Our collection of resources based on what we have learned on the ground
Can a Vietnamese company be closed by bankruptcy?
Q&AYes. But there are prescribed venues for the application of bankruptcy, and consequently the dissolution.The venues are:
- The provincial-level People’s Court is responsible for handling bankruptcy application of companies that operate under the Laws of Enterprises; whilst
- The People’s Court in the location of the enterprise’s head office is responsible for handling the bankruptcy application for a foreign invested enterprise.
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