Laws in Vietnam

  Enterprises of different corporate types have difference in managerial mechanisms in which Board of Members (BM), General Meeting of Shareholders (GMS) and Board of Directors (BD) always play very important roles. This article aims to analyze 2 basic differences in terms of their legal status and decision-making rights.   BM in LLCs, partnerships GSM in JSCs BD in JSCs Multiple-member LLCs Single-member LLCs Partnerships Legal status The supreme governing body of the company Designated by the company’s owner, perform the owner’s rights and obligations in the owner’s name; perform the company’s rights and obligations in the company’s name, except the rights and obligations of the Director/General Director; take responsibility to the law and the owner for his/her performance. Like those in single-member LLCs. Consist of all voting shareholders and is the s...

  Decree No. 31/2021/ND-CP, providing instructions for implementation of the 2020 Law on Investment in effect as of March 26, 2021, Contains the Appendix listing several services and activities subject to restrictions on foreign enterprises’ investment. Below is this list: 1. Trading goods and services on the list of commercial State monopolies.   2. Press and information gathering activities in any form.   3. Fishing or fishery production.   4. Investigation and security services.   5. Judicial administration services, including judicial expertise service, bailiff service, property auction service, public notary service, estate guardian service.   6. Sending employees to work abroad under employment contracts.   7. Investment in the construction of cemeteries and graveyards for transfer of rights to use land associated with their infrastructure   8. Household garbage collection service.   9. Public opinion polling (public su...

  Sticking car decals is a usual need of the car owner. However, if the car owner wishes to stick a decal in different color than the original one and the decal covers a large part of the car body, can that owner be granted reissued inspection certificate for his/her car? In fact, this is an easy question. According to regulations laid down in the Circular No. 70/2015/TT-BGTVT , inspection certificates (register certificates) will become invalid in the following cases:   - Motor vehicles have already obtained new inspection certificates and stickers.   - Already receiving loss declarations from car owners   - Already receiving recall notices from register units   - Motor vehicles are involved in any accident to the extent that they fail to meet prescribed quality, technical and environmental safety requirements.     - Actual technical parameters of cars are not consistent with those shown on inspection certificates.   Whenever car driv...