Hanoi · Ho Chi Minh City · Hai Phong
Technical Notes

The multi-member LLC as a family holding: what it can and cannot do under Vietnamese law

The multi-member LLC as a family holding: what it can and cannot do under Vietnamese law

Vietnamese law has no private trust regime for families. A family holding company – often a multi-member LLC – can consolidate ownership and organise decision-making across generations, but it is neither a substitute for an offshore trust nor an absolute shield: rules on matrimonial property, compulsory heirs, creditor rights, tax and beneficial-ownership transparency still apply.

The two-part IPAS Insights monograph (No. 10/2026) sets out the framework and the clean-up work needed before any restructuring. Select a part below to read it in full.

IPAS Insights · Family Wealth & Succession Series

Family Wealth & Succession Architecture in Vietnam

No. 10/2026 · Bilingual (VI–EN)
PART 01 20 pages · PDF

Ownership, Governance & Succession Foundations

Four succession tracks, five layers of rights, matrimonial property and compulsory heirs (Civil Code, Art. 644), beneficial ownership, tax across the life cycle and succession risk scenarios.

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PART 02 16 pages · PDF

Balance-Sheet Clean-up, Asset Title & Restructuring Readiness

Five sensitive balance groups (111, 141/1388, 152/156, 341/3388, personally held assets), related-party checks under Decree 255/2026/ND-CP and Green, Amber and Red readiness checkpoints.

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* IPAS professional publications for general reference; not legal or tax advice. Law in force as at October 2026. All IPAS publications →

Relevant capability: Family Ownership & Succession Advisory (FOSA)

General information as at October 2026. It is not legal, tax or accounting advice for any specific situation; check the law in force and your own facts before acting.

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