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ARTICLE · 20 NOVEMBER 1995

Vietnam - Legal Overview - Equitization

Mayer Brown
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The laws of Vietnam are complex and new legislation is constantly being introduced. What follows is no more than an introductory overview that we hope will assist investors to decide which areas of law they will need to research further.

This summary is, necessarily, selective and is no substitute for detailed legal advice.

1. This term is used broadly to equate with "privatisation". The concept was new to Vietnam when it was introduced in 1990.

2. Decision No 202/CT was passed in 19)2 and began the experimental process. It was followed by an "Instruction" from the Prime Minister (No 84-TTG) dated 4 March, 1993. Decision No 202/CT was accompanied by Decision No 203/CT. Together, they set out the types of enterprise intended for equitization and the initial enterprises selected.

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