Luat Doanh Nghiep Vietnam

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|THE PRESIDENT OF THE SOCIALIST REPUBLIC OF VIETNAM | |SOCIALIST REPUBLIC OF VIET NAM | |No: 60/2005/QH11 | |Independence - Freedom - Happiness | | | |Ha Noi, day 29 month 11 year 2005                           | | | |ENTERPRISE LAW | |Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10| |of December 25, 2001, of the Xth National Assembly, the 10th session; | |This Law provides for enterprises. | |Chapter I | |GENERAL PROVISIONS | |Article 1.- Scope of regulation | |This Law provides for the establishment, management organization and operation of limited liability companies, joint-stock companies, | |partnerships and private enterprises (hereinafter referred collectively to as enterprises) of all economic sectors; and groups of companies.| |Article 2.- Subjects of application | |1. Enterprises of all economic sectors. | |2. Organizations and individuals involved in the establishment, management organization and operation of enterprises. | |Article 3.- Application of the Enterprise Law, treaties and relevant laws | |1. The establishment, management organization and operation of enterprises of all economic sectors shall comply with the provisions of this | |Law and other relevant laws. | |2. In specific cases where the establishment, management organization and operation of enterprises are provided for in other laws, the | |provisions of those laws shall apply. | |3. Where treaties to which the Socialist Republic of Vietnam is a contracting party contain provisions different from those of this Law, the| |provisions of such treaties shall apply. | |Article 4.- Interpretation of terms | |In this Law, the following terms shall be construed as follows: | |1. Enterprise means an economic organization that has its own name, assets, stable transaction office and has been lawfully registered for | |the purpose of conducting business. | |2. Business means the continuous implementation of one, several or all of stages of an investment process, from the production to the sale...
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