Clubs · Dec 4, 2024 · 2 min read
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Clubs · Dec 4, 2024 · 2 min read
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This article provides detailed information on the business sectors that Vietnamese law restricts the types of businesses that can participate in. Understanding these regulations helps businesses choose the right type, ensuring legal and effective business operations.
STT | Conditional business lines | Type | Legal basis |
1. | Legal advice - Law office | Private enterprise | Article 33, Clause 1 Law on Lawyers 2006 |
2. | Legal advice - law firm | – Partnership – LLC | Article 34, Clause 1 Law on Lawyers 2006 |
3. | Notary - notary office | Partnership | Article 22, Clause 1 Notary Law 2014 |
4. | Forensic Expertise - Forensic Expertise Office | – Partnership – Private enterprise | Article 14, Clause 2 Law on Judicial Expertise 2012 |
5. | Asset management and liquidation during bankruptcy proceedings | – Partnership – Private enterprise | Article 13, Clause 1 Bankruptcy Law 2014 |
6. | Asset management of Vietnamese credit institutions | One-member LLC, 100% state-owned | Article 3, Clause 2 Decree 53/2013/ND-CP |
7. | Accounting services business | – Limited liability company with 2 or more members – Partnership – Private enterprise – Business household | Article 59, Clause 1 and Article 65 Accounting Law 2015 |
8. | Auditing services business | - LLC with 2 or more members – Partnership – Private enterprise | Article 1, Clause 1 Decree 30/2009/ND-CP |
9. | Securities company | – LLC Joint Stock Company | Article 71, Clause 2 Securities Law 2019 |
10. | Securities investment fund management company (fund management company) | – LLC Joint Stock Company | Article 71, Clause 2 Securities Law 2019 |
11. | Securities investment company | Joint Stock Company | Article 114, Clause 1 Securities Law 2019 |
12. | Insurance business | – LLC Joint Stock Company – Cooperative | Article 1, Clause 7 Law on Insurance Business amended 2010 |
13. | Lottery business | One-member LLC, 100% state-owned | Article 23, Clause 1 Decree 30/2007/ND-CP |
14. | Horse racing and dog racing betting business | – LLC Joint Stock Company | Clause 4, Article 30 Decree 06/2017/ND-CP |
15. | Credit rating | – LLC Joint Stock Company – Partnership | Article 9, Clause 1 Decree 88/2014/ND-CP |
16. | Forecasting, hydrometeorology | Legal entity | Article 9, Clause 1 Decree 38/2016/ND-CP |
17. | Microfinance organization | Company Limited | Article 87, Clause 1 Law on Credit Institutions 2010 |
18. | Domestic commercial bank | Joint stock companies, except state commercial banks | Article 6, Clause 1 Law on Credit Institutions 2010 |
19. | State commercial bank | One-member LLC, 100% state-owned | Article 6, Clause 2 Law on Credit Institutions 2010 |
20. | Domestic non-bank credit institutions (including: finance companies, financial leasing companies and other non-bank credit institutions) | – LLC Joint Stock Company | Article 6, Clause 3 Law on Credit Institutions 2010 |
21. | Joint venture credit institutions and 100% foreign-owned credit institutions are established. | Company Limited | Article 6, Clause 4 Law on Credit Institutions 2010 |
22. | Property auction business | – Partnership – Private enterprise | Clause 1, Article 23 Law on property auction 2016 |
23. | Bailiff's office | – Partnership – Private enterprise | Article 17, Clause 1 Decree 08/2020/ND-CP |
24. | Cooperative banks, people's credit funds | Cooperative | Article 6, Clause 5 Law on Credit Institutions 2010 |
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