The Enterprise Law 2020 was passed at the 9th session of the 14th National Assembly on June 17, 2020, including some outstanding new points such as:
- Change the concept of state-owned enterprises, specifically including enterprises in which the State holds more than 50% of charter capital and the total number of shares with voting rights as prescribed in Article 88 of the Law on Enterprises 2020.
Currently, in the Enterprise Law 2014: is an enterprise with 100% charter capital held by the State.
- Remove regulations on notification of enterprise seal samples before use.
According to the 2014 Enterprise Law, before use, businesses must notify the business registration agency of their seal sample for public posting on the National Business Registration Portal.
- Adding additional subjects that are not allowed to establish and manage businesses such as: Organizations that are commercial legal entities banned from doing business or operating in certain fields according to the provisions of the Penal Code.