One hotly debated case that arose just recently concerned a contractual dispute between Vinalines, a Vietnamese state-owned enterprise, and SK Engineering and Construction, a Korean contractor, over the construction of the Van Phong International Harbour. The dispute concluded with the Vietnam International Arbitration Centre issuing an award for US$3 million in favour of the Korean party after Vinalines had unilaterally terminated the construction contract.
"The Vietnam International Arbitration Centre ("VIAC") is developing well as a viable alternative to arbitration in the more established regional and international centres"
-Fred Burke, Baker & McKenzie