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How should a
foreign-owned company in
According to the Law on Enterprises
(2005), each company’s name must be written in Vietnamese, including the
foreign enterprise’s name. Foreign-owned enterprises should carefully adopt
an operating to avoid unnecessary problems.
Each newly formed company may have up to three names,
one in Vietnamese, another in a foreign language, and an abbreviated form
from its Vietnamese or foreign language name.However, according to
regulations of the Law on Enterprises, the enterprise’s name in a foreign
language has to be directly translated from the Vietnamese name. Therefore,
enterprises from other countries are advised to exercise due care in
selecting a correct Vietnamese title for their
business.
It is essential to be aware that the name of an
enterprise must have two components: type of business entity and specific
name. There are four types of business entity in
According to the guidance documents of the Law on
Enterprises (2005), enterprises are allowed to name their business using
letters from the Vietnamese alphabet and may include letters such as F, J, Z
and W; numerals and symbols; plus, the name must be pronounceable. In other
words, aside from the letters in the English alphabet, enterprises can also
use distinct letters from the Vietnamese alphabet such as Ă, Â, Đ, Ê, Ô, Ơ,
Ư.
Foreign enterprises should also keep in mind that
although they are entitled to propose their preferred names, the final
decision-making authority rests with the business registration offices.
However, in the event that a proposed name is rejected, the business
registration offices must clearly state the reasons why, and their decision
will be the final one.
PLF – LAW
FIRM
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Thứ Ba, 8 tháng 4, 2014
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