This Decree, issued by the Government on September 21, applies to foreign-invested enterprises and business cooperation contract-based investment projects licensed under the Law on Foreign Investment in Vietnam.
This Decree, issued by the Government on September 21, applies to foreign-invested enterprises and business cooperation contract-based investment projects licensed under the Law on Foreign Investment in
The Decree states that foreign-invested enterprises may decide on re-registration, while parties to business cooperation contracts may decide to register for the renewal of investment certificates for licensed investment projects.
Specifically, joint-venture enterprises and enterprises with 100% foreign capital with two or more owners shall be transformed into one-member limited liability companies; enterprises with 100% of foreign capital invested by a foreign organization or individual shall be transformed into limited liability companies with two or more members; foreign-invested enterprises being limited liability companies shall be transformed into joint-stock companies and vice versa.
(Source: VietnamLaw)
