The Legal Framework for Controlling Beneficial Ownership in U.S. Enterprises and Lessons for Vietnam

Abstract

Abstract: This study examines the U.S. legal framework for regulating beneficial ownership in enterprises, highlighting the role of regulatory authorities in collecting, storing, and sharing ownership information. Drawing from these insights, the research proposes recommendations for Vietnam, including incorporating obligations for disclosing, updating, and verifying beneficial ownership information into the Law on Enterprise, establishing a robust oversight mechanism, and strengthening the role of the Ministry of Finance. Enhancing the legal framework in this direction will improve transparency, align Vietnam with international standards, and create a more attractive investment environment.