Hanoi, Dec. 11 -- The National Assembly (NA) passed the Law on Recovery and Bankruptcy, the law amending and supplementing several articles of the Law on Value-Added Tax, and another law introducing changes to various articles in 15 different laws related to agriculture and the environment. Approved with 425 votes (or 89.85% of total deputies), the Law on Recovery and Bankruptcy, comprising 88 articles and effective from March 1, 2026, sets out principles, procedures and jurisdiction for handling recovery and bankruptcy cases involving enterprises and cooperatives, along with the rights and duties of relevant organisations and individuals. Its provisions on recovery and simplified recovery procedures do not apply to credit institutions, i...