Can business in Vietnam change it’s legal entity type?

Certainly, a business in Vietnam has the ability to alter its legal entity type. The process of changing a business’s legal entity type entails a number of steps, such as seeking advice from professionals, establishing a new entity, transferring assets and operations, dissolving the previous entity, and informing stakeholders. The specific procedures may differ based on the existing and desired business structures and regulations. It is imperative to seek guidance from professionals and ensure adherence to all necessary protocols in order to prevent potential legal and financial consequences.