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Vietnam’s New Law on Rehabilitation and Bankruptcy: Aligning the Insolvency Framework with International Practice

2026-02-12
Vietnam’s 2025 Law on Rehabilitation and Bankruptcy fundamentally reshapes the country’s insolvency framework, introducing a debtor-led rehabilitation regime that emphasizes early intervention, court supervision, and structured creditor participation. Vietnam has enacted a comprehensive overhaul of its insolvency framework through the Law on Rehabilitation and Bankruptcy No. 142/2025/QH15 (RBL 2025), which will take effect on March 1, 2026.
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