/ˌkɔːpərˈeɪʃən/ – noun
Definition: hội đoàn, công ty, pháp nhân.
A more thorough explanation: A corporation is a legal entity that is separate and distinct from its owners, known as shareholders. It is created under the laws of a particular state and has the ability to enter into contracts, sue and be sued, own property, and conduct business activities.
Example: The corporation filed a lawsuit against the former employee for breach of contract.