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How should debts be resolved when a Vietnamese business is to close down?

Q&A

A company will be allowed to dissolve after it ensures to discharge any and all debts and property obligations in certain order.

The company must also set up a meeting to liquidate its assets, and the subsequent meeting minutes should include the following information:

  • The time and place of the meeting;
  • The establishment of a liquidation team;
  • A list of all of the company's assets;
  • The method(s) used to resolve those assets; and
  • The payable amounts that the company actually owes.


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