Viet Nam

Viet Nam

Viet Nam revised the Law on Enterprises

26 Nov 2014

On 26 November 2014, the National Assembly of Viet Nam passed the revised Law on Enterprises which, inter alia, simplifies the procedures for business registration, shortens the timeframe to issue an Enterprise Registration Certification, and limits the timeframe for capital contribution to 90 days. It also requires foreign investors to make all transactions through accounts opened at a bank in Vietnam. The law has come into effect on 1 July 2015.