NO&T Asia Legal Review
New Law on Enterprises of Vietnam (the “2020 LOE”) which has recently approved by The National Assembly of Vietnam on 17 June 2020 is slated to come into effect from 1 January 2021. Here are some notable points of the 2020 LOE in comparison with Law on Enterprises 2014 (the “2014 LOE”), mainly focusing on amendment regarding the most commonly used types of enterprise which are limited liability company (“LLC”) and joint stock company (“JSC”).
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