Business Law Quiz

According to LoE Article 17, all of the following individuals are NOT allowed to establish and manage an enterprise in Vietnam, EXCEPT?

• A government official working in a state agency

• A person currently serving a prison sentence

• A minor under 18 years old

• An adult with full legal capacity and no criminal record.

Which of the following cases is prohibited for "personal gain"?

• Distributing profits to shareholders

• Using profits to establish an illegal internal fund

• Reinvesting in the business

• Paying employee salaries

Who is NOT allowed to contribute capital to a business?

• Ordinary individuals

• Private enterprises

• State agencies using public assets for profit

• Foreign investors

Which asset is NOT used for capital contribution?

• Land use rights

• Gold

• Technical secrets

• Assets that cannot be valued in VND

When is the capital contribution considered complete?

• When signing the contract

• When the valuation is completed

• When the legal ownership is transferred to the company

• When submitting the registration documents

For registered assets (e.g., land), the contribution of capital needs to:

• Only require an agreement

• Not require procedures

• Must transfer ownership according to regulations

• Only need internal recognition

If the valuation of contributed assets is higher than reality when establishing a business, then:

• No need to handle

• The state is responsible

• That member must contribute the difference

• Cancel the business

Which of the following activities is prohibited for business?

• Gold trading

• Firecracker trading

• Education business

• Real estate business

What is a conditional business sector?

• Banned sector

• Sector that requires permission for security and social reasons

• Completely free sector

• Sector reserved for the state

Which agency does NOT have the authority to issue business conditions?

• National Assembly

• Government

• Ministries, People's Committees

• International treaties