Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Saturday, June 10, 2023
Tags: Law 59/2020/QH14 on Enterprises
Creating a company in Vietnam: an LLC or a JSC? Creating a company in Vietnam: an LLC or a JSC?
Limited liability companies (LLCs) and joint stock companies (JSCs) remain the two forms of companies that are most commonly used in practice in Vietnam. Sometimes, the choice may be difficult for a foreign investor, especially when he/she/it wants to cooperate with a local investor to set up a new company. This article provides an overview of the legal framework relating to LLCs and JSCs and suggests some practical inputs for reflection with respect to this topic.
Company meetings and resolutions at a glance Company meetings and resolutions at a glance
Company meetings constitute an important part of a company’s life. Failure to comply with legal requirements regarding the conduct of meetings may result in resolutions passed during those meetings being set aside[2] and this is in practice a great matter of concern. This article focuses only on meetings of the Members’ Council of multiple-member limited liability companies (LLCs) and meetings of the General Assembly of Shareholders and Board of Directors of joint-stock companies (JSCs) (or shareholding companies).
Legal framework relating to shares: an overview Legal framework relating to shares: an overview
In contributing capital to a company, the maker of such contribution will acquire shares in it. Those shares are a type of property that can be used in transactions inside the company and with third parties. This article provides an overview of the applicable rules of Vietnamese law relating to shares.
Identifying legal capacity of a branch in civil transactions Identifying legal capacity of a branch in civil transactions
It is not uncommon to see a branch participating in daily business activities independently. However, although the Civil Code[1] and the Law on Enterprises[2] contain regulations supporting such activities by a branch, inconsistency in terms of the general principles under the law gives rise to a basic question of how to logically and accurately identify the legal capacity of a branch in civil transactions.

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