What are conditions for issuing shares to increase capital of public securities investment companies in Vietnam?

Based on Clause 2 Article 257 of Decree 155/2020/ND-CP:

- Conditions for offering shares to increase the capital of a public investment fund management company in Vietnam are as follows:

+ The company charter of the investment fund management company must include provisions on capital increase, and the plan to issue shares for capital increase must be approved by the General Meeting of Shareholders of the company;

+ The business operations of the year immediately preceding the year of registration for the offering must be profitable, and there must be no accumulated losses up to the time of registration for the offering;

+ The securities investment fund management company must meet the requirements as stipulated in point đ Clause 1 of this Article.

Sincerely!