In international sales law, there is a long period of time that lacked unification, standardization, and harmonization among the laws and rules applied by various states for international trade. The introduction and adoption of the United Nations Convention on Contracts for the International Sale of Goods (CISG) 1980 played a vital role to bring in a platform for the international sales law, by unifying the rules governing the contracts for international sales of good, which influenced not only the international sales law but also the domestic sales law.
As can be seen, in the context of integration, from January 1, 2017, the CISG Convention 1980 came into effect in Vietnam, regulating international trade relations between Vietnam and member countries. Vietnam's international commodity trading activity has been integrating more and more deeply with the world. Vietnam's international trading activities in recent years have grown strongly. Therefore, according to the World Trade Organization (WTO) ranking, Vietnam's exports of goods increased from position 50th in 2007 to position 26th in 2016. Meanwhile, the imports of goods also increased from 41st position in 2007 to 25th position in 2016.
In addition to the development of Vietnam trading activities, in fact, there has been a remarkable increase in business and commercial disputes. The field of these disputes is also very diverse, including goods, services, and also investment...Up to now, there are more than 60 countries and territories with enterprises disputing with Vietnamese enterprises settled at Vietnam International Arbitration Centre - VIAC. The number of commercial disputes resolved by Courts also increased by about 20% each year. From the practice of buying and selling international goods of Vietnamese enterprises, when foreign partners violate contracts and generate damages, Vietnamese enterprises have to face up with many difficulties in claiming damages.
This thesis will clarify the role of the CISG in international trade of goods, and especially for the application of compensation provisions. Then, by comparison with Vietnamese law, making suitable recommendations to adjust the appropriate law for the mechanism of compensation when participate in international trade relations.