FiinGroup Supports Identifying Ultimate Beneficial Owners

From July 1, 2025, Vietnam’s Law on Enterprises 2025 together with Decree 168/2025/ND-CP on enterprise registration officially introduces the concept of Ultimate Beneficial Ownership (UBO).

A Beneficial Owner (BO) is defined as an individual who directly or indirectly owns or controls an enterprise. However, this definition does not include representatives of state ownership in wholly state-owned enterprises or state capital representatives in joint-stock or multi-member limited liability companies.

Accordingly, enterprises are now required to declare and disclose ownership information with full transparency. This is not just a compliance obligation but also a significant step forward in aligning Vietnam with the Financial Action Task Force (FATF) standards and strengthening the integrity of the business ecosystem.

For businesses in Vietnam, adopting internal policies to ensure visibility of beneficial ownership brings important opportunities:

• Strengthen trust with investors and international partners.
• Reduce legal risks and enhance governance capacity.
• Gain long-term competitive advantages in bidding, M&A, and strategic partnerships.

But here’s the catch: Defining indirect ownership and control rights isn’t straightforward. Many enterprises will face challenges figuring out who actually pulls the strings.

That’s where FiinGroup steps in:

Our data and analytics uncover hidden connections even across borders that standard records can’t show. By transforming official company registries into interactive network maps, we give businesses a crystal-clear view of ownership structures.

With these insights, you can:

• Run smarter due diligence & KYC checks.
• Respond quickly to shifts in ownership.
• Mitigate risks before they become threats.

💡 With FiinGroup’s advanced data and analytics, businesses gain a clear big-picture view, enhance transparency, and make strategic decisions with greater confidence.

🔗 Let FiinGroup help you see the bigger picture. See more at: https://fiingate.vn/