Members of the Board of Members of State-Owned General Corporations Do Not Need a University Degree

11:42, 11/07/2024

This is a notable new point mentioned in Decree 148/2017/ND-CP regulating the Charter of organization and operation of the State Capital Investment Corporation (SCIC).

To be specific:, the new standard for being a member of the Members' Council of the State Capital Investment Corporation (SCIC) does not require a university degree, unlike the old regulation which required a university degree or higher.

In addition, candidates must also meet the following conditions:

- Be a Vietnamese citizen, permanently residing in Vietnam;- Have professional qualifications and experience in business management;- Be in good health and possess good moral qualities;- Not be a relative of the heads, chief accountants, controllers at SCIC;- Not be officials and public employees;- Never have been dismissed from the positions of head officials of state-owned enterprises.

Decree 148/2017/ND-CP is effective from December 25, 2017, replacing Decree 57/2014/ND-CP.

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