Company forms in Vietnam

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There are three main private company forms for both domestic and foreign-invested enterprises:

  • Single member limited liability company (SLLC)
  • Multiple member limited liability company (MLLC)
  • Shareholding company, also referred to as a join stock company (SC)
  • Other less common forms include sole proprietorship and partnership companies.
Ho Chi Minh City
SLLCMLLCSC
The sole investor may be an organisation or an individual.Two or more investors (referred as ‘members’) who may be organisations or individuals.Three or more investors (no upper limit) who may be organisations or individuals.
Only one member.The number of investors must not exceed 50.May be a ‘public company’ (more than 100 shareholders or that has made a ‘public offer’ via mass media) and, therefore, subject to higher disclosure and other requirements.
Cannot be listed. Cannot issue shares.
Can issue bonds to raise capital, but not convertible bonds.
Cannot be listed. Cannot issue shares.
Can issue bonds to raise capital, but not convertible bonds
Can be listed.
Must have ordinary shares and may have preference shares, including voting preference shares, dividend preference shares, redeemable preference shares and other types stipulated in the charter.
May issue bonds to raise capital, including convertible bonds.
Main company form in Vietnam

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