Law on amending and supplementing a number of articles of the Law on Investment, the Law on Enterprises, and other laws

09/03/2022 Newest Editor

On January 11th, 2022, the National Assembly issued Law No. 03/2022/QH15 on amending and supplementing a number of articles of the Law on Public Investment, the Law on Investment in the form of public-private partnership, and the Law on Investment, Law on Housing, Law on Bidding, Law on Electricity, Law on Enterprises, Law on Excise Tax and Law on Enforcement of Civil Judgments, whereby there are some noticeable points as follows:

+ Supplement new conditional business lines:

– Pursuant to Clause 5 Article 3 Law No. 03/2022/QH15, supplementing the business lines of cyberspace security products and services (not including trading in cyber information security products and services and trading in civil cryptographic products and services) is a conditional business lines in Appendix IV of the Law on Investment 2020.

+ Amend regulations on meeting minutes of Members’ Council of multiple-member limited liability company:

– The content of the minutes will no longer require the signature of the meeting participants who disagree with the meeting minutes (if any). If the minute taker and the chairperson of the meeting, refuse to sign the meeting minutes, it will take effect when all other attended members of the Board of members agree to sign to ratify the minutes of the meeting.

– And also, the meeting minutes must clearly state that the minute taker and the chairperson of the meeting refuse to sign on the minutes of the meeting.

Moreover, this Law also supplements and adjusts many other contents in the fields of business, investment, housing, electricity, tax, etc.

This Law takes effect from March 1st, 2022.