Procedures For Changing The Legal Representative
Our company is a multiple-member limited liability company and is now planning to carry out the procedures to change its legal representative. Please advise what documents need to be prepared, the steps to be taken, the order of procedures, and the statutory processing time under current regulations. Answer: At the request of the Client, we […]
Identification Of Beneficial Owner For A Single-Member Limited Liability Company
I intend to establish a Single-Member Limited Liability Company, in which I will be the sole owner holding 100% of the charter capital and directly managing the company’s operations. Under the new regulations on enterprise registration, enterprises are required to record information on their beneficial owner(s). In my case, how will the beneficial owner be […]
Identification Of Beneficial Owner: Criteria Applicable To Joint Stock Companies
I am a shareholder of a joint stock company with a charter capital of VND 500,000,000, divided into 500,000 common shares. Accordingly, the total number of voting shares of the Company is 500,000. The specific ownership structure is as follows: Mr. A holds 200,000 common shares; Mr. B holds 200,000 common shares; and Mr. C […]
Consultation on Choosing an Appropriate Investment Cooperation Structure for Initial Partnership with a Foreign Partner
Question: Our company has many years of experience in the field of X and has established a certain brand in the market. We now wish to cooperate with a foreign partner to open a business establishment in the same field. However, as this is our first cooperation, we are concerned that the two parties may […]
Consultation on Salary Components and Applicable Contribution Rates
Question: Our company would like to understand the current provisions of Vietnamese law regarding the components constituting wages and the mandatory contribution rates applicable to employers and employees, including: social insurance, health insurance, unemployment insurance, and other compulsory insurance schemes. Please specify the contribution rates for each party and the applicable legal basis. Answer […]
Consultation on Reimbursement of Vocational Training Costs When the Employment Contract Is Not Renewed
Question: I signed a vocational training agreement with the company, which included a commitment to work for the company for a certain period after completing the training. However, upon completion of the training course, the company informed me that it would not continue to sign an employment contract with me. In this case, am I […]
Consultation on Signing a Non-Compete Agreement After Termination of Employment
Question: Our company intends to require employees to sign a commitment stating that, after the termination of their employment contract, they will not work for any enterprise operating in the same industry or any direct competitor of the company for a specified period of time. Does current Vietnamese law permit such an agreement, and if […]
Consultation on conditional business sectors for foreign investors
Question: Our company is a wholly foreign-owned enterprise and is currently planning to cooperate with a Vietnamese company to jointly invest in and operate a nursing home providing elderly care services. May I ask whether the current laws of Vietnam allow foreign companies to participate in this field? Answer: According to Appendix I on the […]
Consultation on determining an employment contract
Question: I and Company A signed a Personal Service Contract in 2023. After the contract came into effect, I worked for Company A, received salary, and had insurance contributions during the entire time under the supervision and management of Company A. At the beginning of 2025, the Company dismissed me on the grounds that I […]