Legal Updates for July 2020

The Law on Enterprises 2020

On 17 June 2020, the Vietnamese National Assembly adopted the Law on Enterprises No.59/2020/QH14 (“LOE 2020”), replacing the currently effective Law on Enterprises No. 68/2014/QH13 dated 26 November 2014 (“LOE 2014”). LOE 2020 shall take effect on 1 January 2021.

The Law on Investment 2020

On 17 June 2020, the Vietnamese National Assembly adopted the Law on Investment No. 61/2020/QH14 (“LOI 2020”), replacing the currently effective Law on Investment No. 67/2014/QH13 dated 26 November 2014 (“LOI 2014”) LOI 2020 shall take effect on 1 January 2021.