According to Article 4 of Vietnam Law on Commercial Arbitration,
the following principles must be adhered to during dispute settlement in arbitration:
Arbitrators must respect the parties’ agreement if such agreement
neither breaches prohibitions nor contravenes social ethics.
Arbitrators must be independent, objective and impartial and shall
observe law.
Disputing parties are equal in their rights and obligations. The
arbitration council shall create conditions for disputing parties to exercise
their rights and fulfill their obligations.
Dispute settlement by arbitration shall be conducted in private,
unless otherwise agreed by the parties.
The arbitral awards are final.
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