The new law of Vietnam has been promulgated that restrict the investment of state-owned enterprise in its non-core business areas. According to Decree 71/2013/ND-CP dated July 11th, 2013, state-owned enterprises are not allowed to make capital contribution or investment in real estate sector (excluding the business with business line in the real estate sector), in banks, insurance companies, securities firms, venture capital funds, securities investment fund or investment company securities, except in special cases as decided by the Prime Minister.
In addition, state-owned enterprises are not allowed to make capital contribution and share purchase in enterprises managed by or owned by the relatives of the Chairman, members of the Board members, CEO, Director of the respective state-owned enterprises.
This regulation will be effective from Sep 1st, 2013.
ANT Lawyers – your lawyers in Vietnam.
The stock market is one of the most important areas for raising capital and meeting…
A New Era of Opportunity or Complexity for Foreign Businesses in Hanoi? Imagine standing in…
On November 30, 2024, the National Assembly officially passed the Electricity Law Amendment 2024, marking…
The decision by Vietnam to ban e-cigarettes is a turning point in public health policy.…
The Hidden Cost of Ignorance in Vietnam’s Real Estate Market Imagine that you have invested…
With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…
This website uses cookies.