Consultation on Electronic Identification (VNeID) for Enterprises

Question: What risks might my company face if we do not complete the VNeID electronic identification process? Answer:  ccording to Clause 4, Article 40 of Decree No. 69/2024/NĐ-CP issued by the Government, starting from July 1, 2025, all organizations and enterprises will be required to log in to the Electronic Tax System and online public […]

Consultation on the Annual General Meeting of Shareholders

Question: Our company held an extraordinary general meeting of shareholders to amend the business registration certificate and increase charter capital. Can this meeting be considered the annual general meeting of shareholders? If not, are we still required to hold a separate annual general meeting? Answer: The meeting mentioned above cannot be regarded as the annual […]

Consultation on Company Labor Regulations

Question: My company currently has 22 employees under official labor contracts and participating in social insurance. However, we have not yet established internal labor regulations. What potential risks could the company face in this case? Answer: According to Article 119 of the 2019 Labor Code, any employer with 10 or more employees is required to […]

Consultation on the Organizational Structure of a Joint Stock Company

Question: My company is a joint stock company established for two years. Currently, we have not established a Supervisory Board. What potential risks might our company face? Answer: According to Article 137 of the Law on Enterprises, a joint stock company may choose one of the following two models for its management and operation structure: […]

PROCEDURE FOR CHANGING THE ENTERPRISES’S BENEFICIAL OWNERS

I am the legal representative of XYZ Limited Liability Company, which has a charter capital of VND 10 billion, consisting of three capital-contributing members: Mr. A contributing VND 5 billion (50%), Ms. B contributing VND 3 billion (30%), and Mr. C contributing VND 2 billion (20%). When the company was registered, it declared Mr. A […]