Gov’t issues decree on economic groups, corporations

VGP – The Government has issued the Decree 69/2014/ND-CP on establishment, re-arrangement and operation of State economic groups and corporations.

July 19, 2014 4:37 PM GMT+7

With regard to compositions, a State economic group/corporation shall have three levels, including the holding company (the first level enterprise) in which the State owns 100% charter capital or holds the controlling right.

The Decree also stipulates specific conditions on setting up a State economic group/corporation.

The Decree shall take effect since September 1, 2014./.

By Huong Giang