On 9 September 2010, the Prime Minister issued Decision No. 1659/QD-TTg establishing the Business Registration Authority (Decision 1659) under the Ministry of Planning and Investment (MPI) for the purpose of assisting the Minister of the MPI in exercising State administration of business registration.

The Business Registration Authority has legal entity status, a seal and its own account. It is entitled to funding from the State budget and other funding sources as stipulated by law and may open an account at the State Treasury. Its head office is in Hanoi.

The Minister of the MPI will stipulate the specific duties, powers and organisational structure of the Business Registration Authority.

Ministries, Heads of ministerial equivalent bodies, Heads of Governmental bodies, Chairmen of People's Committees of provinces and cities under central authority and the Chairman of the State Securities

Commission will be responsible for implementation of Decision 1659.

Decision 1659 came into force and effect from 9 September 2010.

For inquiries related to this Legal Update, please contact:

Dao Nguyen (dao.nguyen@mayerbrown.com)

Thinh Dan (thinh.dan@mayerbrown.com)

Learn more about our Hanoi and Ho Chi Minh City offices and Corporate & Securities practice.