How Can a Joint-Stock Company Raise Capital?

Quick answer: Yes. A joint-stock company may raise capital by issuing shares, bonds, and other securities under the Law on Enterprises 2020 (amended and supplemented by Law No. 76/2025/QH15) and the Law on Securities 2019 (amended and supplemented by Law No. 56/2024/QH15).

How does a joint-stock company raise capital?

Under the Law on Enterprises 2020, a joint-stock company may raise capital through:

• Share offerings (private or public);
• Bond issuance (private or public);
• Issuance of other securities under securities law;
• Borrowing from credit institutions, organizations, and individuals.

Public securities offerings must be registered with the State Securities Commission and comply with the Law on Securities 2019.

Applicable legal basis

• Law on Enterprises 2020 (59/2020/QH14), amended by Law No. 76/2025/QH15.
• Law on Securities 2019 (54/2019/QH14), amended by Law No. 56/2024/QH15.

Note on Applying Current Legal Regulations

This article is part of the Business & M&A Knowledge series and is presented for reference purposes, helping readers understand the legal issue at a general level before preparing documents or entering into transactions.

Legal regulations may change depending on timing, locality, document type, and specific circumstances. If you need to determine the exact legal basis applicable to your file, please contact ANT Legal’s lawyers at 0966.475.966 for verification and advice before proceeding.

Common Risks to Note

• Applying an outdated, amended, or replaced legal instrument.
• Preparing incomplete dossiers, documents, or evidence.
• Misunderstanding the conditions, procedures, time limits, or competent authorities.
• Signing, filing, or entering into transactions without fully assessing legal risks.

How Can ANT Legal Help?

ANT Legal supports reviewing specific situations, checking dossiers, identifying the applicable legal basis, advising on handling options, and representing clients in dealings with individuals, organizations, or competent authorities when necessary.

For prompt advice, please contact our lawyers at 0966.475.966.

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