The Vietnam International Commercial Mediation Centre (VICMC), the first of its kind set up under a license of the Ministry of Justice, has made its debut.

As a member of the Vietnam Society of International Law (VSIL), the VICMC is established and operates for non-profit purposes. It aims to bring another approach to non-litigation settlement of commercial disputes among businesses and investors.

At the launching ceremony, Deputy Minister of Justice Dang Hoang Oanh spoke highly of efforts of and coordination among related ministries, sectors and organisations in the establishment of the centre.

She hoped that the VICMC and its members would make greater efforts to be professional, independent and fair in mediation activities, contributing to improving the business environment in Vietnam.

The Ministry of Justice will accompany the VICMC in its activities in particular and mediation activities in Vietnam in general, she affirmed.

In addition to mediation activities, the VICMC will perform its social responsibility through mediation training, study and promotion of mediation activities in Vietnam.