Consisting of 10 chapters and 219 articles in total, the new law does not cover business households which are to be regulated under a separate law.
It is due to come into effect on January 1, 2021, and will regulate the establishment, organisation, restructuring, dissolution, and relevant activities of enterprises, including those which are limited liability companies, joint stock companies, partnerships, private companies, and groups of enterprises.
The law stipulates that State-owned enterprises count as firms in which the State holds 100% of charter capital, in addition to those in which the State holds more than 50% of charter capital or voting shares.
Before voting began on the revised bill, legislators adopted Article 88 on State-owned enterprises, Article 115 on the rights of common shareholders, and Article 128 on the offer for the sale of shares within the bill.
Moreover, NA deputies are due to vote on three other laws on the same day, including the law to amend and supplement other articles such as the Law on Natural Disaster Prevention and Control and the Law on Dykes.
Following this, members will then scrutinise the draft law on international agreements.
The bill itself aims to fine-tune the legal foundation and improve the legal effect of regulations adjusting the signing and implementation of international agreements.
This will ultimately serve to contribute to institutionalising the Party’s policies and guidelines relating to international integration towards higher quality and greater efficiency, in addition to dealing with limitations found in the 2007 ordinance on signing and the implementation of international agreements.
The ninth session of the 14th legislature is scheduled to conclude on June 18.