The Investment Law 2014 introduces a brand new system to classify entities with foreign capital into different concepts and groups. Under the Investment Law 2014:

The Investment Law 2014 introduces many substantial changes to the investment procedures involving foreign investors or foreign invested enterprises. The changes to investment procedures when a foreign investor acquires shares in an existing private Vietnamese company (Private Local Co) are among the most important changes. The Private Local Co here is not banks, insurance companies or securities companies. In particular,

The capital structure of a JSC under the Enterprise Law 2005 is anything but clear. In particular, the Enterprise Law 2005 and Decree 102/2010 do not clearly define how charter capital, paid-up shares, authorised shares and treasury shares relate to each other. It looks like that the drafting team of Enterprise Law 2014 has taken notes of our comments and substantially improve the clarity on the capital structure of a JSC.