Question: Could you explain the differences between a JSC and Ltd Co in Vietnam?

Answer: Please find the main difference between Company Limited and Joint Stock Company as follows:

1. Management Structure

 

Company Limited                                          Joint Sotck Company

Member Council/One Owner                             General Meeting of Shareholders

(1- 50 members)                                               (3 shareholders upward)

Director/General Director                                 Board of Members

Inspection Committee (not compulsory)

Director/General Director

 

2. Right to transfer shares

 

A member who wishes to transfer                        Free to transfer shares, except for that

its shares in the company, he/she                       within 03 years from establishment of

must firstly offer share transfer to                        the company, a founding shareholder

other members of the Company. If                       can only transfer his/her shares to other

other member refuse to purchase,                      founding shareholders in the Company

he/she can transfer his/her shares                      unless otherwise approved by General

to the third parties                                              Meeting of Shareholders

 

3. Right to offer shares on Stock Market

None                                                                Yes.

 

We do hope that the above information is helpful for you. If you have any further inquiry, please feel free to contact us.

If you would like further information on Differences between a JSC and Ltd Co in Vietnam, please either email to our Partners at: info@sblaw.vn or call to our Office:

Ha Noi Office: +84 (4) 62 62 0246

HCM Office: +84 (8) 35 208 101.

Untitled-1

Get in touch with us

Your Name (required)

Your Email (required)

Subject

Your Message