A private enterprise is an enterprise owned by an individual who is solely responsible for all his or her assets for all activities of the business. Regulations on establishing a private enterprise in Vietnam are determined based on two main factors: the right and the conditions for establishing a private enterprise. This regulation is applicable to the establishment of all private enterprises in Vietnam.
Current Vietnamese law sets out the principle that each individual has the right to establish a private enterprise. However, not every individual has the right to establish a private business.
The establishment of a private enterprise must satisfy the following regulations and conditions:
Specific conditions for establishing a private enterprise
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