Regulatory Alerts2003-01-13 | 38/2003/NĐ-CPAdded · Updated
Decree 38/2003/ND-CP on the Conversion of Some Foreign-Invested Enterprises to Joint Stock Companies
The Government of Vietnam issued Decree 38/2003/ND-CP to regulate the conversion of certain foreign-invested enterprises into foreign-invested joint stock companies to enhance operational efficiency and attract investment. The decree establishes specific eligibility criteria, such as a three-year operational history with recent profitability, and mandates a detailed approval process led by the Ministry of Planning and Investment. It further defines the rights, obligations, and organizational structure of the resulting joint stock companies, including provisions for share issuance, transfer, and eventual dissolution.
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