistency between Vietnamese legislative and regulatory framework and regulations of New York Convention 1958 which Vietnam officially joined in 1995 has been ensured. However, due to the lack of consistent and uniform understanding of Vietnam’s legal regulations and New York Convention 1958, the procedures for recognition and enforcement of foreign arbitral awards have not been consistent at Courts to gain absolute trust of investors. The recognition and enforcement of foreign arbitral awards before 2015 have made significant achievements to protect legitimate rights and interests of award creditors.
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