Duties and Powers of the State Capital Management Committee at Enterprises

23:44, 11/07/2024

Recently, the Government of Vietnam issued Decree No. 131/2018/ND-CP stipulating the functions, duties, powers, and organizational structure of the State Capital Management Committee at Enterprises.

The State Capital Management Committee at Enterprises is an agency under the Government of Vietnam, assigned to perform the rights and responsibilities of representing the state's capital ownership in joint stock companies and limited liability companies with two or more members.

The State Capital Management Committee at Enterprises has the following duties and powers:

- Propose competent authorities to promulgate, amend, and supplement the charter of state-owned enterprises decided to establish by the Prime Minister of the Government of Vietnam;- Advise and assist the Prime Minister of the Government of Vietnam in exercising rights and responsibilities towards enterprises;- Perform the duties and powers regarding the enterprises wherein the State Capital Management Committee is assigned to represent the state's capital ownership in joint stock companies and limited liability companies with two or more members;- Participate in proposing, promulgating, amending, supplementing, and approving financial management regulations.

More details can be found in Decree 131/2018/ND-CP effective from September 29, 2018.

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