On May 04, 2018, the Ministry of Finance of Vietnam issued Circular No. 40/2018/TT-BTC, which provides guidelines for initial share offering and management and use of proceeds from the equitization of state-owned enterprises and single-member limited liability companies with 100% charter capital invested by state-owned enterprises.
According to Decree No. 126/2017/ND-CP of Vietnam’s Government, surplus or deficit assets compared to the equitized enterprise value decided and published shall be disposed of as follows:
“Equitized enterprise” is any enterprise mentioned in Clause 2 and Clause 3 Article 2 of Decree No. 126/2017/ND-CP of Vietnam’s Government and converted into the joint stock company stated herein.
According to Vietnam’s regulations, “equitization expense” is an expense directly related to the process of enterprise equitization from the date of equitization decision to the date of equitization.
On November 16, 2017, the Government of Vietnam issued Decree No. 126/2017/ND-CP on conversion from state-owned enterprises and single-member limited liability companies with 100% of charter capital invested by state-owned enterprises into joint-stock companies.
Recently, the Government of Vietnam issued Decree No. 126/2017/ND-CP on conversion from state-owned enterprises and single-member limited liability companies with 100% of charter capital invested by state-owned enterprises into joint-stock companies.
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