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blue-check A Joint Stock Company with less than 50% state capital shall not comply with the Law on public investment

Official letter No. 70/BXD-HDXD dated January 7th, 2022 of the Ministry of Construction regarding determination of type of investment capital in construction project of a joint stock company with capital of state - owned enterprise
Posted: 21/1/2022 3:27:07 PM | Latest updated: 10/2/2022 2:57:00 PM (GMT+7) | LuatVietnam: 5385 | Vietlaw: 546
VietlawOnline

According to clause 11 Article 4 of the Law on Enterprise No. 59/2020/QH14status2 , a company with state capital less than 50% is not a state-owned enterprise.

Accordingly, the Ministry of Construction assumes that a construction project of company with state share less than 50% shall not be subject to the regulations provided for projects funded by state capital other than public investment capital.

The investor only needs to study, implement the investment according to regulations of laws on construction, laws on investment and related laws.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 546
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