Vietnam: Simplifying application documents for registration of establishment of branches of cooperatives

14:47, 14/10/2017

The Government of Vietnam issued Decree No. 107/2017/NĐ-CP on amendments and supplements to a number of articles of Decree No. 193/2013/NĐ-CP dated November 21, 2013, elaborating on certain articles of the Law on Cooperatives.

According to Decree No. 107/2017/NĐ-CP of Vietnam’s Government, application documents for registration of establishment of branches, representative offices or business locations of cooperatives or associations of cooperatives include:

1. Notice of signing to establish branch, representative or business location of a cooperative or association of cooperative;

2. Valid copy of the certificate of registration of cooperative or association of cooperatives;

3. Resolution issued by the members’ general meeting on opening of branch, representative or business location of a cooperative or association of cooperative;

4. Written decision of the Management Board on appointment of a person as the representative of a branch, representative office or business location, enclosing the valid copy of ID card, passport or other legally authenticated personal documents of the representative of the branch, representative office or business location to be established.

New regulations of Decree No. 107/2017/NĐ-CP repeals “valid copy of practicing certificate of one or more individuals as legally prescribed with respect to a branch of a cooperative or association of cooperatives that operates in the sector or industry subject to the regulatory requirement that enforces that branch to hold practicing certificate” in the application documents.

View more details at Decree No. 107/2017/NĐ-CP of Vietnam’s Government, effective from September 15, 2017.

- Ngoc Duyen -

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