What is data standardization in business registration in Vietnam?

According to Article 38 of the Decree No. 01/2021/NĐ-CP of the Vietnam Government, data standardization means reviewing, comparing, and adjusting enterprise registration information and legal status of enterprises in the National Enterprise Registration Database.

Information on business registration certificates or certificates of business registration and tax registration at the Business Registration Offices and business registration information on investment licenses or investment certificates (also business registration certificates) or other documents of equivalent validity, and securities trading licenses must be transferred to the National Enterprise Registration Information System. Enterprise registration information at Business Registration Offices, investment registration authorities and the State Securities Committee (SSC) are original information about enterprises during the data transfer process.

In case enterprise registration information on the National Enterprise Registration Database is inadequate or inaccurate compared to that in the enterprise registration certificate or the paper application for enterprise registration because of data transfer process, the Business Registration Office shall directly update information or instruct the enterprise to do so.

Note: Data standardization, document digitization, update and transfer of enterprise registration data shall be carried out according to annual plans of Business Registration Offices.

More details at the Decree No. 01/2021/NĐ-CP of the Vietnam Government effective from January 04, 2021.

Le Vy

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