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).

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.

Compared with its previous versions, the 2020 Enterprise Law contains breakthrough changes, aiming to build a legal framework on corporate governance up to good and common practices in the region and the world; boost the development of businesses, attract capital for production and business activities; and contribute to improving Vietnam’s business environment to the level of ASEAN-4 countries.

Joint-stock companies transformed from public non-business units would enjoy incentives like newly established businesses, according to a draft decree prepared by the Ministry of Finance.

Detailing a number of articles of the Law on Enterprises

The new law on bankruptcy is much better drafted than the existing one and rather favours the winding up of insolvent companies than the rescue culture.

The question, addressed by this article, considers what form of security a creditor may take over shares in a Vietnamese company and how it can enforce the security. This question is rather complex, and this article can do no more than sketch the outlines. It should be also noted that marketable securities such as shares of public companies may be pledged in compliance with specific regulations. 

The process of comprehensively reforming Vietnam’s centrally planned economy into a socialist-oriented market economy officially started in 1996 with the VIth National Party Congress’s Resolution recognizing citizens’ ownership of capital and lawful assets as well as their right to business freedom. After nearly 30 years of development after the new model, Vietnam has become a fast-growing economy with significant social improvements and crucial changes in business activities.