1. OVERVIEW ON PRIVATE TRUSTEES IN VIET NAM
PhD. Trần Văn Hà
Deputy Director
LLM. Phan Thị Thu Hà
Legal Examiner
Department of legal affairs and research administration
Supreme People’s Court of Vietnam

2. Banckruptcy Law on 15/6/2004 Effective date: 01/01/2005 (Old Law)
Banckruptcy Law No. 51/2014/QH13 on 19/6/2014 Effective date: 01/01/2015 (New Law)
Banckruptcy Law on 15/6/2004 Effective date: 01/01/2005 (Old Law)
TS. Tô Văn Hòa

3. Insolvency administrators (private trustees)
Pratice the property management and liquidation during the process of bankruptcy settlement
Insolvency administrators
(private trustees)
Property management and liquidation enterprise

4. Be granted with an Insolvency administrator’s certificate
Lawyers
People who are a bachelor of law, economics; accounting; finance; banking and have 05 years of experience or more in their fields of training
Auditors

5. Rights and obligations
Administrate the properties, supervise the business operation, and liquidate properties of the insolvent enterprises and cooperatives
Act as legal representatives of the enterprises or cooperatives in case no legal representatives of the enterprises or cooperatives exist
Report on the status of properties, debts, and operations of the enterprises or cooperatives, participate in the development of plans for business restoration of the insolvent enterprises or cooperatives
Request the Judge to conduct some activities
Be entitled to receive remuneration
Report on the performance of their powers and duties duties

6. Statistics 199 trustees registered practicing officers
1274 trustees have been issued certificates
199 trustees registered practicing officers
28 property management and liquidation enterprises registered

7. Statistics at the Court
636 insolvency cases (3 years)
271 Decisions to commence insolvency procedures
45 Decisions of insolvency declaration in 2017