In addition to the amended Law on Investment which sets out various changes in the legal framework on foreign investment, on 17 June 2020, the National Assembly of Vietnam passed the amended Law on Enterprises (Amended LOE) which will replace the current Law on Enterprises (Current LOE) from 1 January 2021.

The Amended LOE introduces various welcome changes and clarifies a number of issues under the Current LOE with the aim of creating a more transparent environment and streamlined process for operation of enterprises in Vietnam.

We look at the 10 key changes under the Amended LOE and their implications.

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