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Moving a BusinessTuesday, 03/29/2005, 11:08

Conditions for 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 convert into joint-stock companies if they meet the following conditions:
Conditions for Conversion of For


Conditions for 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 convert into joint-stock companies if they meet the following conditions:

1- Having contributed legal capital in full as stipulated in the investment license
2- Having been in official operation for at least three years with profitable performance in the last year before conversion
3- Having submitted the application for conversion.

The Ministry of Planning and Investment will coordinate with the Ministry of Finance and relevant agencies to select eligible FIEs in the industry, agriculture and service sectors and submit the list to the Prime Minister for consideration.
 

 


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