“Responding to this, the National Assembly Standing Committee (NASC) instructed the inclusion of provisions for managing enterprises where the State directly invests under 50 per cent of charter capital, specifying the role of “State capital representatives in joint-stock companies or two-member limited liability companies”.
It ensures comprehensive management and investment of State capital in enterprises with 50 per cent or less State ownership, based on the principle that wherever State capital exists, there must be corresponding State oversight, with appropriate measures.” – Viet Nam News
Source: Draft Law On State Capital Gives More Power To Firms
Draft Law On State Capital Gives More Power To Firms
