Introduction

The purpose of this article is to investigate to what extent Vietnam has protected foreign investors' legitimate expectations. It also finds out some limits on the protection of legitimate expectations under Vietnam's legal system that needs to be addressed. To this end, Part I of this article argues that the protection of legitimate expectations, frequently invoked by investors, has become a key element of the fair and equitable standard under international investment arbitration. This Part discusses the rise of legitimate expectations under fair and equitable treatment ...