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AMENDMENT TO LAW ON ENTERPRISES (Vietnam)

NO&T Asia Legal Review

Author
Nga Tran
Publisher
Nagashima Ohno & Tsunematsu
Journal /
Book
NO&T Asia Legal Review No.28 (October, 2020)
Reference
Practice Areas
*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

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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