National laws: The contracting parties may agree to apply Vietnamese laws or foreign laws to their foreign trade contract provided that foreign laws are not inconsistent with Vietnamese laws or where an international treaty to which Vietnam is a signatory provides for the application of such foreign laws. The agreement to apply foreign laws may be included right in the contract, or supplemented after the conclusion of contract or during the execution of contract or even after the occurrence of disputes.

If a foreign trade contract does not refer to a particular governing law, Vietnamese laws governing foreign trade (including the Trade Law and other relevant laws such as the Civil Code, the Ordinance on Economic Contracts etc.) shall apply in case the dispute is settled by a Vietnamese court.