The 2020 Investment Law in Vietnam outlines a range of support measures aimed at encouraging investment and boosting economic development. These include various forms of financial, technical, and infrastructural support for specific industries, as well as special incentives for projects with significant socio-economic impact. 1. Forms of investment support Pursuant to Clause 1, Article 18 […]
Investment incentives in Vietnam are designed to encourage investment in sectors and regions that align with the country’s development priorities. These incentives, ranging from tax reductions to exemptions on land use, aim to drive economic restructuring and support growth in key industries like high-tech, agriculture, and environmental protection. This article outlines the forms, eligible sectors, […]
A sole proprietorship is a business model where one individual owns and fully controls the operations, assuming complete responsibility for its debts and activities. This type of business is governed by the 2020 Enterprise Law in Vietnam, which outlines its unique characteristics, such as unlimited liability and non-separation of business and personal assets. 1. What […]
Dissolving an enterprise involves terminating its legal status, including its rights and obligations. Whether voluntary or compulsory, the dissolution process follows specific procedures and requirements outlined by the law, depending on the type of business and its situation. What is the Dissolution of Enterprises? The dissolution of an enterprise refers to the process of ending […]
Transforming a sole proprietorship into another business form can be an essential step for growth, better alignment with the business’s development, or compliance with legal requirements. This article outlines the different types of business transformation available for sole proprietors, including the necessary conditions, procedures, and documentation for each transformation. 1. What is a Sole Proprietorship? […]
What is a Joint-Stock Company? A joint-stock company is a business association that combines the structure of a corporation with the flexibility and freedoms of a limited liability company. The shareholders buy and sell shares and own a portion of the company – in accordance with the amount they have invested. Each investor will takes […]