According to Article 74.1 of the Law on Enterprise, a single-member limited liability company (“SMLLC”) is an enterprise owned by a single organization or individual. The owner’s liability for the company’s debts and other liabilities shall equal the company’s charter capital. SMLLC must not issue shares, but the company may...

According to Article 46.1 of the Law on Enterprise, A multi-member Limited Liability Company is an enterprise that has from two to fifty members that are organizations and individuals. A member’s liability for the enterprise’s debts and other liabilities shall be equal to the amount of capital that the member...

Article 24 of the Law on Enterprises in Vietnam prescribes the guidelines that companies must observe while formulating their charter. The company charter assumes a pivotal role as a legal document that outlines the company's organizational structure, roles, and responsibilities. This document encapsulates the original charter presented during the registration...

In 2022, nearly 27.72 billion USD of foreign investment will enter Vietnam

Da Nang is in the middle of the country, 759km from Hanoi and 960km from Ho Chi Minh City, located on the North-South traffic axis by road (National Highway 1A), railway, sea, and air; It borders Thua Thien-Hue to the north, Quang Nam province to the south and west, and...

With the major percentage of the population in Viet Nam being under 30 years old, opening the pre-school is the ideal project for foreigners investing in Viet Nam. Therefore, we would like to provide a basic guide for those who would like to establish a preschool in Viet Nam in...

Opening an English Language Center is the best idea for foreigners who would like to start a business in Viet Nam. With the requirements of the integration of Viet Nam these days, English is now becoming the compulsory subject for students from the ages of 10, and all Vietnamese students...

Under the corporation legislation, the forms of company in Viet Nam are the Limited Liability Company, Joint Stock Co, and Partnership Company. Which, the Limited Liability Company and Joint Stock Company are two common types in Viet Nam and foreign investors also choose these kinds to set up a company...

DECREE 96/2016/ND-CP: PROVIDING FOR SECURITY AND ORDER CONDITIONS FOR A NUMBER OF CONDITIONAL BUSINESS SECTORS

Da Nang is the socio-economic center of the Central and Highlands Regions and an important gateway connecting the South and the North. Da Nang is oriented to become the financial center of Vietnam and Asia by 2030. Therefore, there are large enterprises and banks opening in this city and create...