<table>
<thead>
<tr>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><img src="https://imageproxy.pbkrs.com/https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg"/></td>
</tr>
<tr>
<td>Bắc Ninh 省人民委員會主席，Vương Quốc Tuấn（左二）訪問 Tiên Sơn 工業園區的一家公司。VNA/VNS 照片 泰雄</td>
</tr>
</tbody>
</table>
<p>河內 — 越南政府已向國會提交了《企業法》修訂草案，重點是遏制 “虛擬資本” 的使用，並增強企業運營的透明度。</p>
<p>該草案預計將在第十五屆國會的當前會議上進行討論和批准。</p>
<p>擬議的修訂旨在明確關鍵概念並加強禁止行為。特別是與股息和股份及資本貢獻的市場價值相關的定義（第 4 條第 5 款和第 14 款）已被修訂，以符合會計標準和現實股票市場實踐。上市公司股票的 30 天平均值計算將作為標準，以幫助防止價格操縱。</p>
<p>一個重要的補充是明確將 “虛假申報” 列為禁止行為（第 16 條第 4 款）。儘管這一罪行已在刑法中涵蓋，但在實踐中仍然常見，特別是在涉及商業登記文件偽造簽名的案件中。</p>
<p>該草案還擴大了允許設立企業的個人範圍，允許公立大學講師和工作人員出資並參與商業管理，前提是他們獲得授權機構的事先批准。這與國會第 193/2025/QH15 號決議關於促進科學、技術和創新的機制相一致。</p>
<p>還提出了對有限責任公司中資本轉讓的規定進行修訂（第 52 條第 1 款第 a 點），資本償還後的資本減少（第 112 條第 5 款第 a 點），股東召集股東大會的責任（第 115 條第 4 款）以及制定股東名單的標準（第 141 條第 1 款）。</p>
<p>此外，已取消對已上市或註冊交易公司的信息變更通知要求（第 176 條第 3 款）。</p>
<p><strong>從事前檢查轉向事後檢查</strong></p>
<p>修訂法的一個突出特點是賦予省級人民委員會（第 215 條第 3 款）在註冊後監督企業的更大責任。這包括制定檢查程序和在地方層面發佈跨機構協調規定。</p>
<p>根據政府的報告，這些變化旨在防止誇大或虛假的資本申報——這種情況通常在公司成為上市公司、發行私募債券或涉及税務欺詐和國家預算挪用之前出現。</p>
<p>雖然一些專家呼籲在註冊階段強制進行財務能力驗證或資產評估報告以提高透明度，但財政部和司法部均表示反對，理由是擔心增加行政負擔和合規成本。相反，政府支持加強註冊後的檢查，這與全球監管趨勢以及黨和國家的體制改革議程相一致。</p>
<p>擬議的法律還顯著下放了企業管理權力給省級當局。地方政府將負責處理商業註冊、進行檢查、解決與資本相關的違規行為，並與其他監管機構協調監督企業活動。這種方法預計將改善執法，增強註冊後監測的有效性，並減少商業領域的法律違規行為。 — VNS</p>

<p>越南政府已向國會提交了《企業法》修訂草案，旨在遏制 “虛擬資本”，並增強企業透明度。主要變化包括對股息和股權價值的更清晰定義，禁止 “虛假申報”，以及擴大企業設立的資格。該法律從事前審核轉向事後審核，增加了地方當局在企業監管中的責任。這些修訂旨在防止資本申報欺詐，並改善商業領域的執法，符合全球監管趨勢</p>

<table>
<thead>
<tr>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><img src="https://imageproxy.pbkrs.com/https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg" alt="" original-src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg"/></td>
</tr>
<tr>
<td>Chairman of the Bắc Ninh People’s Committee, Vương Quốc Tuấn (second from left) visits a company at Tiên Sơn Industrial Park. VNA/VNS Photo Thái Hùng</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><img src="https://imageproxy.pbkrs.com/https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg" alt="" original-src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/5/7/422080_5158457710207998_kinh%20te%20t%C6%B0%20nhan.jpg"/></td>
</tr>
<tr>
<td>Bắc Ninh 省人民委員會主席，Vương Quốc Tuấn（左二）訪問 Tiên Sơn 工業園區的一家公司。VNA/VNS 照片 泰雄</td>
</tr>
</tbody>
</table>
</div><p>HÀ NỘI — The Vietnamese Government has submitted a draft amendment to the Enterprise Law to the National Assembly, focusing on curbing the use of 'virtual capital' and enhancing transparency in corporate operations.</p>
<div class="lb-trans"><p>河內 — 越南政府已向國會提交了《企業法》修訂草案，重點是遏制 “虛擬資本” 的使用，並增強企業運營的透明度。</p>
</div><p>The draft law is expected to be discussed and approved during the ongoing session of the 15th National Assembly.</p>
<div class="lb-trans"><p>該草案預計將在第十五屆國會的當前會議上進行討論和批准。</p>
</div><p>The proposed amendments aim to clarify key concepts and reinforce prohibited acts. Notably, definitions related to dividends and the market value of shares and capital contributions (Clauses 5 and 14, Article 4) have been revised to align with accounting standards and real-life stock market practices. The calculation of a listed share’s average value over 30 days will serve as the standard to help prevent price manipulation.</p>
<div class="lb-trans"><p>擬議的修訂旨在明確關鍵概念並加強禁止行為。特別是與股息和股份及資本貢獻的市場價值相關的定義（第 4 條第 5 款和第 14 款）已被修訂，以符合會計標準和現實股票市場實踐。上市公司股票的 30 天平均值計算將作為標準，以幫助防止價格操縱。</p>
</div><p>A significant addition is the explicit inclusion of 'false declarations' as a prohibited act (Clause 4, Article 16). Although this offence is already covered under the Penal Code, it remains common in practice, particularly in cases involving forged signatures in business registration documents.</p>
<div class="lb-trans"><p>一個重要的補充是明確將 “虛假申報” 列為禁止行為（第 16 條第 4 款）。儘管這一罪行已在刑法中涵蓋，但在實踐中仍然常見，特別是在涉及商業登記文件偽造簽名的案件中。</p>
</div><p>The draft law also expands the scope of individuals permitted to establish enterprises, allowing public university lecturers and staff to contribute capital and participate in the management of businesses aimed at commercialising scientific research, provided they receive prior approval from authorised bodies. This aligns with National Assembly Resolution No. 193/2025/QH15 on mechanisms to promote science, technology and innovation.</p>
<div class="lb-trans"><p>該草案還擴大了允許設立企業的個人範圍，允許公立大學講師和工作人員出資並參與商業管理，前提是他們獲得授權機構的事先批准。這與國會第 193/2025/QH15 號決議關於促進科學、技術和創新的機制相一致。</p>
</div><p>Amendments have also been proposed to regulations on capital transfer in limited liability companies with two or more members (Point a, Clause 1, Article 52), capital reduction following capital repayment (Point a, Clause 5, Article 112), shareholders’ responsibilities in convening general meetings (Clause 4, Article 115) and the criteria for drawing up shareholder lists (Clause 1, Article 141).</p>
<div class="lb-trans"><p>還提出了對有限責任公司中資本轉讓的規定進行修訂（第 52 條第 1 款第 a 點），資本償還後的資本減少（第 112 條第 5 款第 a 點），股東召集股東大會的責任（第 115 條第 4 款）以及制定股東名單的標準（第 141 條第 1 款）。</p>
</div><p>In addition, the requirement to notify changes in information has been removed for companies already listed or registered for trading (Clause 3, Article 176).</p>
<div class="lb-trans"><p>此外，已取消對已上市或註冊交易公司的信息變更通知要求（第 176 條第 3 款）。</p>
</div><p><strong>Shifting from pre-checks to post-checks</strong></p>
<div class="lb-trans"><p><strong>從事前檢查轉向事後檢查</strong></p>
</div><p>A standout feature of the revised law is the increased responsibility assigned to provincial-level People’s Committees (Clause 3, Article 215) in supervising enterprises post-registration. This includes developing inspection procedures and issuing inter-agency coordination regulations at the local level.</p>
<div class="lb-trans"><p>修訂法的一個突出特點是賦予省級人民委員會（第 215 條第 3 款）在註冊後監督企業的更大責任。這包括制定檢查程序和在地方層面發佈跨機構協調規定。</p>
</div><p>According to the Government’s report, these changes are designed to prevent exaggerated or fictitious capital declarations—commonly observed before firms become public companies, issue private bonds, or engage in tax fraud and state budget misappropriation.</p>
<div class="lb-trans"><p>根據政府的報告，這些變化旨在防止誇大或虛假的資本申報——這種情況通常在公司成為上市公司、發行私募債券或涉及税務欺詐和國家預算挪用之前出現。</p>
</div><p>While some experts have called for mandatory financial capacity verification or asset valuation reports at the registration stage to increase transparency, both the Ministry of Finance and the Ministry of Justice have objected, citing concerns over increased administrative burden and compliance costs. Instead, the Government supports enhanced post-registration inspections, in line with global regulatory trends and the Party and State’s institutional reform agenda.</p>
<div class="lb-trans"><p>雖然一些專家呼籲在註冊階段強制進行財務能力驗證或資產評估報告以提高透明度，但財政部和司法部均表示反對，理由是擔心增加行政負擔和合規成本。相反，政府支持加強註冊後的檢查，這與全球監管趨勢以及黨和國家的體制改革議程相一致。</p>
</div><p>The proposed law also significantly decentralises enterprise management to provincial authorities. Local governments would be responsible for handling business registration, conducting inspections, addressing capital-related violations, and coordinating with other regulatory agencies in overseeing corporate activities. This approach is expected to improve enforcement, enhance the effectiveness of post-registration monitoring, and reduce legal breaches in the business sector. — VNS</p>
<div class="lb-trans"><p>擬議的法律還顯著下放了企業管理權力給省級當局。地方政府將負責處理商業註冊、進行檢查、解決與資本相關的違規行為，並與其他監管機構協調監督企業活動。這種方法預計將改善執法，增強註冊後監測的有效性，並減少商業領域的法律違規行為。 — VNS</p>
</div>

修訂後的企業法旨在加強資本控制，並加大檢查力度