Can a sole proprietorship be denoted as "private enterprise"?

View Post in Vietnamese: >> Doanh nghiệp tư nhân có được ghi là "doanh nghiệp TN" không?

May I ask about the name of a private enterprise? I often see people write "private enterprise" or "DNTN", so can it be written as "TN enterprise"?

Article 37 of the Enterprise Law 2020 stipulates the name of an enterprise as follows:

- The Vietnamese name of an enterprise shall consist of two elements in the following order:

+ Type of enterprise;

+ Proper name.

- The type of enterprise shall be written as "limited liability company" or "LLC" for a limited liability company; written as "joint stock company" or "JSC" for a joint stock company; written as "partnership" or "HD company" for a partnership; written as "private enterprise," "DNTN," or "TN enterprise" for a private enterprise.

Thus, for the type of private enterprise, it can be written as "private enterprise," "DNTN," or "TN enterprise." In such cases, writing "TN enterprise" is still accepted and conformable to the law.

Respectfully!

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