Vietnam International Commercial Mediation Center (VICMC), the first of its kind founded under a license of the Ministry of Justice, was officially launched on June 7 in Hanoi.
According to lawyer Nguyen Hung Quang, President of VICMC, as a member of the Vietnam Society of International Law (VSIL), VICMC is established and operates for non-profit purposes, bringing another approach to non-litigation settlement of commercial disputes among businesses and investors.
|The launching ceremony of Vietnam International Commercial Mediation Center__Photo: VNA|
At the launching ceremony, Dang Hoang Oanh, Deputy Minister of Justice highly spoke of efforts of and coordination among related ministries, sectors and organizations in the establishment of the center.
She hoped that VICMC and its members will make greater efforts to be professional, independent and fair in mediation activities, contributing to improving the business environment in Vietnam.
“The Ministry of Justice will accompany VICMC in its activities in particular and mediation activities in Vietnam in general”, she stressed.
In addition to mediation activities, VICMC will also perform its social responsibility through mediation training, study and promotion of mediation activities in Vietnam.
Specifically, as part of the launch, VICMC signed cooperation agreements with the faculties of law of Hanoi National University and Foreign Trade University.- (VLLF)