What is a business household? According to the laws of our country, business households are the contents specified in legal documents and sub-law documents. Business households are specified in Clause 1, Article 79 of Decree No. 01/2021/ND-CP with specific contents as follows: “A business household is established by an individual or household members and is responsible…
Category Archives: Blog
Conditions for listing shares Stipulated in Article 109 of Decree 155/2020/ND-CP, specifically: – Being a joint-stock company with charter capital contributed at the time of listing registration of VND 30 billion or more based on the most recent audited financial statements, and at the same time the capitalization value reaches at least VND 30 billion according to the…
In case of cancellation of the status of a public company Article 8 of Circular 118/2020/TT-BTC stipulates in 04 following cases In case the conditions are not met as a public company after division, consolidation, merger, dissolution or bankruptcy of the enterprise, specifically Public companies shall report and publish information on the reorganization, dissolution or…
Concept of corporate income tax Corporate income tax is a direct tax, levied on taxable income of an enterprise, including income from the production and trading of goods, services and other income as prescribed by law. Cases of corporate income tax exemption and reduction for domestic enterprises Income tax exemption for the income portion of domestic business establishments is…
1. Order and procedures for acquisition of a private company Step 1: Prepare documents about changing the owner of a private business, including: Notice of change of owner of a private enterprise; Notice of change of enterprise registration contents; Contract for transfer of contributed capital; Minutes of liquidation of the transfer contract; A copy of the…
What is corporate income tax? Corporate income tax (CIT) is a type of tax directly collected, levied directly on taxable corporate income. CIT includes incomes of enterprises from the production and trading of goods and services and other incomes as prescribed by law. CIT is calculated on the taxable income of the enterprise after deducting reasonable…
1. What is a place of business? A place of business (also known as a place of work) is the location that a company, shop, business, or organization chooses to conduct its business activities. This is where the company performs the tasks of producing, purchasing goods or services, managing, marketing, and interacting with customers. Choosing a…
Means of information disclosure – The website of the organization that is the subject of information disclosure; – Information disclosure system of the State Securities Commission; – Websites of the Stock Exchange, other means of disclosing information in accordance with the Regulations of the Stock Exchange; – Website of Vietnam Securities Depository and Clearing Corporation; – Other mass media as…
What is a public company? A public company is a joint stock company in 1 of the following 2 cases: The company has contributed charter capital of VND 30 billion or more and has at least 10% of the voting shares held by at least 100 investors who are not major shareholders; The company has successfully conducted an initial…
The corporate governance framework must recognize the rights of stakeholders as stipulated by law or contractual relationship and must encourage active cooperation between the company and stakeholders in creating assets, jobs and financial stability for the business. Ensure the legal rights of parties with related interests The assurance of legal rights of parties with interests related to public companies is…
Founding Council The Enterprise Law 2020 and the Law on Securities 2019 both clearly stipulate the organization of the apparatus, the organization of meetings and votes of the Board of Directors, the General Meeting of Shareholders of joint-stock companies, public joint-stock companies, and these provisions are concretized in the charter of that joint-stock company. Therefore, any…
Employee Option Program (ESOP) Stocks ESOP (Employee Stock Ownership Plan) stock is a type of stock issued under the employee option program of a public company. This is a type of preferred stock in which the company only sells preferential shares to employees at a cheaper price than the market price and is often accompanied by…
