SCHEDULE OF ARBITRATION FEE OF THE VIETNAM TRADE AND INVESTMENT ARBITRATION CENTRE (VTIAC)
Value in dispute | Arbitration Fee (VAT included) | |
Administrative Costs | Dispute Resolution Costs | |
Upto 60.000.000 VND | 2.000.000 VND | 3.000.000 VND |
60.000.000 VND to 400.000.000 VND | 8.000.000 VND | 5% of the value in dispute |
400.000.000 VND to 800.000.000 VND | 16.000.000 VND | 20.000.000 VND + 4% of the amount over 400.000.000 VND |
800.000.000 VND to 2.000.000.000 VND | 24.000.000 VND | 36.000.000 VND + 3% of the amount over 800.000.000 VND |
2.000.000.000 VND to 4.000.000.000 VND | 32.000.000 VND | 72.000.000 VND + 2% of the amount over 2.000.000.000 VND |
Over 4.000.000.000 VND | 40.000.000 VND | 112.000.000 VND + 0,1% of the amount over 4.000.000.000 VND |
* The Arbitration fees mentioned above are applied to the disputes resolved by the Arbitration Council consisting of a Sole Arbitrator. In case a dispute is resolved by an Arbitration Council consisting of 3 arbitrators, the Dispute Resolution Costs is equal to 150% of the above-mentioned cost (the Administrative Cost remains unchanged).
* The value in dispute in foreign currency shall be converted into Vietnam Dong at the transfer exchange rate announced by The Joint Stock Commercial Bank for Foreign Trade of Vietnam (VIETCOMBANK) at the time of submission of the Claim or the Counterclaim.
* Administrative costs are not refundable under any circumstances. Expenses spent are not refundable. Dispute Resolution Costs may be refunded in some cases according to the provisions of VTIAC.
* The value in dispute in foreign currency shall be converted into Vietnam Dong at the transfer exchange rate announced by The Joint Stock Commercial Bank for Foreign Trade of Vietnam (VIETCOMBANK) at the time of submission of the Claim or the Counterclaim.
* Administrative costs are not refundable under any circumstances. Expenses spent are not refundable. Dispute Resolution Costs may be refunded in some cases according to the provisions of VTIAC.