On 5 November 2009, the Government issued Decree No. 101/2009/ND-CP on piloting the establishment, organisation, operation and management of State economic groups, effective on 20 December 2009 ("Decree 101").
State economic groups are established on a pilot basis for the purposes of:
For more information about Decree 101, see Mayer Brown's 25 November 2009, Client Alert "New Decree on Establishing State Economic Groups".
On 11 February 2010, Deputy Prime Minister Nguyen Sinh Hung issued Official Letter No. 294/TTg-DMDN to request each State economic group to observe the following provisions of Decree 101:
A parent company, as stipulated in Decree 101, is an enterprise whose charter capital is wholly owned or whose controlling right is held by the State.
For inquiries related to this Client Alert, please contact:
Dao Nguyen ( )
Thinh Dan ( )
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