Vietnam and UN Strengthen Collaboration on Commercial Law Reforms

PeopleOther ♦ Published: August 21, 2023; 15:08 ♦ (Vindobona)

In a move to enhance cooperation between Vietnam and the United Nations, a significant memorandum of understanding was signed between the Ministry of Foreign Affairs of Viet Nam and the secretariat of the United Nations Commission on International Trade Law (UNCITRAL).

Vietnam is growing more and more economically and is tying itself into international economic cooperation (view from the Saigon River to downtown Ho Chi Minh City). / Picture: © Wikimedia Commons / Diego Delso, / CC BY-SA 4.0 (

This memorandum aims to foster joint efforts in modernizing Vietnam's commercial law framework, thereby solidifying the ties between the nation and the international legal community. The memorandum of understanding seeks to promote the use of UNCITRAL texts and to facilitate capacity-building initiatives to ensure the harmonized application of UNCITRAL instruments within Viet…