1. Is an employee allowed to work for two companies at the same time? Article 19 of the 2019 Labor Code provides as follows: Multiple employment contracts Accordingly, employees are legally permitted to work for two companies at the same time, provided that they fully comply with the obligations and commitments under each employment contract. […]
1. Persons entitled to establish an enterprise All organizations and individuals have the right to establish and manage enterprises in Vietnam in accordance with the Law on Enterprises No. 59/2020/QH14 (2020). However, exceptions apply to cases prohibited from establishing enterprises as stipulated in Clause 2, Article 17 of the Law on Enterprises 2020. 1.1. Individual […]
1. Categories of accounting documents subject to archival Accounting documents required to be archived include: 2. Retention periods for accounting documents Minimum retention period of 5 years: Accounting documents used for internal management and administration purposes of the accounting unit, which are not used as a basis for tax declaration and calculation and are not […]
1. What is a Foreign-Invested Economic Organization? Pursuant to Clause 22, Article 3 of the Law on Investment 2020, a foreign-invested economic organization means an economic organization having a foreign investor as a member or shareholder. Furthermore, the definition of a foreign-invested economic organization remains unchanged under Clause 22, Article 3 of the Law on […]
1. Is the owner of a single-member limited liability company legally entitled to transfer all or part of its charter capital to another limited liability company? Pursuant to Articles 76 and 77 of the Law on Enterprises 2020 regarding the transfer of charter capital of a single-member limited liability company: Article 76. Rights of the […]
1. What is an Investment Project? Pursuant to Clause 4, Article 3 of the Law on Investment 2020, an investment project means a set of proposals for medium-term or long-term capital contribution in order to carry out investment and business activities within a specified geographical area and for a definite duration. Under Clauses 5, 6 […]