Can enterprise names be abbreviated to the types of enterprise in Vietnam?
Can enterprise names be abbreviated to the types of enterprise in Vietnam? Are there any restrictions when naming enterprises that I should be aware of?
My name is Dao, 23 years old. I plan to start a business and want to start my own business. I want to ask if I can abbreviate my business name when naming my business because my business type is single-member limited liability company otherwise it would be very long if it is not abbreviated.
1. Can enterprise names be abbreviated to the types of enterprise in Vietnam?
Pursuant to Article 37 of the Law on Enterprises 2020, enterprise names are as follows:
1. The Vietnamese name of an enterprise shall contain two elements in order:
a) The type of enterprise;
b) The proper name.
2. The type of enterprise shall be “công ty trách nhiệm hữu hạn” or “công ty TNHH” for limited liability companies; “công ty cổ phần” or “công ty CP” for joint stock companies; “công ty hợp danh” or “công ty HD” for partnerships; “doanh nghiệp tư nhân”, “DNTN” or “doanh nghiệp TN” for sole proprietorships.
3. The proper name shall consist of letters in the Vietnamese alphabet, the letters F, J, Z, W, numbers and symbols.
4. The enterprise’s name shall be displayed at the headquarters, branches, representative offices and business locations of the enterprise and printed or written on transaction documents, records and printed materials published by the enterprise.
5. Pursuant to regulations of this Article, Articles 38, 39 and 41 of this Law, the business registration authority is entitled to refuse to register enterprise’s name.
Thus, according to the current regulations compared to the case you mentioned, your business type is limited liability company in Vietnam, so you can register your business name in abbreviated form as “công ty TNHH”. In addition, you also need to pay attention so that the business name does not fall into one of the cases below.
2. Prohibited acts of naming enterprises in Vietnam
Pursuant to Article 38 of the Law on Enterprises 2020, prohibited acts of naming enterprises are as follows:
1. Use of any name that is identical or confusingly similar to another enterprise’s name that is registered in accordance with Article 41 of this Article.
2. Use of the name of a state authority, the People’s military unit, political organization, socio-political organization, socio-political-professional organization, social organization, social-professional organization as part or all of an enterprise’s name, unless it is accepted by that authority, unit or organization.
3. Use of words or symbols that against the country’s history, culture, ethical values and good traditions.
Best Regards!
