1.       Representative offices or branches shall terminate their operation in the following cases:

a)       It is so requested by foreign traders and approved by competent agencies;

b)       Foreign traders terminate their operation under laws of countries where such traders have been established or made business registrations;

c)       Foreign traders do not apply for extension of representative office or branch establishment permits upon the expiration of operation duration stated therein;

d)       The permit-granting agencies refuse to extend representative office or branch establishment permits upon the expiration of operation duration stated therein;

e)       Representative office or branch establishment permits are withdrawn.

2.       At least 30 days before the planned date of termination of operation of their representative offices or branches under the provisions, foreign traders shall have to send notices on operation termination to the permit-granting agencies, creditors and employees of such representative offices or branches, and persons with related rights, obligations and interests. Such a notice must clearly state the planned date of termination of operation of the representative office or branch and be publicly posted up at the head office of such representative office or branch and published on three consecutive issues of a printed or online newspaper licensed in Vietnam.

3.       Within 15 days after decisions on refusal to extend representative office or branch establishment permits or decisions on withdrawal of such permits are issued in accordance, the permit-granting agencies shall have to publish on three consecutive issues of a printed or online newspaper the termination of operation of such representative offices or branches and clearly state the date of such operation termination.

4.       Within 15 days after foreign traders and their representative offices or branches fulfill the obligations specified, the permit-granting agencies shall have to delete the names of such representative offices or branches from the registers.

5.       Within 15 days after the deletion of branches’ names, the Trade Ministry shall have to notify the termination of operation of such branches to the People’s Committees, Trade Services, tax offices, statistical offices and police departments of provinces or cities where the branches’ head offices are located.

6.       Within 15 days after the deletion of representative offices’ names, the provincial/municipal Trade Services shall have to notify the termination of operation of such representative offices to the Trade Ministry, the People’s Committees, tax offices, statistical offices and police departments of provinces or cities where the representative offices’ head offices are located.