Issue 021121 – Procedures for increasing/decreasing charter capital of a joint-stock company

Dear Valued Clients, Charter capital of a joint-stock company is the total of nominal values of the sold or subscribed shares when a joint-stock company is established. During the company’s operation, the charter capital can be changed, either increased or decreased, depending on the business operations as well as demands of the company. The following article will point out cases of the charter capital amendment and provide instructions to implement…

ISSUE 011121 – Solutions for the enterprise in case the sole legal representative is absent from Vietnam for more than 30 days

Dear Valued Clients, The legal representative of an enterprise is an individual who represents the enterprise to exercise the rights and obligations arising from the transactions. Therefore, the long-term absence of the legal representative will strongly affect the normal operation of the enterprise. In this article, we will outline how to handle in case the legal representative is absent from Vietnam for more than 30 days. I.  OVERVIEW OF THE…

Issue 021021 – The election of titles in joint-stock companies

Dear Valued Clients,  After the establishment, it is vital for businesses to quickly build a key personnel framework. However, at present, many businesses are still confused about the application of legal provisions related to the election of titles in the company. Understanding this, ENT Law LLC would like to send to our valued clients this Legal Article on the procedure for election of titles of the joint-stock company after its…

Issue 011021 – Procedures for transferring capital to foreign investors

Dear Valued Clients, Transfer capital to foreign investors is currently one of the popular business activities. In particular, Vietnam’s opening market policies have attracted many foreign investors to invest in Vietnam. The following article will provide the procedures to receive transferred capital for foreign investors in accordance with current regulations. I. RELEVANT LEGISLATION The following legal documents are referenced in this article: 1. Law on Investment No.61/2020/QH14 dated June 17,…

Issue 040921 – Guideline for applying Vietnam work permit for foreigners

Dear Valued Clients,  Vietnam law allows enterprises, agencies, organizations and individuals to recruit foreign employees to work in managerial, executive, expert and technical positions. ENT Law LLC would like to send to customers the summary of legal information you need to know related to the procedure for granting work permits of foreigners working in Vietnam. I. RELEVANT LEGISLATION The following legal documents are referenced in this article: 1. Labor Code…

Issue 030921 – Procedures for private placement of bonds of a joint stock company

Dear Valued Clients, Bond offering is one of the capital mobilization channels of enterprises besides offering shares, raising equity or borrowing from banks. Within the scope of this article, we would analyze the procedures for the private placement of bonds of a joint stock company as well as comment on this form of capital raising. Relevant legislation The following legal documents are referenced in this article: 1.   Law on…

Issue 020921 – Procedures to register non-government-guaranteed loans

​Dear Valued Clients,  Overseas borrowing is one of the popular activities of enterprises during their business activities. Looking for foreign loans can come from many reasons such as repaying debts, expanding production models, etc. Therefore, enterprises need to firmly grasp the foreign loan procedures so as not to miss any development opportunities. The following article will provide the most basic content related to foreign loan procedures for enterprises. RELEVANT LEGISLATION…

Issue 010921 – Charge over shares of unlisted joint-stock company in Vietnam

INTRODUCTION Dear Clients, The use of shares or contributed capital in an enterprise as collateral is a topic of great interest from shareholders, members of the company as well as related parties. The following article will only focus on providing information about the use of shares of unlisted joint-stock companies as collateral in a charge contract. RELEVANT LEGISLATIONThe following legal documents are referenced in this article: 1.  Civil Code No.91/2015/QH13…

Issue 020821 – Drafting and Updating Internal Labor Regulations

Dear Valued Clients, An internal labor regulation is considered as a legal framework governing the behaviors and activities within an enterprise, and is an important tool in human resource management. As from January 1st, 2021, since the Labor Code 2019 has officially taken effect, the promulgation of internal labor regulations is currently considered as a mandatory obligation of enterprises. In addition, drafting and updating internal labor regulations also experience remarkable changes compared…

Issue 010821 – Electronic Labor Contract

Dear Valued Clients, As the demand for employment is increasing day by day, signing electronic labor contracts attracts a great deal of attention from both enterprises and employees, especially after the Covid-19 outbreak. In Vietnam, although regulations concerning electronic contract have first appeared in the 2005 Law on Electronic Transactions, those rules have been specifically stipulated in the Labor Code till 2019. Accordingly, since 1 January 2021, the date on…

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