Our collection of resources based on what we have learned on the ground
How should debts be resolved when a Vietnamese business is to close down?
Q&AA 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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