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Vietnam Commercial Law 2005

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Vietnam Commercial Law 2005
COMMERCIAL LAW (REVISED - 2005) THE STATE PRESIDENT
ORDER No. 10/2005/L-CTN OF JUNE 27, 2005, ON PROMULGATION OF LAW THE PRESIDENT OF THE SOCIALIST REPUBLIC OF VIETNAM
Pursuant to Article 103 and Article 106 of the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of 25 December, 2001, of the Xth National Assembly, the 10th session; Pursuant to Article 91 of the Law on Organization of the National Assembly; Pursuant to Article 50 of the Law on Promulgation of Legal Documents, HEREBY PROMULGATES: The Commercial Law, which was passed on June 14,2005, by the XIth National Assembly of the Socialist Republic of Vietnam at its 7th session. President of the Socialist Republic of Vietnam TRAN DUC LUONG

COMMERCIAL LAW
(No. 36/2005/QH11) Pursuant to Article 103 and Article 106 of the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of 25 December, 2001, of the Xth National Assembly, the 10 th session; This Law provides for commercial activities.

CHAPTER 1: GENERAL PROVISION
Chapter I

GENERAL PROVISION Section 1. GOVERNING SCOPE AND SUBJECTS OF APPLICATION
Article 1.- Governing scope 1. Commercial activities conducted in the territory of the Socialist Republic of Vietnam. 2. Commercial activities conducted outside the territory of the Socialist Republic of Vietnam in cases where the involved parties agree to this Law for application, or where a foreign law or a treaty to which the Socialist Republic of Vietnam is a contracting party stipulates the application of this Law. 3. Activities not for profit purposes conducted by a party in its transactions with traders in the territory of the Socialist Republic of Vietnam in cases where the party conducting such not-for-profit activities chooses to apply this Law.

Article 2.- Subjects of application 1. Traders conducting commercial activities as provided for in

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