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Jouer Froggy Jumps
    • 1. What is a BCC according to Vietnamese law?
    A
    A business cooperation contract where profits are shared without creating a new legal entity
    B
    A joint-stock company contract
    C
    A partnership contract requiring the establishment of a new legal entity
    2. Where is the BCC regulated in Vietnamese law?
    A
    Law on Enterprises 2020
    B
    Law on Investment 2020 and related guiding documents
    C
    Labor Code 2019
    3. Who can sign a BCC?
    A
    Only foreign investors
    B
    Only domestic individuals and organizations
    C
    Any individual or organization, whether domestic or foreign
    4. Do parties need to establish a new company to execute a BCC?
    A
    Yes, they must establish a new joint venture
    B
    No, they can directly execute the BCC
    C
    No, but they must register as a limited liability company
    5. How are the rights and obligations of the parties in a BCC regulated?
    A
    They are regulated by the court
    B
    They are decided by the government
    C
    They are detailed in the contract and by applicable law
    6. What is the duration of a BCC investment project inside an economic zone?
    A
    No more than 70 years
    B
    No more than 50 years
    C
    No more than 60 years
    7. Can a BCC be extended?
    A
    No, it cannot be extended
    B
    Yes, if the original contract allows it
    C
    No, a new contract must be signed
    8. Does a BCC require a specific capital contribution ratio?
    A
    Yes, but only for foreign investors
    B
    Yes, the law specifies the ratio
    C
    No, the parties agree on the contribution ratio
    9. What are the essential contents of a BCC?
    A
    Objectives, rights, obligations, duration, and financial terms
    B
    Financial statements
    C
    Government approval letter
    10. How are disputes in a BCC resolved?
    A
    By the court only
    B
    By government intervention
    C
    According to the contract agreement or applicable law
    11. Can a BCC be terminated before the expiry date?
    A
    Yes, with mutual consent or in cases of contract violation
    B
    No, it must last until the expiry date
    C
    No, it automatically continues until completed
    12. Can a BCC be declared invalid?
    A
    Yes, if it violates legal regulations
    B
    Yes, but only by mutual agreement
    C
    No, unless a court intervenes