With its accession to the United Nations Convention on Contracts for the International Sale of Goods (CISG), Viet Nam becomes the eighty-fourth State Party to the Convention. The Convention will enter into force on 1 January 2017.

The CISG provides an equitable and modern uniform framework for the contract of sale, which is the backbone of international trade in all countries, irrespective of their legal tradition or level of economic development. Its adoption and use may contribute significantly to introducing certainty in commercial exchanges and decreasing transaction costs.

For more information, please visit: http://www.unis.unvienna.org/unis/en/pressrels/2015/unisl226.html