The Contract Law is part of Civil Code that was amended in 2015 and became effective as of 1st July 2017. The Contract Law is characterized by a market-oriented economy by which governmental interventions are restricted and more freedom is given to parties to contract.
Chapter 5 contains 07 sections that guide you through how all stages of contract and other relative issues are governed by Vietnamese law:
- General Introduction
- Pre-contractual Process
- Formation of Contract
- Breach of Contract and Entitlement to Damages
- Quantification of Damages
- Changed Circumstances and Contract Adaptation
- Dealing with Government Contracts
We hope this chapter is helpful for you in search of doing business in Vietnam. Please click the link below to access the full text of Chapter 5: DOWNLOAD