Question: Our company has held an Extraordinary General Meeting of Shareholders to approve amendments to the Enterprise Registration Certificate and an increase in charter capital. Can this meeting be considered the Annual General Meeting of Shareholders? If not, is the company required to hold an additional Annual General Meeting of Shareholders?   Answer:   Under […]

  Question 3: Is a Joint Stock Company Required to Have a Board of Supervisors? Question I am planning to establish a joint stock company. Under the current regulations, is a joint stock company required to establish a Board of Supervisors? If the company does not establish a Board of Supervisors, will this constitute a […]

Question What procedures must an enterprise follow when terminating employment contracts with employees due to changes in organizational structure, technology, or economic reasons?   Answer Pursuant to Article 42 of the Labor Code 2019, an enterprise may terminate employment contracts with employees in cases of changes in organizational structure, technology, or for economic reasons. However, […]

Our company frequently has a need for employees to work overtime. I would like to know how overtime pay is calculated? Can an employer require employees to work overtime, and what is the maximum permissible overtime working time?   Answer:   Pursuant to Article 98 of the 2019 Labor Code, employees working overtime are entitled […]

Question Our company currently applies a two-month probationary period to all positions, including administrative staff, security guards, and janitorial personnel. Is this practice compliant with Vietnamese labor law? If the probationary period exceeds the statutory limit, can the company be subject to administrative penalties? Answer Under Article 25 of the 2019 Labor Code, the probationary […]