Below is an introduction to the latest Enterprise Law 2026 and a compilation of documents guiding the implementation of the Enterprise Law.
At present, no legal document has replaced the 2020 Enterprise Law. Therefore, as of now, the 2020 Enterprise Law remains the latest Enterprise Law and is still in force.
In addition, the National Assembly has passed the 2025 Law Amending and Supplementing several Articles of the Enterprise Law to update and improve the legal framework in line with the current socio-economic development.
The 2020 Enterprise Law (Law No. 59/2020/QH14) consists of 10 Chapters and 218 Articles. It provides for the establishment, organization of management, reorganization, dissolution, and related activities of enterprises, including limited liability companies, joint-stock companies, partnerships, and private enterprises, as well as regulations on groups of companies.
The 2025 Law Amending and Supplementing a Number of Articles of the Enterprise Law (Law No. 76/2025/QH15) took effect on July 1, 2025. The Law revises provisions concerning enterprises, including amendments and supplements related to dividends, market prices of capital contributions, legal documents of individuals, and, notably, information on beneficial owners of enterprises.
The 2020 Enterprise Law has made a significant impact by simplifying enterprise establishment procedures, enhancing transparency in corporate governance, and strengthening the accountability of enterprise managers. As a result, the business environment has become more favorable, promoting entrepreneurship, innovation, and attracting both domestic and foreign investment.
Building on this reform, the 2025 amending Law continues to improve the legal framework for enterprises while introducing several important changes to better reflect current economic conditions. Notable amendments include:
- Supplementing regulations on updating beneficial owner information to enhance transparency in enterprise registration;
- Requiring the declaration of the list of beneficial owners in enterprise registration dossiers;
- Amending regulations on dividend distribution and private placement of corporate bonds to better protect investors’ interests;
- Expanding the scope of participation in enterprise management for public officials and public employees in state-owned enterprises;
- Abolishing several administrative procedures that are no longer appropriate, particularly those relating to digital signatures and enterprise registration accounts, thereby reducing compliance costs and processing time for enterprises.
2. List of documents guiding the Enterprise Law
Below is a compilation of legal documents guiding the implementation of the Enterprise Law:
|
No. |
Document |
Promulgation date |
Effective date |
|
Decrees |
|
|
|
|
1 |
Decree No. 200/2026/ND-CP on private placement of corporate bonds and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market |
June 5, 2026 |
June 5, 2026 |
|
2 |
Decree No. 248/2025/ND-CP prescribing salary, remuneration and bonuses for direct representatives of state ownership, representatives of state capital and Controllers in state-owned enterprises |
September 15, 2025 |
September 15, 2025 |
|
3 |
Decree No. 168/2025/ND-CP on enterprise registration |
June 30, 2025 |
July 1, 2025 |
|
4 |
Decree No. 89/2024/ND-CP on conversion of state companies established and operating under the Law on State-owned Enterprises into single-member limited liability companies organized and operating under the Enterprise Law |
July 16, 2024 |
September 1, 2024 |
|
5 |
Decree No. 69/2023/ND-CP amending and supplementing a number of articles of Decree No. 159/2020/ND-CP on management of persons holding titles or positions and representatives of state capital in enterprises |
September 14, 2023 |
September 14, 2023 |
|
6 |
Decree No. 159/2020/ND-CP on management of persons holding posts or titles and representatives of state capital portions in enterprises |
December 31, 2020 |
December 31, 2020 |
|
7 |
Decree No. 16/2023/ND-CP on organization, management and operation of enterprises directly serving national defense and security and enterprises combining economic activities with national defense and security; amending Point g, Clause 1, Article 23 of Decree No. 47/2021/ND-CP detailing a number of articles of the Enterprise Law |
April 25, 2023 |
April 25, 2023 |
|
8 |
Decree No. 08/2023/ND-CP amending, supplementing and suspending the implementation of a number of articles of Decrees on private placement and trading of corporate bonds in the domestic market and offering of corporate bonds in the international market |
March 5, 2023 |
March 5, 2023 |
|
9 |
Decree No. 65/2022/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 153/2020/ND-CP of December 31, 2020, on private placement of corporate bonds and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market |
September 16, 2022 |
September 16, 2022 |
|
10 |
Decree No. 23/2022/ND-CP on establishment, transformation and rearrangement, transfer of the right to represent the owner at enterprises with 100% charter capital held by the State |
April 5, 2022 |
June 1, 2022 |
|
11 |
Decree No. 122/2021/ND-CP on penalties for administrative violations against regulations on planning and investment |
December 28, 2021 |
January 1, 2022 |
|
12 |
Decree No. 47/2021/ND-CP detailing several articles of the Enterprise Law |
April 1, 2021 |
April 1, 2021 |
|
13 |
Decree No. 153/2020/ND-CP on private placement of corporate bonds and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market |
December 31, 2020 |
January 1, 2021 |
|
Circulars |
|
|
|
|
1 |
Circular No. 68/2025/TT-BTC promulgating forms used for enterprise registration and household business registration |
July 1, 2025 |
July 1, 2025 |
|
2 |
Circular No. 35/2021/TT-BTC prescribing the financial management mechanism for implementation of the National Program on supporting enterprises to improve productivity and quality of products and goods in the period of 2021-2030 |
May 19, 2021 |
July 5, 2021 |
The above is an overview of the latest Enterprise Law 2026 and the list of documents guiding its implementation.