Vietnam: What are the functions of the State Capital Investment Corporation?

15:19, 05/11/2013

Recently, the Government of Vietnam signed and issued Decree No. 151/2013/ND-CP on functions, tasks and operation mechanism of the State Capital Investment Corporation.

According to Decree No. 151/2013/ND-CP of Vietnam’s Government, functions and tasks of the State Capital Investment Corporation (below referred to as the Corporation) are prescribed as follows:

tong cong ty dau tu va kinh donh von nha nuoc, nghi dinh 151/2013/NĐ-CP

- To receive the rights of the state owner representative in enterprises as prescribed in Clause 1, Article 7 of this Decree.

- To exercise the rights and perform the obligations of the owner toward enterprises and capital amounts received and directly invested by the Corporation.

- To continue with the reorganization and equitization of, or sale of state-invested capital in. transferred enterprises under current regulations.

- To invest capital in groups, corporations or parent companies operating in the sectors or business lines where the State holds the controlling right.

- To invest capital in projects as designated by the Government or the Prime Minister.

- To invest capital in accordance with law in sectors, fields and projects that will bring about economic benefits.

- To provide investment consultancy, financial consultancy, equitization consultancy, corporate governance consultancy, enterprise ownership transformation consultancy, enterprise merger and acquisition and consultancy and other enterprise support services in accordance with law.

- etc.

View full text in Decree No. 151/2013/ND-CP of Vietnam’s Government, which takes effect from December 20, 2013.

Thu Ba

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