Dispute resolution at international financial centers under resolution No. 222/2025/QH15
On June 27, 2025, the National Assembly of Vietnam officially adopted Resolution No. 222/2025/QH15 on International Financial Centers in Vietnam (Resolution 222), establishing the first legal foundation for the development and operation of international financial centers in Vietnam. At the same time, Resolution 222 laid the groundwork for specialized dispute resolution mechanisms applicable within these centers. This article provides an overview of the dispute resolution framework at International Financial Centers (IFCs) in Vietnam as stipulated under Resolution 222. First, pursuant to Clause 1, Article 3 of Resolution 222, an International Financial Center is defined as a geographically delineated area established by the Government in Ho Chi Minh City and Da Nang, concentrating a diverse ecosystem of financial and supporting services, and operating under the specific mechanisms and policies prescribed in this Resolution. Accordingly, the establishment of an...