Global Private M&A Guide - Limited External Content

Vietnam

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Does local law allow for a choice of governing law?

Yes, if at least one party to the agreement is a foreign investor.

What is the common governing law?

Frequency/market practice: Vietnamese law is preferred for enforcement in Vietnam.

Is litigation or arbitration more common? If arbitration, where?

Frequency/market practice: This differs case by case. If arbitration is used, Singapore and Vietnam are more commonly seen.

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