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Closing a BusinessTuesday, 03/29/2005, 11:15

Termination of Foreign-invested Joint-stock Companies

According to Government Decree 38/2003/ND-CP dated April 15, 2003 on conversion of foreign-invested enterprises into joint-stock companies
Termination of Foreign-invested


Termination of Foreign-invested Joint-stock Companies
 

According to Government Decree 38/2003/ND-CP dated April 15, 2003 on conversion of foreign-invested enterprises into joint-stock companies, the procedure for termination of the operation of foreign-invested joint-stock companies, liquidation of their assets and dissolution of the companies is as follows:

-The Ministry of Planning and Investment issues a decision to terminate the operation of the foreign-invested joint-stock company,
-The company must establish a liquidation board to liquidate its assets.

After completion of the liquidation, the company must submit the liquidation file to the ministry for consideration.

The bankruptcy of foreign-invested joint-stock companies is conducted in accordance with Vietnamese regulations for business bankruptcy.
 

 


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