Last updated: Thursday, May 16, 2013
Please let us about the right to capital contribution, shares purchasing?Posted: Tuesday, October 30, 2007
On September 5th, 2007, the Government issued Decree No.139/2007/ND-CP (the “Decree”) guiding in detail the implementation of some articles of the Law on Enterprise relating to establishment, management organization, operation, re-organization and dissolution of enterprise. Accordingly, the right to capital contribution, shares purchasingis stipulated as follows:
All of the organizations being legal entities included the foreign enterprises, no distinguishing a place registering a head offices and all individuals, no distinguishing residence and nationality, if it did not belong to object as stipulated in Article 13 of Law on Enterprise, have the rights to capital contribution, shares purchasing of enterprises with unlimited level.
However, with respect to a foreign investor, their share owned ratio in some special enterprises such as: listed company, 100 per cent state owned capital equalizing companies, enterprises conducting the services are applied the schedule of specific commitments about service commerce (annexed to the Protocol of Accession World Trade organization of Vietnam) shall be limited under the regulations of special laws.
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