3:26:27 PM | 7/8/2005
Financial Management in State Companies
The government has issued a Decree on the financial management of State companies and State investments in other enterprises. According to the Decree, capital must be registered in the statute of the State companies; the owner or representative of ownership approves the initial capital and increases the registered capital upon endorsement by the Finance Ministry. Competent authorities transfer State capital in 60 days after concerned State companies receive business licenses.
Concerning State capital and investments in other enterprises, State one-member limited reliabilities companies must implement rights and obligation in accordance with the Enterprise Law.
Vietnamese
