Conditions for a Local Development Investment Fund to Establish an Economic Organization

According to the provisions of Article 19 of Decree 147/2020/ND-CP (Effective from February 5, 2021), the following content is regulated as follows:

- Investment in the establishment of economic organizations, investment in capital contributions, purchase of shares, and capital contributions in economic organizations by the Local Development Investment Fund must meet the following conditions:

+ The investment plan, capital contribution, share purchase, and capital contribution must be evaluated as effective and capable of recovering the investment capital.

+ The economic organization being invested in, or contributed capital to, must have main business industries and sectors listed in the investment and lending fields of the Fund, as issued by the Provincial People's Committee according to the provisions of Article 16 of this Decree.

- The Local Development Investment Fund shall manage and transfer capital contributions in economic organizations in accordance with the law on the management and use of state capital invested in production and business in enterprises.

Respectfully!