[EN] Law on Recovery and Bankruptcy 2025: When will businesses be restored, when will bankruptcy be granted?

Vietnam Corporate Governance · Jul 6, 2026 · 8m

The Law on Recovery and Bankruptcy 2025 was passed at the 10th National Assembly session and will take effect from March 1, 2026, not only completing the legal framework in handling businesses in impasse and crisis, but will also feature new principles: prioritizing production recovery, business glasses of enterprises in order to create conditions for enterprises to "return" to the market when they are still able. This is the first time in legislative history that Vietnam has established the procedure for restoring business activities as an independent institution, which is relatively fully…