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Deputy Minister of Justice Nguyen Thanh Tinh requested that the Ho Chi Minh City Peoples Committee create all favorable conditions according to the law, from physical facilities, working headquarters, and initial funding for the International Arbitration Center (TTTTTQT) to operate best and soonest. Download Deputy Minister of Justice Nguyen Thanh Tinh requested the Ho Chi Minh City Peoples Committee to create all conditions for the International Court of Justice to be established and put into operation soon. Photo: BTPThe Ministry of Justice working group led by Deputy Minister Nguyen Thanh Tinh recently had a working session with the Peoples Committee of Ho Chi Minh City on promoting the establishment of the International Finance Center under the Vietnam International Finance Center in Ho Chi Minh City. At the meeting, the parties focused on exchanging and agreeing on many important contents related to the establishment and operation of the International Finance Center. In particular, issues were discussed in detail such as the location of the headquarters, organizational structure, human resources, physical conditions and necessary legal requirements for the Center to operate effectively. At the meeting, Deputy Minister Nguyen Thanh Tinh said that the establishment of the International Court of International Trade under the Vietnam International Trade Center is an important step to perfect the institution for resolving commercial and financial disputes according to international standards, contributing to improving the capacity of the International Trade Center of Vietnam. competitiveness, ensuring the quality of the international investment and business environment in Vietnam. The establishment of the International Trade Center needs to be accelerated to keep up with the schedule of establishment and operation. Download View of the working session. Photo: Ministry of Justice Deputy Minister of Justice Nguyen Thanh Tinh requested the Ho Chi Minh City Peoples Committee to create all favorable conditions according to the law, from physical facilities, working headquarters, and initial funding for the International Center to operate best and soonest. Pursuant to Decree 328/2025/ND-CP, the Minister of Justice will decide to allow its establishment, based on the request of the founding organization that meets the conditions. on personnel, operating regulations, facilities; operates on the principle of independence, resolving disputes through arbitration as agreed by the parties. On Ho Chi Minh Citys side, Mr. Nguyen Cong Vinh, Vice Chairman of Ho Chi Minh City Peoples Committee, agreed with the Ministry of Justice, saying that the City is closely coordinating with the Ministry and relevant agencies to speed up preparation progress, ensuring necessary conditions in terms of organization, personnel, and infrastructure. The goal is to soon put the Center into operation, serving the needs of dispute resolution in the fields of trade, investment and international finance. The city is assigned the task of establishing the International Court of Justice and is preparing full documents to submit to the Peoples Council for approval. During the operation of the International Court of Justice, there will still be difficulties and problems because it is still new and being implemented for the first time. The City hopes that the Ministry of Justice will coordinate to resolve and resolve them, Mr. Vinh said. Download Vice Chairman of Ho Chi Minh City Peoples Committee Nguyen Cong Vinh spoke at the working session. Photo: BTP Lawyer Luong Van Trung, founder of the International Court of Justice of the Vietnam International Court of Justice, thanked the leaders of the Ministry of Justice and the City Peoples Committee for the attention to speed up the establishment and launch of the International Court of Justice to soon come into operation. We must make sure that the International Court of Justice is a place to resolve disputes professionally, legally, quickly and economically. That depends on many factors such as people (leaders, managers, arbitrators...), institutions, etc. Facilities, charters, regulations, policies, and technology are also necessary conditions to attract investors by creating confidence in the dispute resolution mechanism, determination, and the request of the Party and the State. Currently, due to limited facilities, technology, experience, and finance, the International Court of Justice wants the Ministry of Justice and the Ho Chi Minh City Peoples Committee to support, connect, and coordinate during operations, said Lawyer Luong Van Trung. know.Dieu AnhSee moreRegulations on the establishment and operation of the International Arbitration CenterSee moreReduce some procedures when registering to operate an Arbitration CenterSee moreLaunching the Commercial Arbitration CenterVietnamese Lawyers
