Strengthening capacity to prevent and limit international investment disputes

On the morning of November 13, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung chaired a meeting with the Ministry of Justice on the Project to establish a Center for Prevention and Resolution of International Investment Disputes.

Deputy Prime Minister Ho Quoc Dung speaks at the meeting.

At the meeting, the representative of the Ministry of Justice reported on the implementation of the task of "Researching and developing a project to establish an agency/unit/center specializing in resolving foreign investment, thereby focusing on investing in human and material resources to prevent and limit disputes, and improve the effectiveness of resolving international disputes".

Specifically, based on the Prime Minister's direction, the Ministry of Justice has drafted the Project and sent documents to relevant ministries, branches, localities and units requesting their comments on the draft Project. Up to now, the Ministry of Justice is in the process of revising the draft Project based on the comments.

The draft will include the necessity of developing the Project; objectives, guiding viewpoints; scope of the Project and its contents; proposed options for establishing an international investment dispute prevention and resolution center.

Speaking at the meeting, Deputy Prime Minister Ho Quoc Dung affirmed that the establishment of a specialized agency for resolving international investment disputes is necessary. However, for the Center to operate effectively, its core role is not only in handling disputes when they have occurred, but more importantly, proactively preventing them from arising, causing complicated lawsuits that are costly and affect national interests.

Deputy Prime Minister Ho Quoc Dung chaired a meeting on the Project to establish a Center for Prevention and Resolution of International Investment Disputes.

The Deputy Prime Minister requested that the drafting agencies must clearly study the functions and tasks of the Center, clearly defining the core task of guiding measures to prevent international investment disputes.

The Center's preventive function must be specifically demonstrated through tasks such as: being the focal point to guide ministries, branches and localities in state management of investment, ensuring strict and legal processes and procedures. In addition, providing early and timely legal support to localities right from the time of project acceptance, during appraisal and operation, ensuring there are no legal loopholes. Building a warning system, early detection of potential risks that may lead to disputes to have timely handling measures.

Deputy Prime Minister Ho Quoc Dung requested relevant units to urgently complete the draft Project comprehensively, clarify key contents to submit to the Government as soon as possible.

Source: https://baotintuc.vn/thoi-su/tang-cuong-nang-luc-phong-ngua-han-che-tranh-chap-dau-tu-quoc-te-20251113120720286.htm