The UN Convention on International Sales Goods (CISG), which supports the businesses of its 80 member countries, will take effect in Vietnam on January 1, 2017.
Nguyen Thi Thu Trang, Director of the WTO Centre of the Vietnam Chamber of Commerce and Industry said that Vietnam aims to boost exports through the convention.
Vietnam’s import-export activities have been rising and international goods sales amount to a large number.Businesses can use the CSIG without trade negotiations, she added.
Vietnam joined CSIG in December 2015 and most of Vietnam’s major trade partners are members of the convention. Expenses in contract negotiations will be saved when it takes effect.