Vietnam international commercial mediation centre debuts
The Vietnam International Commercial Mediation Centre (VICMC), the first of its kind set up under a license of the Ministry of Justice, has made its debut.
Hanoi (VNA) – The Vietnam International CommercialMediation Centre (VICMC), the first of its kind set up under a license of theMinistry of Justice, has made its debut.
As a member of the Vietnam Society of International Law (VSIL), theVICMC is established and operates for non-profit purposes. It aims to bringanother approach to non-litigation settlement of commercial disputes amongbusinesses and investors.
At the launching ceremony, Deputy Minister of Justice Dang HoangOanh spoke highly of efforts of and coordination among related ministries,sectors and organisations in the establishment of the centre.
She hoped that the VICMC and its members would make greater efforts to beprofessional, independent and fair in mediation activities, contributing toimproving the business environment in Vietnam.
The Ministry of Justice will accompany the VICMC in its activities inparticular and mediation activities in Vietnam in general, she affirmed.
In addition to mediation activities, the VICMC will perform its socialresponsibility through mediation training, study and promotion of mediationactivities in Vietnam.-VNA
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The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
At the launching ceremony (Source: VNA) 
