Debt Trading Contracts in Vietnam: Legal Framework and Best Practices?

 In Vietnam’s evolving socio-economic landscape, debt trading contracts have become increasingly significant. Recognizing debts as tradeable commodities, the legal system in Vietnam allows for the transfer of debt through debt trading contracts. However, for these debt trading contracts to be legally binding and effective in enforcing rights and obligations, it’s imperative to understand and adhere to specific provisions governing debt trading contracts in Vietnam.Understanding the Right to Enter into Debt Trading Contracts in VietnamIn Vietnam,...

Read More

2 Stages of Debt Recovery Litigation Procedures in Vietnam

 In the operation of the enterprises, the arising of bad debts could be unavoidable. However, in order to be able to file lawsuit and collect debts and minimize bad debts in practice, there are still many difficulties.Currently, the debt recovery litigation procedures according to the provisions of the law still encounter many challenges and shortcomings, while enterprises need more effective solutions to recover debts fully and quickly in order to ensure revenue and financial balance for enterprise. Hence, as business owners, why not...

Read More

Debt Collection Practices in Vietnam: Navigating Legal Complexities

 During the course and development of any enterprise, encountering bad debts is an inevitable challenge. However, the reality of debt collection practices in Vietnam reveals various difficulties and inefficiencies.While businesses seek more efficient strategies, the current debt collection practices in Vietnam are riddled with legal complications and inadequacies. It’s crucial for businesses to find effective solutions for rapid and complete debt recovery to maintain financial stability and revenue.In Vietnam, navigating through the legal...

Read More

10 Critical Facts About Tax Filing Deadlines in Vietnam Every Foreign Business Owner Must Know

 Are You Missing Tax Filing Deadlines in Vietnam? Imagine your business is thriving in Vietnam, profits are growing, and you’re scaling operations. Then, a notification from the tax authority arrives, a penalty for missing a filing deadline.What seemed like a minor oversight has lead into fines, operational disruptions, and a tarnished reputation. Tax filing deadlines in Vietnam are non-negotiable. Each missed deadline not only invites financial penalties but also raises red flags with authorities, potentially exposing your business...

Read More