Suspending or Dissolving a Company in Vietnam

Not every venture continues. Vietnamese law provides orderly routes to temporarily suspend or permanently dissolve a company, each with tax and creditor obligations that foreign owners should plan for.

Temporary suspension

A company may suspend business for a defined period by notifying the business-registration authority in advance. Suspension pauses operations but does not end the entity; certain obligations continue, and the company must observe the notice requirements.

Dissolution

Voluntary dissolution ends the entity. The process typically involves a dissolution decision, settling debts and obligations (including tax finalisation and closing the tax code), notifying creditors and employees, returning the seal where applicable, and de-registering. Only after obligations are cleared is the company removed from the register.

Plan the exit

For foreign-invested companies, dissolution also involves closing the investment project and the capital account, and remitting remaining capital abroad in compliance with foreign-exchange rules. Poorly managed exits can leave lingering tax exposure, so plan the sequence carefully.

Frequently asked questions

Can I pause a company instead of closing it?

Yes — temporary suspension is possible with advance notice to the authority; the entity survives.

What is the hardest part of dissolution?

Usually tax finalisation and settling obligations before de-registration.

Anything extra for foreign-invested companies?

Closing the investment project and capital account and remitting remaining capital under foreign-exchange rules.

How LTV Law helps

LTV Law manages suspension and dissolution, including tax finalisation and capital repatriation, for foreign owners. Contact our team.

This article is for general information only and does not constitute legal advice.