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Law on Bankruptcy

New law defines bankruptcy proceedings

New law defines bankruptcy proceedings

After 10 years from the issuance of the 2004 bankruptcy law, a new Law on Bankruptcy (the Bankruptcy Law) was passed on June 19, 2014, by the 13th National Assembly with bankruptcy proceedings separated into the two concepts - insolvency and bankruptcy.
Central bank to keep close eye on banking sector restructuring

Central bank to keep close eye on banking sector restructuring

The State Bank of Viet Nam''s Governor, Nguyen Van Binh, has said that he would continue monitoring credit institutions in the coming months.
Legislators seek to include banks in national bankruptcy legislation

Legislators seek to include banks in national bankruptcy legislation

Viet Nam is moving to legalise bankruptcy for credit institutions, which is seen as a step in creating a more transparent and healthy money system.