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Law

59/2020/QH14

Enterprise Law No. 59/2020/QH14

Ministry of Finance

Ministry of Finance

Vietnam's central finance ministry: the state budget, taxation, customs, the state treasury, public debt, state reserves, and accounting and pricing policy. In the 2025 reorganisation it absorbed the former Ministry of Planning and Investment, adding national development planning, public investment and statistics.

Document Type
Document Number
Status
Date Effective
Issuing Body
Official Source URL
Law
59/2020/QH14
In effect
01/01/2021
Ministry of Finance
https://phapluat.gov.vn/legal-documents/142847

Summary

Law 59/2020/QH14, the Law on Enterprises (17 June 2020), governs the establishment, management organization, reorganization, dissolution, and related operations of enterprises, namely limited liability companies, joint-stock companies, partnerships, and sole proprietorships, and also addresses groups of companies. It applies to enterprises and to the agencies, organizations, and individuals connected with those activities. Where another law sets specific rules on forming, managing, reorganizing, dissolving, or operating enterprises, that other law applies. The Law's definitions section establishes the key terms used throughout. An enterprise is an organization with its own name, assets, and transaction office, established or registered to do business for profit; a Vietnamese enterprise is one established under Vietnamese law with its head office in Vietnam. A State-owned enterprise…

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