New standards for members of the Board of Directors of Vietnam Debt and Asset Trading Corporation

According to this Circular, the criteria and conditions for members of the Members' Council of Vietnam Debt and Asset Trading Corporation are prescribed as follows:

- Be a Vietnamese citizen and permanently reside in Vietnam.

- University degree or higher majoring in economics, finance, business administration.

- Having at least 3 years of experience in business administration or in the field, industry or profession of Vietnam Debt and Asset Trading Corporation (this regulation is currently not available).

- Having good health, good moral character, honesty, integrity, understanding the law and having a sense of law observance.

- Not being subject to no right to establish and manage an enterprise in Vietnam according to Clause 2, Article 17 of the Law on Enterprise 2020.

- Not being a family member of the head or deputy head of the owner's representative agency; members of the Members' Council; The director, deputy director or general director, deputy general director and chief accountant of the company; Company controller.

- Not a member enterprise manager.

- Except for the Chairman of the Members' Council, other members of the Members' Council may concurrently be the Director or General Director of that company or another company that is not a member enterprise under the decision of the agency representing the owner.

- Having never been dismissed from the position of the Chairman of the Members' Council, member of the Members' Council or the company's president, director, deputy director or general director, deputy general director of a state-owned enterprise in Vietnam.

Circular 42/2021/TT-BTC takes effect from July 20, 2021 and replaces Circular 135/2015/TT-BTC.

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