THE MINISTRY OF FINANCE
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
------------
No: 22/2002/TT-BTC
Hanoi, March 11, 2002
 
CIRCULAR
GUIDING THE HANDLING OF FINANCIAL MATTERS AND ACCOUNTING BY VIETNAMESE STATE ENTERPRISES WHICH HAVE CONTRIBUTED CAPITAL FOR SETTING UP JOINT-VENTURE ENTERPRISES UNDER THE LAW ON FOREIGN INVESTMENT IN VIETNAM WHEN THESE JOINT-VENTURE ENTERPRISES TERMINATE OPERATION
Pursuant to the November 12, 1996 Law on Foreign Investment in Vietnam and the June 9, 2002 Law Amending and Supplementing a Number of Articles of the Law on Foreign Investment in Vietnam;
Pursuant to the Government’s Decree No. 24/2000/ND-CP of July 31, 2000 detailing the implementation of the Law on Foreign Investment in Vietnam;
Pursuant to the Government’s Decree No. 04/2000/ND-CP of February 11, 2000 detailing the implementation of the Law Amending and Supplementing a Number of Articles of the Land Law;
The Ministry of Finance hereby guides the handling of financial matters and accounting by Vietnamese State enterprises which have contributed capital for setting up joint-venture enterprises under the Law on Foreign Investment in Vietnam when these joint-venture enterprises terminate operation as follows:
I. GENERAL PROVISIONS
1. Subjects and scope of application:
This Circular prescribes the handling of financial matters and accounting related to:
1.1. The portions of assets and capital of State enterprises, which are divided from joint ventures when the latter terminate operation in the following cases:
- At the expiry of the term defined in the investment license;
- Under conditions for operation termination specified in the joint-venture’s contract or charter;
Click Download to see full text