From Jan 2026, household businesses may face asset seizure - News Summed Up

From Jan 2026, household businesses may face asset seizure


Decree 296/2025, which governs the enforcement of administrative penalty decisions, will take effect from January 1, 2026, replacing Decree 166/2013. Under the new decree, if shared business assets are insufficient to pay fines, authorities may seize personal property from members of household businesses or families. Expanded scope of asset seizureDecree 296/2025 clarifies the sources from which penalties may be collected and assets seized in cases involving organizations, household businesses, family units, cooperatives, and community groups. For household businesses, family-run operations, or cooperatives, enforcement will first target shared funds and assets. Wage and income deductions allowedThe decree introduces a mechanism for partial wage or income deductions from individuals.


Source: VietNamNet News December 26, 2025 10:28 UTC



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