Law No. 14/2003/QH11 dated November 26, 2003 of the National Assembly on State Enterprise

THE NATIONAL ASSEMBLY -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------
No: 14/2003/QH11	Hanoi, November 26, 2003

LAW

ON STATE ENTERPRISES
(No.14/2003/QH11 of November 26, 2003)

Pursuant to 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No.51/2001/QH10 of December 25, 2001 of the X^th National Assembly, the 10^th session;

This Law prescribes the State enterprises,

Chapter I

GENERAL PROVISIONS

Article 1.- State enterprises

State enterprises are economic organizations where the State owns the entire charter capital or holds dominant shares or contributed capital, which are organized in the form of State companies, joint-stock companies or limited liability companies.

Article 2.- Scope of regulation and subjects of application

1. The regulation scope of this Law shall cover:

a) The prescription of the establishment, reorganization, dissolution, ownership conversion, organization of management and operation of State companies;

b) Regulation of relationships between the owner being the State and the representative of the State's contributed capital portions at enterprises where the State owns the entire charter capital or enterprises where the State holds dominant shares or contributed capital.

2. The subjects of application of this Law shall include:

a) The State companies;

b) The representatives of the State's contributed capital portions at State-run joint-stock companies, one-member State-run limited liability companies, State-run limited liability with two or more members;

c) The representatives of the State's contributed capital portions at enterprises where the State holds dominant shares or contributed capital.

For representatives of the State's contributed capital portions at enterprises where exists a portion of State capital, the Government's regulations shall be complied with;

d) For special State companies in direct service of defense and/or security, the provisions of this Law and the Government's specific regulations shall be complied with.