Minutes of the GMS

Article 150. Minutes of the GMS 1. The minutes of the GMS shall be in Vietnamese language (audio recordings and electronic files are optional), may be translated into foreign languages, and shall contain the following information: a) The company’s name, EID number, headquarter address; b) Time and location of the GMS; c) The meeting agenda; d) Full names of the chair and secretary; dd) Summary of developments of the meeting, comments at the GMS on each issue on the agenda. e) Quantities of shareholders and votes [...]

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Meeting and voting protocols

Article 146. Meeting and voting protocols Unless otherwise prescribed by the company’s charter, the following meeting and voting protocol shall be followed: 1. The shareholders that participate in the GMS shall be registered before the meeting is declared open; 2. Election of the chair, secretary and election board: a) The President of the Board of Directors shall assume the role or the chair or authorize a member of Board of Directors to chair the GMS if it is convened by the Board of [...]

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Capital of a joint stock company

Article 112. Capital of a joint stock company 1. A joint stock company’s charter capital is the total face value of the shares sold. The initially registered charter capital of a joint stock company is the total face value of subscribed shares and shall be written in the company’s charter. 2. Sold shares are authorized shares that have been fully paid for the shareholders. Upon registration of a joint stock company, sold shares are the total number of subscribed shares. 3. Authorized [...]

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Joint stock companies

Article 111. Joint stock companies 1. A joint stock company is an enterprise in which: a) The charter capital is divided into units of equal value called shares; b) Shareholders can be organizations and individuals; the minimum number of shareholders is 03; there is no limit on the maximum number of shareholders; a) A shareholder’s liability for the company’s debts and liabilities is equal to the amount of capital contributed to the company by the shareholder; d) Shareholders may transfer their shares to [...]

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Irregular disclosure of information

Article 110. Irregular disclosure of information 1. Information shall be posted the company’s website and printed matters (if any) and displayed at the company’s headquarters and business locations within 36 hours from the occurrence of any of the following events: a) The company’s account is frozen or unfrozen; b) All or part of the company’s business activities are suspended; the certificate of enterprise registration, establishment license, establishment and operation license, operation license or another license relevant to the company’s operation is revoked; c) [...]

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Document retention

Article 11. Document retention 1. An enterprise, depending on its type of business, shall retain the following documents: a) The charter, internal rules and regulations; the member/partner/shareholder register; b) The certificate of Industrial property rights; the certificate of registration of product/service quality; other licenses and certificates; c) Documents proving the enterprise’s ownership of its assets; d) Votes, vote counting records, minutes of meetings of the Board of Members/Partners, General Meeting of Shareholders, Board of Directors; the enterprise’s decisions; dd) The prospectus for offering or listing [...]

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Rights of enterprises

Article 7. Rights of enterprises Every enterprise has the right to: 1. Freely engage in any business line that is not banned by law. 2. Freely run the business and choose a type of business organization; choose business lines, area of operation and type of operation; change the scale of business and business lines. 3. Choose the method of mobilizing, distributing and using capital. 4. Freely find markets, customers and enter into contracts. 5. Export and import. 6. Hire employees in accordance with employment laws. 7. Apply [...]

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Definitions

Article 4. Definitions For the purpose of this document, the terms below are construed as follows: 1. “copy” means a copy extracted from master register or a copy that has been certified by a competent organization or compared to the original document. 2. “foreigner” means a person who has a foreign nationality according to his/her documents. 3. “shareholder” means the individual or organization that holds at least a share of a joint stock company. 4. “founding shareholder” means a shareholder that holds at least [...]

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Periodic disclosure of information

Article 109. Periodic disclosure of information 1. The information shall be periodically posted on the websites of the company and the state ownership representative body: a) Basic information about the company and the company’s charter; b) Overall targets and specific targets in the annual business plan; c) The annual financial statement audited by an independent audit organization within 150 days after the end of the fiscal year and its summary (including the financial statement of the parent company and the consolidated financial statement [...]

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Responsibilities of Controllers

Article 107. Responsibilities of Controllers 1. Comply with regulations of law, the company’s charter, decisions of the state ownership representative body and the code of ethics in performance of their rights and obligations. 2. Exercise and perform their rights and obligations in an honest and prudent manner to protect the lawful interests of the State, the company the parties. 3. Be loyal to the interests of the company and the State; do not abuse their power and position or use the [...]

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