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Name: Decree No. 44/1998/ND-CP on the transformation of state enterprises into joint-stock companies.
Country: Viet Nam
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1998-06-29
Entry into force:
Published on: Cong Bao [English translation], 1998-08-20, No. 23, pp. 3-8
ISN: VNM-1998-L-50748
Bibliography: Cong Bao [English translation], 1998-08-20, No. 23, pp. 3-8
Foreign Investment Laws of Vietnam, Ministry of Planning and Investment and Philips Fox, Section XIV
Abstract/Citation: Provides for the buying of shares in state enterprises by Vietnamese citizens, overseas Vietnamese, and foreigners residing in Vietnam. The types of enterprises for which such shares shall be available are listed in the Appendix. Enterprises shall be entitled to maintain welfare funds or distribute any funds to workers before becoming joint stock companies. Furthermore, workers shall receive preferences for buying shares in enterprises, with the option of delayed payments for destitute workers.
Repealed text(s):

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