BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State agencies use state assets to set up businesses for their own profits.
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Persons appointed as authorized representatives to manage the State’s contributed capital in other enterprises.
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Both A and B are correct
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Both A and B are wrong
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Detailed explanation-1: -Vietnamese State-owned enterprises (SOEs) are enterprises directly or indirectly owned or influenced by the Vietnam’s Government. In the recent decade, the Government has given top priority to enhancing SOE’s efficiency.
Detailed explanation-2: -Vietnam has a two tier court system, including courts of first instances and courts of appeal. The judgments are then susceptible to further reviews under special circumstances. The court system consists of the Supreme Court, the provincial People’s Courts and the district People’s Courts.
Detailed explanation-3: -The Enterprise Law 2020 stipulates 4 types of enterprises including: Sole proprietorships (DN TN), limited liability company (công ty TNHH), joint-stock company (công ty CP), and partnerships (công ty HD).
Detailed explanation-4: -Foreigners are allowed to register their company in Vietnam for starting a business. In most industries, they can own 100% of the shares of their business. In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder.