State-owned General Corporation's Investment of Capital Must Comply with 05 Principles

Kim Linh

23:39, 11/07/2024

The Corporation is authorized to use its business capital to invest in projects, fields, and industries based on ensuring the following principles:

- In compliance with the current legal regulations;- In line with the strategy, planning, and development plan of the Corporation approved by the competent authority;- Effective investment;- Consistent with the Corporation's capital balancing capability;- Ensure the Corporation's capital when implementing the investment fields mentioned in Clause 1, Clause 2, Article 17 of Decree 151/2013/ND-CP.

The Decree prescribes cases where the Corporation is not allowed to invest, including:

- Investing, contributing capital, purchasing shares, or buying entire other enterprises where the managers or representatives in those enterprises are spouses, biological fathers, adoptive fathers, biological mothers, adoptive mothers, biological children, adoptive children, siblings, brothers-in-law, sisters-in-law, of the Chairman and members of the Members' Council, Controllers, General Director, Deputy General Directors, or Chief Accountant of the Corporation;- Contributing capital together with subsidiaries to establish joint-stock companies, limited liability companies, or implement business cooperation contracts.

For important infrastructure projects that the State needs to support investment in, the Corporation will participate as a financial investor and mobilize capital both domestically and internationally to implement.

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