REGULATIONS ON DECLARATION OF BENEFICIAL OWNERS ACCORDING TO DECREE

1. Criteria for determining the beneficial owner of an enterprise - The individual directly or indirectly owns at least 25% of the charter capital or 25% of the total voting shares of the enterprise. Indirect ownership is understood as the situation where an individual holds such proportion through another organization, meaning that the individual does […]

THE LEGALITY OF PREMATURELY TERMINATING A LABOR CONTRACT DUE TO “LACK OF NEED”

My husband is a sales employee at Company B. He signed two (02) fixed-term labor contracts, each for a 02-year term, commencing on 01 March 2020. The second contract expired on 29 February 2024. However, he continued to work normally after that date without signing a new contract. On 10 October 2025, the company suddenly […]

Consultation on Social Insurance Contributions for Employees

Question: Our company’s working days are from Monday to Friday. We have an employee who will resign on February 17, 2025. In February, this employee worked full-time. I would like to ask whether the company is required to pay social insurance for this employee?  Answer: According to the provisions of Article 42 of the Procedure […]

Consultation on the Basis for Social Insurance Contributions and Benefits

Question: According to Decree No. 158/2024/ND-CP, from July 1, 2025, the State will abolish the base salary and replace it with a reference salary as the basis for calculating and receiving social insurance (SI). However, from July until now, we have still been applying mandatory SI contribution rates according to the current regulation, specifically: the […]

CONDITIONS, DOSSIER, AND PROCEDURES FOR DISSOLUTION OF A SINGLE-MEMBER LIMITED LIABILITY COMPANY

Question: I am currently the owner of a single-member limited liability company (LLC). Due to financial difficulties, I wish to dissolve my company. What conditions must be satisfied, who has the authority to decide, and what dossier and procedural steps must be followed? Answer: 1.Conditions for Dissolution of a Single-Member Limited Liability Company A single-member […]

Decree on Non-Cash Payments

Decree on Non-Cash Payments

On May 15, 2024, the Government issued Decree No. 52/2024/NĐ-CP, which regulates non-cash payments. The key provisions of the Decree are as follows: - Opening

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Adjustment of Petroleum Prices

Adjustment of Petroleum Prices

On May 16, 2024, the Ministry of Industry and Trade issued Circular No. 3250/BCT-TTTN regarding the management of petroleum business operations. The Ministry of Industry

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Official Dispatch 2125/TCT-CS 2024 on value added tax policy.

Value added tax policy

On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs

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