Conducting arbitration through PIAC offers distinct benefits

1. Procedures: The procedures for arbitration at PIAC are agreed mutually by the parties. PIAC's Rules of Arbitration provide simple, flexible and comprehensive procedures.

2. Time saving: Confidentiality is secured and disputes expeditiously resolved.

3. Cost: Efficient cost saving with reasonable schedule of arbitration costs .

4. Appointment of Arbitrators: PIAC maintains two lists of arbitrators list of Domestic Arbitrators and list of Recommended International Arbitrators, both of these lists comprise legal and industry experts in a broad range of subject areas.

5. Friendliness: Readiness to answer all procedural questions of the concerned business; convenience and rapidness in communicating among parties, PIAC and tribunals.

6. Independence: PIAC is totally independent and free from any influence or control.

7. Choice of law and language: Arbitration in Vietnam and under PIAC’s Rules allow freedom in the choice of law to govern their contracts and language in disputes having foreign elements or  disputes in which at least one party is a foreign - invested enterprise.

8. Enforceability of awards: PIAC’s awards are enforceable like judgement of courts in Vietnam and are enforceable in about 150 nations and territories being the members of the New York Convention 1958 on the Recognition and Enforcement of Foreign Arbitral Awards.

9. Administrative services: PIAC provides supports and administrative services which include accommodation for hearings, arranging dates for meetings between the tribunal and the parties and acting as the registry, depository of pleading, documents, and correspondence.