Is it permissible for persons, who is not expunged criminal record in Vietnam, to practice financial management in Vietnam?

Is it permissible for persons, who is not expunged criminal record in Vietnam, to practice financial management in Vietnam?

Pursuant to Article 14 of the Law on Bankruptcy in 2014 stipulating individuals prohibited from practicing financial management as follows:

1. Officials and civil servants; military officers, professional soldiers and military workers who are working in the offices and bases of the People’s Army; professional commissioned and non-commissioned officers who are working in the offices and units affiliated to the Police Authorities.

2. An individuals who faces a criminal prosecution; who is convicted and not expunged criminal record; who is incurring administrative penalty of putting into a reform school or a rehabilitation center.

3. An individual who is incapable of civil acts.

As regulations above, persons, who is not expunged criminal record in Vietnam, is not permissible to practice financial management in Vietnam.

What are requirements for working as a asset management officer in Vietnam?

Pursuant to Article 12 of the Law on Bankruptcy in 2014 stipulating requirements for working as a asset management officer in Vietnam as follows:

1. The following individuals are eligible for being issued practice certificates of asset management officer:

a) A lawyer;

b) An auditor;

c) A person having a bachelor degree in law, economy, accountancy or bank and 05 years of experience or more in his/her field.

2. 2. Requirements for working as a asset management officer:

a) Be capable of civil acts;

b) Have ethical qualities, sense of responsibility, integrity and objectivity;

c) Have practice certificate of asset management officer.

3. The Government shall regulate the issuance of practice certificates of asset management officer and State management of asset management officers.

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