Vietnam 2020 INSTRUCTION ON HANDLING A NUMBER OF PROBLEMS ARISING IN ENTERPRISE’S INVESTMENT

Date
2020-11-24 10:59

INSTRUCTION ON HANDLING A NUMBER OF PROBLEMS ARISING IN ENTERPRISE’S INVESTMENT



On May 21, 2020, the Government issues the Resolution No. 75/NQ-CP providing the handling of problems with a number of investment projects of enterprises which the Committee for Management of State Capital at Enterprises representing the ownership.

To be specific, for Group A projects, before making a feasibility study report on construction investment, the enterprise shall prepare a pre-feasibility study report on construction investment in accordance with the Construction Law.

In addition, for projects with a value of not more than 50% of equity capital and not exceeding the capital level of Group B projects specified at Point a, Clause 1, Article 24 of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises, the Members' Council or the company president shall decide on investment in projects in accordance with the conditions and procedures stipulated in this Law;

The ministries shall be the governing agency and decide on the investment in projects using central budget capital to form public assets and assign them to enterprises for management but not including the composition of State capital at the enterprises.

The Committee for Management of State Capital at Enterprises shall perform the rights of representing the ownership in accordance with regulation of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises and the Decree No. 131/2018/ND-CP.

This Resolution takes effect from the date of its signing.