{"id":6046,"date":"2026-03-02T21:13:55","date_gmt":"2026-03-03T04:13:55","guid":{"rendered":"https:\/\/phasangiaithe.man.net.vn\/?p=6046"},"modified":"2026-03-02T21:16:59","modified_gmt":"2026-03-03T04:16:59","slug":"quy-trinh-due-diligence-giai-the-pha-san","status":"publish","type":"post","link":"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/","title":{"rendered":"Due Diligence Process for Business Dissolution and Bankruptcy"},"content":{"rendered":"<p><span style=\"color: #000000;\">Due Diligence serves as a crucial legal shield when businesses face dissolution or bankruptcy. This article provides a detailed due diligence framework that closely follows the latest legal changes effective from the beginning of 2026.<\/span><\/p>\n<figure id=\"attachment_6048\" aria-describedby=\"caption-attachment-6048\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6048\" src=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026.jpg\" alt=\"Quy tr\u00ecnh Due Diligence gi\u1ea3i th\u1ec3 v\u00e0 ph\u00e1 s\u1ea3n doanh nghi\u1ec7p 2026\" width=\"1200\" height=\"675\" srcset=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026.jpg 1200w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026-300x169.jpg 300w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026-1024x576.jpg 1024w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026-768x432.jpg 768w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-due-diligence-2026-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6048\" class=\"wp-caption-text\">Due Diligence Process for Business Dissolution and Bankruptcy 2026<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Due_Diligence_la_gi\" >What is Due Diligence?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Tong_quan_ve_tham_dinh_trong_boi_canh_dac_biet\" >Overview of appraisal in a special context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Xac_dinh_trang_thai_phap_ly_cua_doanh_nghiep_muc_tieu\" >Determine the legal status of the target business.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Tham_dinh_chuyen_sau_cho_truong_hop_giai_the_doanh_nghiep\" >In-depth assessment for business dissolution cases.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Dieu_kien_va_nang_luc_phap_ly_de_giai_the\" >Conditions and legal capacity for dissolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Kiem_tra_trinh_tu_uu_tien_thanh_toan_no\" >Check the debt payment priority order.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Cac_dau_hieu_rui_ro_va_hanh_vi_bi_nghiem_cam\" >Risk indicators and prohibited behaviors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Tham_dinh_trong_quy_trinh_phuc_hoi_va_pha_san_doanh_nghiep\" >Assessment in the business recovery and bankruptcy process.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Giam_sat_cac_giao_dich_sau_khi_toa_an_thu_ly_don\" >Monitoring transactions after the court accepts the application.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Danh_gia_rui_ro_ve_cac_giao_dich_vo_hieu\" >Assessing the risks of void transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Phan_tich_thu_tu_phan_chia_tai_san_thuc_te\" >Analyzing the actual order of asset distribution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Tham_dinh_nghia_vu_thue_va_ho_so_ke_toan_chuyen_sau\" >In-depth assessment of tax obligations and accounting records.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Danh_muc_ho_so_va_mau_bao_cao_tham_dinh_can_thiet\" >List of necessary documents and assessment report templates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Trach_nhiem_va_han_che_cua_nguoi_quan_ly_doanh_nghiep\" >Responsibilities and limitations of business managers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Dich_vu_tham_dinh_va_giai_the_tai_Master_Accountant_Network\" >Assessment and dissolution services at Master Accountant Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/quy-trinh-due-diligence-giai-the-pha-san\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Due_Diligence_la_gi\"><\/span><span style=\"color: #000000;\">What is Due Diligence?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Due Diligence, also known as in-depth due diligence, is the process of comprehensively investigating, reviewing, and analyzing a business or transaction before deciding to sign a contract or carry out important legal procedures. This term originates from the legal and financial fields, aiming to ensure that all parties involved have complete and necessary information, thereby accurately assessing the risks and true value of the subject.<\/span><\/p>\n<p><span style=\"color: #000000;\">In corporate governance, a standard due diligence process typically includes examining the following key aspects:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Legal due diligence aims to examine compliance with legal regulations and identify existing or potential risks of disputes.<\/span><\/li>\n<li><span style=\"color: #000000;\">Financial due diligence aims to verify the accuracy of figures in financial reports, cash flows, and undisclosed debt obligations.<\/span><\/li>\n<li><span style=\"color: #000000;\">Operations and personnel audits aim to assess the effectiveness of the organizational structure, corporate culture, and commitments to employee rights.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tong_quan_ve_tham_dinh_trong_boi_canh_dac_biet\"><\/span><span style=\"color: #000000;\">Overview of appraisal in a special context<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">The concept of due diligence at the end of a business&#039;s lifecycle differs significantly from typical mergers and acquisitions. Instead of seeking growth value or competitive advantage, the central focus of due diligence at this stage is to accurately determine debt obligations, manage the risk of transaction invalidation, and protect the legal rights of creditors and stakeholders. In the context of a volatile economy in 2026, transparent due diligence helps parties avoid protracted legal disputes and the risks of personal liability for business managers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Xac_dinh_trang_thai_phap_ly_cua_doanh_nghiep_muc_tieu\"><\/span><span style=\"color: #000000;\">Determine the legal status of the target business.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Before delving into the detailed steps, the Due Diligence specialist needs to accurately determine the legal status of the business within the national regulatory system. Confusing a normally operating business with one under special monitoring can lead to serious errors in valuation and risk assessment.<\/span><\/p>\n<p><span style=\"color: #000000;\">To accurately determine this status, experts need to perform the following specialized procedures:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Check the status on the National Business Registration Database as prescribed.<a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-168-2025-ND-CP-dang-ky-doanh-nghiep-623074.aspx\" target=\"_blank\" rel=\"noopener\"> Decree 168\/2025\/ND-CP<\/a> Effective from July 1, 2025.<\/span><\/li>\n<li><span style=\"color: #000000;\">Categorize the specific legal status of a business, such as undergoing dissolution procedures, undergoing bankruptcy procedures, or having ceased to exist.<\/span><\/li>\n<li><span style=\"color: #000000;\">Compare internal records with court documents and tax authority documents to identify discrepancies that could lead to legal risks after the transaction.<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><span style=\"color: #000000;\">Table of common legal statuses of businesses on the national registration system in 2026<\/span><\/caption>\n<tbody>\n<tr>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Legal status<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Actual identifying characteristics<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Consequences for Due Diligence<\/span><\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">In the process of dissolution.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">A resolution\/decision to dissolve has been sent to the business registration authority.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Focus on reviewing asset liquidation records and verifying tax debts.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Currently undergoing bankruptcy proceedings.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">The court has issued a decision to accept the application for initiating bankruptcy proceedings.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Closely monitor transactions restricted under the Bankruptcy and Recovery Act.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Dissolved or bankrupt<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">The name has been removed from the business registry and a public announcement has been made.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Review archived records and legal liabilities after termination of existence.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000000;\">Please note that information on the national portal may have a certain time lag compared to the actual documents generated at the business; therefore, direct comparison with original documents from the Court and business registration authority is a mandatory principle in the Due Diligence process.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tham_dinh_chuyen_sau_cho_truong_hop_giai_the_doanh_nghiep\"><\/span><span style=\"color: #000000;\">In-depth assessment for business dissolution cases.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Business dissolution is a process that requires a company to ensure it has the financial capacity to fulfill all its debt obligations before officially closing down. A thorough due diligence process will help stakeholders determine whether the company is intentionally concealing potential debts or other financial obligations.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dieu_kien_va_nang_luc_phap_ly_de_giai_the\"><\/span><span style=\"color: #000000;\">Conditions and legal capacity for dissolution<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">During this phase, Due Diligence needs to focus on reviewing the following key legal elements:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Checking compliance with Article 207 <a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Luat-Doanh-nghiep-so-59-2020-QH14-427301.aspx\" target=\"_blank\" rel=\"noopener\">Enterprise Law 2020<\/a> and the amendments and supplements in Law No. 76\/2025\/QH15, effective from July 1, 2025.<\/span><\/li>\n<li><span style=\"color: #000000;\">The core verification condition is that the business must ensure that all debts and financial obligations are fully paid and that it is not involved in any ongoing disputes in judicial bodies such as courts or arbitration as stipulated in Clause 2 of Article 207.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Kiem_tra_trinh_tu_uu_tien_thanh_toan_no\"><\/span><span style=\"color: #000000;\">Check the debt payment priority order.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">Debt payments during the liquidation process cannot be made arbitrarily but must adhere to a strict order as stipulated by corporate law. Experts conducting Due Diligence need to review the list of creditors based on the following priority order:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Wage arrears, severance pay, social insurance contributions as required by law, and other employee benefits.<\/span><\/li>\n<li><span style=\"color: #000000;\">Tax obligations and other payments due to the state budget are governed by the Law on Tax Administration.<\/span><\/li>\n<li><span style=\"color: #000000;\">The remaining unsecured debts are then divided among the owners after all debt obligations have been fulfilled.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_6049\" aria-describedby=\"caption-attachment-6049\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6049\" src=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence.jpg\" alt=\"Tr\u00ecnh t\u1ef1 thanh to\u00e1n n\u1ee3 trong quy tr\u00ecnh Due Diligence\" width=\"1200\" height=\"675\" srcset=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence.jpg 1200w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence-300x169.jpg 300w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence-1024x576.jpg 1024w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence-768x432.jpg 768w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/thanh-toan-no-trong-due-diligence-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6049\" class=\"wp-caption-text\">The sequence of debt payments in the Due Diligence process.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Cac_dau_hieu_rui_ro_va_hanh_vi_bi_nghiem_cam\"><\/span><span style=\"color: #000000;\">Risk indicators and prohibited behaviors<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">A crucial part of Due Diligence is the early detection of fraudulent or misappropriation of assets by managers. Experts should pay particular attention to the following behaviors:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Review transactions since the dissolution decision to detect any concealment, disposal of assets, or abandonment of debt claims as per Article 211 of the 2020 Enterprise Law.<\/span><\/li>\n<li><span style=\"color: #000000;\">Risk assessment from signing new contracts is not intended to directly contribute to the dissolution of the target business.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tham_dinh_trong_quy_trinh_phuc_hoi_va_pha_san_doanh_nghiep\"><\/span><span style=\"color: #000000;\">Assessment in the business recovery and bankruptcy process.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">From March 1st, 2026, bankruptcy-related activities must strictly comply with the Bankruptcy and Recovery Law No. 142\/2025\/QH15. This is the latest legal document completely replacing the old law; therefore, due diligence needs to be conducted based on these latest regulations to ensure accuracy.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giam_sat_cac_giao_dich_sau_khi_toa_an_thu_ly_don\"><\/span><span style=\"color: #000000;\">Monitoring transactions after the court accepts the application.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">After the court issues a notice of acceptance of the bankruptcy petition, the business will have its autonomy in asset management restricted. Due Diligence needs to perform supervision:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Check the list of restricted or absolutely prohibited acts in Articles 31 and 42 of the Bankruptcy and Recovery Law 2025.<\/span><\/li>\n<li><span style=\"color: #000000;\">Particular attention should be paid to the risk of legal invalidity for unsecured debt payments made immediately before the court accepts the case.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Danh_gia_rui_ro_ve_cac_giao_dich_vo_hieu\"><\/span><span style=\"color: #000000;\">Assessing the risks of void transactions<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">A void transaction is the biggest legal risk for parties who have transacted with a business before a bankruptcy decision. A professional Due Diligence process requires:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Review the entire transaction history within the 6 months prior to the date the court issues the decision to open bankruptcy proceedings, as stipulated in Article 49 of the Bankruptcy and Rehabilitation Law 2025.<\/span><\/li>\n<li><span style=\"color: #000000;\">For transactions involving related parties, the Due Diligence assessment period needs to be extended to 18 months to control the risk of asset dissipation.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Phan_tich_thu_tu_phan_chia_tai_san_thuc_te\"><\/span><span style=\"color: #000000;\">Analyzing the actual order of asset distribution<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">When a business is declared bankrupt, the distribution of assets will be organized and carried out by the Receiver and the Civil Enforcement agency. Due Diligence needs to focus on analyzing:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Simulating the actual cash flow based on the order in Article 46 of the Bankruptcy and Recovery Law 2025: bankruptcy costs are given top priority, followed by wage debts, and finally tax obligations.<\/span><\/li>\n<li><span style=\"color: #000000;\">Determine the expected rate of return for different groups of creditors based on a realistic assessment of the company&#039;s remaining asset value.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tham_dinh_nghia_vu_thue_va_ho_so_ke_toan_chuyen_sau\"><\/span><span style=\"color: #000000;\">In-depth assessment of tax obligations and accounting records.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Tax obligations are often the biggest obstacle that can stall the dissolution process. Experts conducting a Due Diligence audit should perform the following checks:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Verify and confirm the tax debt status of the target enterprise in accordance with the provisions of Article 67 of the 2019 Tax Administration Law.<\/span><\/li>\n<li><span style=\"color: #000000;\">Verify the legality of closing the accounting books, conducting asset inventory, and preparing financial statements at the time of cessation of operations in accordance with Article 48 of the Accounting Law 2015.<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><span style=\"color: #000000;\">Table of key tax and accounting documentation types in Due Diligence 2026<\/span><\/caption>\n<tbody>\n<tr>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Type of accounting record<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Inspection objectives<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"color: #000000;\">Applicable legal basis<\/span><\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Tax settlement notification<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Confirmation that all tax obligations have been fulfilled up to the time of assessment.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Tax Administration Law 2019<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Final financial statements<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Determine the actual cash balance, inventory, and accounts payable.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Accounting Law 2015<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Inventory record<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Compare the physical presence of the asset with the records.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"color: #000000;\">Decree 168\/2025\/ND-CP<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000000;\">The absence of any confirmation documents from the tax authorities in Due Diligence can lead to unforeseen legal and financial risks.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Danh_muc_ho_so_va_mau_bao_cao_tham_dinh_can_thiet\"><\/span><span style=\"color: #000000;\">List of necessary documents and assessment report templates<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">To create a complete and highly useful Due Diligence report, experts need to gather the following key documents:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">The legal documents include the dissolution resolution, the court&#039;s notice of acceptance, the decision to initiate bankruptcy proceedings, and the list of creditors.<\/span><\/li>\n<li><span style=\"color: #000000;\">The financial documentation includes asset liquidation reports, independent valuation contracts, and bank statements verifying debt payments.<\/span><\/li>\n<li><span style=\"color: #000000;\">The group of labor records includes minutes of social insurance debt settlement and employee benefit settlement documents.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_6047\" aria-describedby=\"caption-attachment-6047\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6047\" src=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau.jpg\" alt=\"M\u1eabu b\u00e1o c\u00e1o Due Diligence chuy\u00ean nghi\u1ec7p n\u0103m 2026\" width=\"1200\" height=\"675\" srcset=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau.jpg 1200w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau-300x169.jpg 300w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau-1024x576.jpg 1024w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau-768x432.jpg 768w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/03\/bao-cao-due-diligence-mau-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6047\" class=\"wp-caption-text\">Professional Due Diligence Report Template 2026<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Trach_nhiem_va_han_che_cua_nguoi_quan_ly_doanh_nghiep\"><\/span><span style=\"color: #000000;\">Responsibilities and limitations of business managers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">A comprehensive due diligence process cannot overlook assessing the personal qualifications and responsibilities of the target company&#039;s executives.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Assessing cases where individuals are restricted from holding office or establishing new businesses after bankruptcy, in accordance with Article 84 of the Bankruptcy and Recovery Law 2025.<\/span><\/li>\n<li><span style=\"color: #000000;\">Assess the risks of personal liability for managers when serious financial losses result from mismanagement during a period of financial hardship.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Dich_vu_tham_dinh_va_giai_the_tai_Master_Accountant_Network\"><\/span><span style=\"color: #000000;\">Assessment and dissolution services at Master Accountant Network<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">To ensure a rigorous risk control process and compliance with the latest regulations of the Bankruptcy and Recovery Act 2025, many businesses have opted for support from professional consulting firms. MAN \u2013 Master Accountant Network is a leading network of experts providing comprehensive solutions in accounting, tax, and corporate legal services.<\/span><\/p>\n<p><span style=\"color: #000000;\">The team of experts at MAN not only reviews documents but also directly supports clients through practical solutions. You can learn more about our capabilities and in-depth processes at [link\/website]. <a style=\"color: #000000;\" title=\"null\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/ma-mua-ban-doanh-nghiep\/due-diligence-tham-dinh\/\">Due Diligence is a comprehensive assessment by MAN.<\/a>. With a thorough understanding of the Vietnamese legal system, MAN is committed to providing clients with complete peace of mind in mergers, acquisitions, or business dissolution transactions.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><span style=\"color: #000000;\">Conclude<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Conducting Due Diligence professionally in the context of business dissolution and bankruptcy in 2026 requires a deep understanding and continuous updating of the latest legal regulations. Adhering to legal checklists and thoroughly reviewing financial records not only helps protect the legitimate interests of all parties but also contributes to the transparency of the mergers, acquisitions, and liquidation market.<\/span><\/p>\n<p><span style=\"color: #000000;\">If you require in-depth due diligence or assistance with safe dissolution or bankruptcy procedures, contact MAN today for advice from leading experts. For any questions or support requests, please visit [website address]. <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" title=\"null\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/lien-he\/\">Contact Master Accountant Network<\/a><\/span> To receive the quickest response.<\/span><\/p>\n<p><strong>Contact information for Man \u2013 Master Accountant Network<\/strong><\/p>\n<ul>\n<li><strong>Address:<\/strong>\u00a0No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/li>\n<li><strong>Mobile\/Zalo:<\/strong>\u00a00903 963 163 \u2013 0903 428 622<\/li>\n<li><strong>E-mail:<\/strong>\u00a0man@man.net.vn<\/li>\n<\/ul>\n<p>Content is moderated by:\u00a0<a title=\"null\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener\"><strong>Mr. Le Hoang Tuyen<\/strong><\/a>\u00a0\u2013 Founder &amp; CEO of Man,\u00a0<strong>CPA Vietnam Auditors<\/strong>\u00a0With over 30 years of experience in accounting, auditing, and financial consulting...<\/p>","protected":false},"excerpt":{"rendered":"<p>Due Diligence \u0111\u00f3ng vai tr\u00f2 l\u00e0 l\u00e1 ch\u1eafn ph\u00e1p l\u00fd quan tr\u1ecdng khi doanh nghi\u1ec7p \u0111\u1ee9ng tr\u01b0\u1edbc quy\u1ebft \u0111\u1ecbnh gi\u1ea3i th\u1ec3 ho\u1eb7c ph\u00e1 s\u1ea3n. B\u00e0i vi\u1ebft n\u00e0y cung c\u1ea5p khung th\u1ea9m \u0111\u1ecbnh chi ti\u1ebft b\u00e1m s\u00e1t c\u00e1c thay \u0111\u1ed5i ph\u00e1p l\u00fd m\u1edbi nh\u1ea5t c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb \u0111\u1ea7u n\u0103m 2026. Due Diligence l\u00e0 g\u00ec? Due [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,13,20,12],"tags":[],"class_list":["post-6046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-kien-thuc-pha-san","category-tin-tuc-cap-nhat","category-trung-tam-kien-thuc-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=6046"}],"version-history":[{"count":3,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6046\/revisions"}],"predecessor-version":[{"id":6052,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6046\/revisions\/6052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media\/6048"}],"wp:attachment":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=6046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=6046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=6046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}