New Changes in Vietnam May Affect Foreign Investors - Vietnam Briefing News
New rules outline ratio of charter capital in SOEs
Mar. 23 – In newly-signed decision 14/2011/QDTTg, Vietnam’s government will limit its holdings of 50 percent of the charter capital of power production companies that are bigger than 500 megawatts.
The state will continue to hold 100 percent of the charter capital in businesses involved in defense and strategic industries, as well as in infrastructure systems such as railways, airports, and important seaports and television stations.
The decision will become effective on April 20.