In Vietnam Is it permissible for parents to manage property of their minor children?
In Vietnam Is it permissible for parents to manage property of their minor children? In Vietnam: In which cases may property of minor children be disposed?
My daughter is 14 years old this year. She is practicing her online business. She has also earned some money from this job. As her parent, do I have the right to manage her own property? In which cases may property of minor children be disposed?
Thank you!
In Vietnam Is it permissible for parents to manage property of their minor children?
Pursuant to Article 75 of the Law on Marriage and Family in 2014 stipulating children’s right to have their own property as follows:
1. Children have the right to have their own property which includes property separately inherited by or given to them, incomes from their work, yields and profits arising from their own property and other lawful incomes. Property created from children’s own property is also their own property.
2. If they have incomes, children who are full 15 years or older and live with their parents have the obligation to attend to the family’s common life and make contributions to meeting the family’s essential needs.
3. Adult children have the obligation to contribute their incomes to meeting the family’s essential needs according to Clause 4, Article 70 of this Law.
As regulations above, children who are full 15 years or older have the right to have their own property. In your case, your daughter is under 15, you may manage her own property and give her back when she is full 15 years.
In Vietnam: In which cases may property of minor children be disposed?
Pursuant to Article 77 of the Law on Marriage and Family in 2014 stipulating disposition of property of minor children or adult children who have lost their civil act capacity as follows:
1. Parents or guardians who manage under-15 children’s own property have the right to dispose of such property in the interests of the children and shall take into account the children’s desire if they are full 9 years or older.
2. Children aged between full 15 and under 18 have the right to dispose of their own property other than real estate, movable assets with registered ownership and use rights or property used for business activities the disposal of which is subject to written consent of their parents or guardians.
3. Guardians of adult children who have lost their civil act capacity may dispose of the latter’s own property.
As regulations above, if your daughter is full 9 years or older, you shall take into account her desire before managing her peroperty.
Best regards!
