A taxonomy of establishing enterprises in Vietnam: Legal framework and model diversification

Every form of business has its advantages and disadvantages and the selection of a type of business depends on the willpower of investors. Therefore, the diversity of enterprise forms offer investors suitable business organization, which enables them to exercise the freedom to conduct a business. However, the current law of Vietnam has not anticipated all types of links which restricts the choices of a form of business that are available for investors. This paper examines the theoretical basis of the establishment and development and assesses the current legal status of forms of business in Vietnam.