The Revised Law on Asset Auctions 2024: A Significant Step Forward in Vietnam’s Asset Management and Judicial Auctions

Vietnam has made substantial progress in refining its legal framework to meet growing demands for transparency, efficiency, and fairness in asset management. The Revised Law on Asset Auctions 2024, effective from January 1, 2025, represents a major advancement in enhancing regulations to ensure that auctions are conducted transparently, fairly, and effectively. This article examines the key highlights of the new law, with a focus on its impact on judicial auctions in Vietnam. Expanding the Scope of Asset Auctions The Revised Law on Asset Au…