📋 Tender Overview
Deputy Prime Minister Ho Quoc Dung signed Decision No. 163/QD-TTg assigning the lead agency to draft documents detailing the implementation of the Law on Rehabilitation and Bankruptcy and organizing the implementation of the Law on Specialized Courts at the International Financial Center. These are two laws passed by the 15th National Assembly at its 10th Session. Regarding the Law on Rehabilitation and Bankruptcy, the Deputy Prime Minister assigned the Ministry of Justice to preside and coordinate with the Supreme Peoples Court and relevant Ministries and branches to draft a Decree detailing a number of articles and measures to implement the Law on Rehabilitation and Bankruptcy on Asset Management and asset management and liquidation practice (Clause 2, Article 9, Article 21) and the Decree detailing a number of Articles and measures to implement the Law on Rehabilitation and Bankruptcy on implementing decisions declaring enterprises and cooperatives bankrupt (Article 76, Article 77). The State Bank of Vietnam presides and coordinates with the Supreme Peoples Court and relevant Ministries and branches to draft a Decree detailing a number of articles of the Law on Rehabilitation and Bankruptcy on handling of secured assets of enterprises and cooperatives, beneficial payment or clearing, and temporary suspension or suspension of effective contracts. force, offsetting obligations in cases where the law has other provisions (Clause 2, Article 27, Clause 3, Article 40, Point c, Clause 1, Article 49, Clause 1, Article 53). The Ministry of Finance presides over and coordinates with the Supreme Peoples Court and relevant Ministries and branches to draft a Decree detailing a number of articles of the Law on Rehabilitation and Bankruptcy on changing the legal representative of state-owned enterprises after the Court accepts the application to apply. use restorative procedures; operation and supervision of enterprise activities; cooperatives after having a decision to open bankruptcy procedures (Article 30, Article 40, Clause 5, Article 42). The above documents must be submitted to the Government before February 15, 2026. The Deputy Prime Minister allows the application of shortened order and procedures for the above documents. Ministries and ministerial-level agencies organize the drafting of detailed regulatory documents to ensure the quality and progress of promulgating detailed regulatory documents that take effect concurrently with the Law or internal regulations. detailed regulations; proactively review, develop and promulgate according to authority or submit to competent authorities to promulgate documents to amend, supplement, replace or annul relevant legal documents; Announce all or part of the document detailing and stipulating specific measures to organize and guide the implementation of legal documents that continue to take effect according to the provisions of Clause 2, Article 57 of the Law on Promulgation of Legal Documents No. 64/2025/QH15 amended and supplemented by Law No. 87/2025/QH15 to ensure timely and effective implementation of the Law on Rehabilitation and Bankruptcy. For Law on Specialized Courts at the International Financial Center, the Deputy Prime Minister requested the Ministry of Justice to coordinate with the Supreme Peoples Court and relevant ministries and ministerial-level agencies to organize the implementation of the Law on Specialized Courts at the International Financial Center; Based on practical implementation and state management requirements, proactively research, report and propose to the Government to consider developing and promulgating documents detailing and guiding the implementation of the Law on Specialized Courts at the International Financial Center in cases where content falls under the Governments authority. - Law on Rehabilitation and Bankruptcy No. 142/2025/QH15 takes effect from March 1, 2026. The Law includes 08 chapters, with 88 Articles regulating principles, order, and procedures for resolving cases of recovery and bankruptcy of enterprises, cooperatives, and unions of cooperatives; Duties and powers of the person conducting recovery or bankruptcy procedures; rights and obligations of participants in recovery and bankruptcy procedures. - Law on Specialized Courts at the International Financial Center No. 150/2025/QH15 takes effect from January 1, 2026. The law includes 5 chapters and 44 articles regulating tasks and powers; organizational apparatus; jurisdiction, order, and proceedings; enforce judgments and decisions; Judges, Court Clerks, representatives of the parties; ensure the operation of the Specialized Court at the International Financial Center. 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