ENTERPRISE LAW

Update news ENTERPRISE LAW

In order to address current issues in investment and manufacturing activities in Vietnam, the National Assembly is now considering the project ‘One Law to Amend 8 Laws’ in its extraordinary session from January 4-11, 2022.

Legal standing increased with enterprise law

As the new Law on Enterprises comes with comprehensive adjustments to the issuance of shares, preferential rights for existing shareholders, and simplifies participation of foreign players in the market, 

Goal of 1 million businesses still far away

The plan to develop household businesses into normal businesses has not succeeded. The goal of having 1 million businesses in the country by the end of 2020 will not be met.

NA excludes household businesses from Enterprise Law

The National Assembly (NA) approved the revised Enterprise Law at its ongoing ninth sitting this morning, June 17, which excludes household businesses.

An enterprise law fit for the next 20 years

The Law on Enterprises is seeking to open up business prospects for companies wishing to get involved in Vietnam’s future growth, ironing out limitations along the way. 

Law revisions open doors for business

With fresh changes made by the National Assembly in the investment and enterprises laws, businesses are expected to benefit more from new improvements in the business climate.

Vietnam to ‘pull down wall which hinders business development’

VietNamNet Bridge - Under the Investment Law, there are seven prohibited business fields and 243 conditional business fields. 

Businesses’ fear of failure stifles startup culture

VietNamNet Bridge - The high ‘fear-of-failure’ is a challenge that affects entrepreneurs in Vietnam, despite the efforts by the government to improve the business environment. 

Decree No 96 clarifies Enterprise Law provisions

VietNamNet Bridge – Decree No 96/2015/ND-CP, issued by the Government on October 19, 2015, regulates provisions of the Enterprise Law, such as those concerning enterprise seals and cross-ownership in enterprises.

Businesses are disappointed about promised reform

VietNamNet Bridge - Tens of thousands of businesses have become disillusioned about the breakthrough they expected the 2014 Enterprise Law would bring. At the same time, business registration agencies have become overloaded.

Implementation of laws slows as guiding documents not released

VietNamNet Bridge - While many laws still lack legal documents guiding the laws’ implementation, other legal documents misinterpreted the spirit of the laws. 

Businesses confused about new regulations in Vietnam

The business registration division of the HCM City Planning and Investment Department has been overloaded for several days answering questions about new procedures to set up new businesses under the amended Enterprise and Investment Laws.

Firms confused about new business regulations

 VietNamNet Bridge – The number of people and firms seeking advice about business startups at the HCMC Department of Planning and Investment has surged since the amended enterprise and investment laws took effect on July 1.

Businesses may face criminal prosecution for causing serious consequences to society

VietNamNet Bridge - Business behavior that causes serious consequences to society may face criminal prosecution as lawmakers are considering adding an article to the amended criminal law they are drafting.

New laws likely to see FDI spike

 VietNamNet Bridge – Foreign direct investment could sharply jump in the second half of this year, after the amended Investment Law and Enterprise Law take effect in July 2015.

Deputy Minister wants Uber suspended

VietNamNet Bridge – Deputy Minister of Information and Communications Truong Minh Tuan said the operation of Uber taxi service is not aligned with Vietnam’s regulations and that he supports a proposal

New laws to create breakthroughs for entrepreneurship

 The National Assembly on November 26 passed two revised business laws, namely the Enterprise Law and the Investment Law, which are expected to create breakthroughs in nurturing the entrepreneurship.

Businesses “lubricate” civil authorities with bribes

In order to create one dong of profit, businesses have to pay VND0.7-1 for “under-the-table fees”.

BUSINESS IN BRIEF 31/7

 Rice prices surge to one-year highs; Casino prizes may now be paid in foreign currencies; Contractors start work on underground part of Metro Line No. 1; VND30-trillion urban area to go up at Saigon Newport site

Vietnam to make banned business sectors known soon

The Government is expected to publish a list of prohibited and conditional business sectors to facilitate implementation of the Enterprise Law whose amendments and supplements will be passed at the ongoing NA session.