Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms

The EU–Vietnam Investment Protection Agreement (EVIPA), signed by the parties in 2019, represents a significant shift from traditional investment treaties by integrating sustainable development objectives and explicitly recognizing the host state’s regulatory autonomy. The agreement also includes a...

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Main Authors: Dung Tran Viet, Huong Nguyen Thi Lan
Format: Article
Language:English
Published: Sciendo 2025-06-01
Series:TalTech Journal of European Studies
Subjects:
Online Access:https://doi.org/10.2478/bjes-2025-0028
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author Dung Tran Viet
Huong Nguyen Thi Lan
author_facet Dung Tran Viet
Huong Nguyen Thi Lan
author_sort Dung Tran Viet
collection DOAJ
description The EU–Vietnam Investment Protection Agreement (EVIPA), signed by the parties in 2019, represents a significant shift from traditional investment treaties by integrating sustainable development objectives and explicitly recognizing the host state’s regulatory autonomy. The agreement also includes a number of provisions aimed at balancing investor protection with public policy goals. However, concerns persist regarding the clarity and effectiveness of these novel regulations for achieving this balance. The parties to the EVIPA have agreed to introduce a groundbreaking investment dispute settlement mechanism designed to enhance legal stability and clarity in the treaty’s interpretation and implementation. This study underscores the importance of prioritizing these mechanisms while addressing existing limitations in the regulatory framework, particularly concerning the right to regulate and exception clauses.
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spelling doaj-art-7b32da1869134372836db44c3c5ec7dc2025-08-20T03:29:53ZengSciendoTalTech Journal of European Studies2674-46192025-06-0115219321010.2478/bjes-2025-0028Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanismsDung Tran Viet0Huong Nguyen Thi Lan11International Law Faculty, Ho Chi Minh City University of Law1International Law Faculty, Ho Chi Minh City University of LawThe EU–Vietnam Investment Protection Agreement (EVIPA), signed by the parties in 2019, represents a significant shift from traditional investment treaties by integrating sustainable development objectives and explicitly recognizing the host state’s regulatory autonomy. The agreement also includes a number of provisions aimed at balancing investor protection with public policy goals. However, concerns persist regarding the clarity and effectiveness of these novel regulations for achieving this balance. The parties to the EVIPA have agreed to introduce a groundbreaking investment dispute settlement mechanism designed to enhance legal stability and clarity in the treaty’s interpretation and implementation. This study underscores the importance of prioritizing these mechanisms while addressing existing limitations in the regulatory framework, particularly concerning the right to regulate and exception clauses.https://doi.org/10.2478/bjes-2025-0028evipageneral exceptionsiiainvestment court systemisdsright-to-regulate clausesustainable development
spellingShingle Dung Tran Viet
Huong Nguyen Thi Lan
Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
TalTech Journal of European Studies
evipa
general exceptions
iia
investment court system
isds
right-to-regulate clause
sustainable development
title Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
title_full Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
title_fullStr Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
title_full_unstemmed Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
title_short Fostering sustainable development under the EU–Vietnam Investment Protection Agreement: a need for enhancing cooperation through support mechanisms
title_sort fostering sustainable development under the eu vietnam investment protection agreement a need for enhancing cooperation through support mechanisms
topic evipa
general exceptions
iia
investment court system
isds
right-to-regulate clause
sustainable development
url https://doi.org/10.2478/bjes-2025-0028
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AT huongnguyenthilan fosteringsustainabledevelopmentundertheeuvietnaminvestmentprotectionagreementaneedforenhancingcooperationthroughsupportmechanisms