HOT: Official Full Text of the Law on Enterprises 2020

14:34, 10/07/2024

Law on Enterprises 2020 was officially passed by the XIV National Assembly at the 9th session on June 10, 2020. This law contains several significant changes compared to the Law on Enterprises 2014.

One of the noteworthy provisions in the Law on Enterprises 2020 is the regulation on the enterprise seal. To be specific:

- The seal includes seals made at a seal engraving facility or seals in the form of digital signatures as stipulated by the law on electronic transactions;- The enterprise decides on the type, quantity, form, and content of the seal of the enterprise, branches, representative offices, and other units of the enterprise;- The management and storage of seals are carried out in accordance with the company's charter or regulations issued by the enterprise, branch, representative office, or other unit of the enterprise possessing the seal. Enterprises use the seal in transactions according to legal provisions.

Thus, from January 1, 2021, enterprises are allowed to use electronic signatures instead of engraved seals and are not required to register the seal on the national information portal prior to its use.

For more details, refer to Law on Enterprises 2020, effective from January 1, 2021.

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