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 […]

Electronic Investment Applications with Digital Signatures Required from September 3, 2025

Question: I recently heard that Decree No. 239/2025/ND-CP introduces a new regulation requiring investors to submit electronic dossiers when carrying out investment procedures. What does this regulation specifically provide? Answer: From September 3, 2025, Decree No. 239/2025/ND-CP officially takes effect, amending and supplementing certain provisions of Decree No. 31/2021/ND-CP guiding the implementation of the Law […]

Conversion of a Business Household into a Single-Member LLC

Question: I am currently selling clothes online, with a monthly revenue of about 150 million VND. I also frequently collaborate with KOLs and sell on e-commerce platforms. Recently, a partner has required me to issue VAT  invoices. I am registered as a business household, so it seems I am unable to issue this type of […]

Consultation on the Conversion of Enterprise Type

Question: My company is a single-member limited liability company. My company wants to convert into a joint stock company but cannot mobilize additional individuals to contribute capital to the company. I would like to ask, can my company implement the conversion using another method? Answer:  Clause 2, Article 202 of the Law on Enterprises 2020 […]

Consultation on the Issuance of Collective Labor Agreements and Regulations on Salary, Bonuses, and Allowances

Question: Our enterprise is wondering whether it is mandatory to issue regulations on salary, bonuses, allowances, and a Collective Labor Agreement. If we do not implement these regulations, what legal risks might we face? Answer: Regarding the Collective Labor Agreement: Clause 1, Article 75 of the 2019 Labor Code stipulates: “A collective labor agreement is […]

ELECTRICITY, GAS, STREAM

Vietnam is endowed with abundant natural energy resources, including crude oil, coal, hydropower, goethermics, bio-enery and solar energy, and nuclear energy is planned for the

Read More

CONSTRUCTION & ARCHITECTURE

The need for infrastructure development of an emerging economy has driven up the demand in the construction market over the last two decades, especially in

Read More

OPEN BUSINESS ENVIRONMENT

By adopting Economic and Politic reforms called 'Doi Moi' and 'renovation', from one of the poorest country with per capita income around USD100 in 1986,

Read More

NATURAL RESOURCE

Since it began offshore oil exploration in the 1970s, Vietnam has become a net exporter of crude oil, while gas and petroleum reserves, coal reserves,

Read More

SUPPORTIVE GOVERNMENT POLICY

Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong

Read More

ECONOMIC STRENGTH

Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector.

Read More

TAXATION & CUSTOMS

D.1 Corporate Income Tax (CIT) CIT rates One uniform income tax regime is applied to both foreign-owned and domestic companies.  Taxpayers are subject to tax

Read More

FDI INCENTIVES

What are forms of investment incentives? Investment incentives are provided in the following forms: 1.1. lower tax rates for whole duration of investment term or

Read More