The advantages such as:-Firstly, the arbitration procedures are simple, rapid, the parties can take the initiative in terms of time, location of dispute resolution, not through multiple levels of review as in the courts, should limit costly in terms of time and money for businesses to meet trade demands from the parties concerned.-Second, đuơng the parties are free to choose the arbitrator, to help the parties choose to be a good arbitrator, much experience, deep knowledge of issues that are in dispute from which they can resolve disputes quickly, exactly at the same time bring democracy, objectivity in the course of the proceedings.-Third, the principle of arbitration adjudication is not public, the content dispute and the identity of the parties kept, partly to help the party keep its credibility in the marketplace. This is considered to be advantages the parties dispute the most Favorites and unpopular.-Fourth, the parties to the dispute have the ability to impact the process of arbitration, to control the supply of his evidence and this helps the parties keep the business secret.-Thursday. arbitration when resolving disputes in the name of the will of the parties, not on behalf of the French State power, should be very fit to resolve disputes involving foreign countries.-Friday, arbitration proceedings are not bound in terms of territory, the parties want to choose arbitration center would also be though regardless where they address.Limitations of the arbitration ruling in Vietnam:-First, the khuỵết points are incurred due to the rapid nature of the way in solving the incident, referee sentenced after a trial level only, so sometimes the referee's decision is incorrect, causing damage to the business.-In the time before, when no Arbitration Ordinance in 2003, then calculate the coercive enforcement of the arbitration decision is not high because the referee did not represent the judicial power of the State should be when judging, in case of need to adopt provisional measures to protect the evidence , the referee could not decide the compulsory nature of that which the Court must ask the ánthi arbitration ruling-The implementation of the decisions of the referee completely dependent on voluntary consciousness of the party. For foreign businesses, the prestige of the enterprise was put on top so that the voluntary implementation of the decisions of the referee. However, businesses in the country at present has yet to attach importance to the settlement of disputes by arbitration, should still not have self-discipline.-Practical situation In our country today, the cost of the settlement by arbitration of business disputes is too large, the small and medium enterprises do not have the ability to pay.-When there is agreement to use arbitration to resolve disputes in the business during the contract dispute, the arbitrator does not have jurisdiction even if the business had that intention.-Easy arbitration ruling is dominated by the party, when the party was the choice of the arbitrator to resolve. -The fact, the arbitrator has experience solving this case is limited.
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