In the economic internationalization of the modern world, trade is the most prominent sector. In order for countries around the world to become economically connected and develop their own economies, trade markets are flourishing through trade agreeme...
In the economic internationalization of the modern world, trade is the most prominent sector. In order for countries around the world to become economically connected and develop their own economies, trade markets are flourishing through trade agreements between countries. In this trade market, there are many conflicts that arise as a characteristic of international contracts for the sale of goods. Contracts for the sale of international goods are transactions between parties with different scopes of the law, and the characteristics of various laws that apply to the conclusion of the transaction make it difficult to solve the problem. The way to solve this problem is the CISG (United Nations Convention on Contracts for the International Sale of Goods) Vienna Convention, which reflects the characteristics of the International sale of goods.
The CISG is the most successful international convention on the law of contracts for the international sale of goods, to which 95 contracting states including Vietnam, the United States, China and the Republic of Korea are signatories. The purpose of this study is to find out the differences between the CISG and Vietnamese Law, to offer points of attention and solutions to minimize conflicts between the parties.
In the conclusion and performance of contracts for the international sale of goods, when one party fundamentally violates its contractual obligations, the other party has the right to cancel the contract and claim compensation for damages. The study focuses on analyzing, comparing relevant provisions and analyzing practical case law on fundamental violations in the CISG and Vietnamese Law to identify deficiencies in the provisions on fundamental violations of Vietnamese Law. From there, some notes are given to Vietnamese enterprises in negotiating, entering into and settling disputes over contracts for international sale of goods. Through research, the basic violation points out different provisions in the contract, loopholes in relevant laws of Vietnam to promote the development of Vietnam's foreign trade.