SCIA Hosts Training Program on Investment and Dispute Resolution for Business Representatives from China and Vietnam
The Shenzhen Court of International Arbitration (SCIA) and the China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Park (VCEP) co-hosted the “Training on Investment and Dispute Resolution between Enterprises of China and Vietnam” in Haiphong, Vietnam, on 14 Oct 2024.The training session was moderated by Yi Ran, Deputy Legal Counsel of the International Cooperation and Development Department of the SCIA, with more than 40 business representatives from China and Vietnam participating.
Dr. Liu Xiaochun, President of the SCIA and Executive Chairman of the South China International Arbitration Center (HK) (SCIA HK); and He Dong, Chairman of VCEP and an investor in the cooperation park, delivered welcome speeches, expressing their commitment to promoting economic and trade cooperation between China and Vietnam.
As Shenzhen in China and Haiphong in Vietnam are sister cities, Nguyen Thi Bich, Director of the Foreign Affairs Department of Haiphong, said she hoped the event would deepen the relationship between the two sides, enhance international arbitration cooperation and serve the businesses of both countries.
Huang Guoyong, Assistant President and Director of the International Cooperation and Development Department of the SCIA, delivered a keynote speech on developments and new practices in international arbitration services for Sino-Vietnamese enterprise investments in the Shenzhen Special Economic Zone.
In a roundtable discussion, SCIA’s Arbitrators Lin Yifei and Huang Hai; Li Lan from the SCIA Jiangmen (Jiangmen Arbitration Commission); and Xing Chengdong, International Consultant from the Shenzhen Representative Office of Rajah & Tann Singapore LLP, discussed methods for Sino-Vietnamese enterprises to prevent legal risks. They also answered questions from business representatives.
The SCIA and the cooperation park also signed a cooperation agreement to deepen cooperation in preventing and resolving international commercial disputes between the two countries.
In recent years, economic and trade investment cooperation between China and Vietnam has made significant progress. Sino-Vietnamese trade has maintained rapid development, with bilateral trade volume increasing from approximately $20 billion in 2008 to $230.3 billion in 2023, an 11.5-fold increase over 15 years.
Since 2018, Vietnam has been China’s largest trading partner in the Association of Southeast Asian Nations (ASEAN) region. China’s direct investment in Vietnam has grown rapidly as well, making China one of Vietnam’s largest sources of investment.
China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Park
The China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Park (VCEP), also known as the “Shenzhen-Haiphong Cooperation Park”, is located in Haiphong, Vietnam. It is a key part of economic and trade cooperation that has been promoted by the leaders of both countries.
The park was listed as a key cooperation project in the five-year development plan for China-Vietnam economic and trade cooperation between 2017 and 2021 and is also the first overseas economic and trade cooperation park for Shenzhen.
The project has been approved for a planned land area of 207 hectares, with 196 hectares of construction land already approved. The planned investment is 1.42 billion yuan, with actual investment exceeding 800 million yuan.
The park has industrial buildings totaling 800,000 square meters, including 120,000 square meters of self-built factories. The land lease and sales rate has reached 85 percent.
It has attracted 38 high-quality manufacturing enterprises, including 17 A-share listed ones, with investments exceeding $1 billion and cumulative output value exceeding $3.2 billion, creating approximately 15,000 jobs for local residents.
A technological and industrial park dominated by electronic information and electromechanical equipment industries has taken shape, serving as an example for Chinese companies to go global and a benchmark project of the Belt and Road Initiative.
A bird’s-eye view of VCEP
A training session on investment and dispute resolution between enterprises of China and Vietnam was held in Haiphong, Vietnam, on Oct 14 2024.
Participants took a group photo at the event.
A picture of VCEP.
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