Decree No. 24/2003/L-CTN promulgates the Law on State Enterprises, which was passed by the National Assembly, Session XI, on November 26, 2003. This document stipulates the activities of state enterprises.
Key points
- State enterprises shall not engage in activities contrary to the law and must comply with the provisions of the Law on State Enterprises.
🌐 Social impact of this document
- Positive impact: Ensuring transparency and efficiency in the operations of state enterprises, enhancing the quality of management and operation.
- Negative impact: It may impose administrative burdens on state enterprises.
❓ Frequently asked questions
Who does the Law on State Enterprises apply to?
The Law on State Enterprises applies to state enterprises, including joint-stock companies and limited liability companies where the State holds 100% of the charter capital.
What can state enterprises do according to the Law?
According to the Law on State Enterprises, state enterprises shall not engage in activities contrary to the law. They must comply with the regulations concerning business operations and enterprise management.
When did the Law on State Enterprises come into effect?
The Law on State Enterprises was passed by the National Assembly on November 26, 2003, and took effect from the date of promulgation.
What regulations must state enterprises comply with?
State enterprises must comply with regulations concerning business operations, enterprise management, and other legal conditions set forth in the Law on State Enterprises.
Does the Law on State Enterprises apply to private enterprises?
No, the Law on State Enterprises only applies to state enterprises, including joint-stock companies and limited liability companies where the State holds 100% of the charter capital.
Full text
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PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM ______________________ |
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Number: 24/2003/L-CTN |
Hanoi, December 10, 2003 |
ORDER
REGARDING THE ANNOUNCEMENT OF THE LAW ON STATE ENTERPRISES
PRESIDENT OF THE SOCIALIST REPUBLIC OF VIETNAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 50 of the Law on Legislative Regulatory Documents;
NOW PROMULGATES:
The Law on State Enterprises.
Was passed by the National Assembly of the Socialist Republic of Vietnam, Session XI, fourth session, on November 26, 2003./.
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PRESIDENT OF THE STATE |
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