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Moving a BusinessTuesday, 03/29/2005, 11:05

Conversion of Foreign-invested Enterprises into Joint-stock Companies

According to Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested enterprises (FIEs) can apply for conversion into joint-stock companies.
Conversion of Foreign-invested E


Conversion of Foreign-invested Enterprises into Joint-stock Companies


According to Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested enterprises (FIEs) can apply for conversion into joint-stock companies.

The transformation of FIEs into foreign-invested joint-stock companies is aimed to:

1-Boost the efficiency of FIEs.
2-Mobilize capital from local and foreign investors to renovate technology, create more jobs and expand business.
3-Diversify investment forms and improve the investment environment to attract foreign capital.
4-Create more commodities for Vietnam�s stock market.

FIEs can be converted into joint-stock companies under the following forms:

1- Retain the value of enterprises and investors
2- Transfer part of the value to new shareholders
3- Retain the value or transfer part of the capital and issue extra shares to raise capital.
 

 


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