Stage 1: Receiving demand of consultancy on business dissolution

After receiving information of clients, we start studying and confirm clients’ demands. In this stage, Viethangroup’s professional division can work with clients via phone, email or meet directly to exchange relevant content.

Stage 2: Consulting and signing contract

After confirming clients’ demand, Viethangroup’s professional division analyzes and evaluates contents necessary for the deploy  and demand description set-up. In this step, we will appoint experienced experts who is also in charge of meeting clients directly to consult.

After mutually obtaining the unanimous content of work and the charge for service, two parties will sign the contract.

1. Holding the member Council / shareholders conference to adopt minutes of meeting and making decision on business dissolution.

Decision of dissolution must contain mainly the followings:

§    The name, address of the enterprise’s head office;

§    The reason for dissolution;

§    The time limit, procedures for contract liquidation and payment of debt of the enterprise; deadline for debt payment; the  liquidation of the contract is  within six months from the date of adopting decision of dissolution;

§    Options to settle the obligations arising from the employment contract;

§    The full name, signature of legal representative of business, the Chairman of member council / Chairman of Board of Directors.

Note: Making minutes is not required for private enterprises and one-member limited company owned by individual but a decision of business dissolution is necessary.

2. Sending decision of dissolution to agencies, organizations, and individuals involved

§ Within seven working days from the date of adoption, the decision of dissolution  must be sent to the business registration office, all the creditors, who have rights, obligations and benefits related, employees in business and it must be posted publicly at the head office and branches of business.

The dissolution decision must be sent to creditors enclosed with  the announcement  of resolution for debt payment. It must include the name and address of the creditor; amount in debt, time-limit, location, method of debts payment, mode and time-limit to resolve complaints of creditors.

§ The debts of the business would be paid as the following order:

- Salary debts, resignation allowance, social insurance conforming to  regulation of law and other rights of employees under the signed  employment contracts and collective labor agreement;

- Unpaid tax and other debts.

After enterprise pays all debts and business dissolution costs, the rest belongs to members / shareholders of the company.

3. Putting an advertisement of dissolution in the newspaper

After  making dissolution decision, enterprises should put an advertisement in the local paper or in the daily Central newspaper for 3 successive publications including:

§     Company name;

§     Trade name

§     Abbreviated name;

§     The head office of enterprise;

§     Business professions;

§     Legal representative;

§     The reason for dissolution;

Results: receiving 3 successive publications of business dissolution announcement.

4. Liquidating the assets of enterprises

§ The owner of private enterprises, the members council or the company proprietor, and  Board of Directors directly hold the liquidation of business assets, except a separated liquidation team is required as regulated in  charter of company.

After liquidating  assets, the assets liquidation team has to make the minutes of business assets liquidation. Contents of minutes  should be included:

-     Time and place for  assets liquidation taken place;

-    Establishing the team of liquidation;

-     Assets of the enterprise;

-     Method of tackling assets;

-     The debt of the enterprise;

5. Expediting procedures of tax code close

§                Enterprises expedite procedures for tax balance drawing at the local tax office.

§                Applying to have the statements of no debts of import- export tax confirmed by Customs

§                After completing  procedures at the local tax office and obtaining the confirmation of  no debts of import- export tax Customs Office, enterprises expedite  procedures to tax code closed at tax bureau

§                Results: Obtaining notification of tax code closed of enterprises.

6. Expediting procedures for bank statement of account close.

§                If enterprises have an account at bank, procedures for account close must be done. After closing the account, enterprises expedite procedures of confirmation.

§                If enterprises have no bank account, a commitment of unavailable bank account must be done

7. expediting procedures of seal cancellation and registered seal sample certificate return

Immediately after obtaining confirmation of completing tax procedures from tax office, enterprises send  a written proposal canceling the seal to the administrative police office for the attention  of social order division (where enterprises expedited procedures of seal-engraving) and return the certificate of registered seal sample.

8. Expediting procedures in returning the certificate of business registration.

Within 7 working days from the date of ending the business dissolution and payment for debts of enterprises, the legal representative of enterprise would send business dissolution record to business registration office.

Results received is the announcement of business registration agency on canceling company name in the business registration book.

For more detailed information of service fee, please contact us via email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it