/raɪt ʌv ɪˈstæblɪʃmənt/ – Phrase
Definition: quyền hành nghề tư nhân.
A more thorough explanation: The legal English definition of the term “right of establishment” refers to the right of individuals or companies to set up and manage businesses or other economic activities in a particular country or region, typically within the framework of international trade agreements or domestic laws governing foreign investment. This right allows for the establishment of branches, subsidiaries, or other forms of business presence in a foreign jurisdiction, subject to compliance with relevant regulations and requirements.
Example: The right of establishment allows a foreign company to set up a branch or subsidiary in another country.