Regulatory Alerts2005-06-14 | 10738/BTC-TCDNAdded · Updated
Guidance on Implementing Shareholding and Stock Market Participation for State-Owned Enterprises
The Ministry of Finance issues guidance to ministries, provincial committees, and state-owned corporations on implementing Prime Minister's Decision 528/QĐ-TTg regarding the sale of shares and listing of state-owned enterprises on the stock market. The document mandates specific procedures for initial share sales, capital reduction, and registration for trading or listing at the Hanoi and Ho Chi Minh City stock exchanges, including strict eligibility criteria and timelines. It assigns clear responsibilities to state capital representatives and the Ministry of Finance to coordinate planning, resolve operational difficulties, and report progress to the Prime Minister by September 2005.
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