- Asia
Vietnam: Beneficial Ownership Requirements and Major Updates to the Enterprise Law
Vietnam consistently prioritizes the cultivation of a transparent and active business environment for domestic and foreign investors, underpinning its dynamic economic growth through continuous legislative reforms and proactive policy frameworks. In a significant stride toward further enhancement of this commitment, on June 17, 2025, the National Assembly of Vietnam officially passed the Law amending the Law on Enterprises, which will take effect on July 1, 2025 (collectively, with the existing Law on Enterprises, “Amended Law on Enterprises”). One of the main revisions proposed by the Amended Law on Enterprises to reshape the country’s corporate landscape by enhancing the transparency of business practices and the management capability of State authorities, is the introduction of “beneficial owners” (though this concept is not new in Vietnamese law,...To read the full article, please see the PDF file
-
Asia Newsletter
Download PDF [249 KB]
Bang is a partner with more than 20 years of professional legal experience. He joined the Ho Chi Minh City Office in 2010, and was the first Vietnamese lawyer to join Nishimura & Asahi; his experience spans a wide range of matters, including a diverse selection of notable, complex projects and disputes. Bang specializes in dispute resolution, inbound investments, corporate & commercial matters, M&A, banking, real estate & construction, and labor. He also has significant experience advising on international trade, unfair competition, securities, capital markets transactions, project financing transactions, infrastructure projects, and energy projects. Prior to joining the firm, Bang gained advisory experience working at law firms and for multinational corporations. He is a regular contributor to numerous legal magazines, and has participated actively in the training of law students and legal practitioners as a part-time lecturer in Vietnam since 2009. Bang is also a regular speaker at seminars and events organized by professional legal institutions and organizations.
Bang graduated from Hanoi University of Law in 2001 and earned an LL.M. in International Law from the Transnational Law & Business University in Seoul, Korea, in 2006. He later completed an LL.M. in U.S. Law at Antonin Scalia Law School at George Mason University in Virginia, and an LL.M. in International Business Law and U.S. Law from Northeastern University School of Law in 2024. In 2025, he obtained a Ph.D. in International Relations from Selinus University of Sciences and Literature. He currently is pursuing Ph.D. programs in International Law and Business in the United States.
Chambers and Partners has recognized Bang as a leading lawyer in M&A and Real Estate. He is a CiArb-accredited mediator, a listed arbitrator of the Vietnam International Arbitration Centre, and a member of the Ho Chi Minh Bar and the Vietnam Bar Federation. He is fluent in English and Vietnamese.