Decree No. 29/2014/L-CTN enacts the Law on Management and Use of State Capital for Investment in Business Operations at Enterprises. This Law stipulates the management and use of state capital invested in enterprises to ensure the effectiveness of state capital utilization.
Key points
- Enterprises manage and use state capital in accordance with the provisions of the Law
- State administrative agencies have the responsibility to monitor and control the management and use of state capital
- investment must comply with regulations regarding reporting and information on business operation status
🌐 Social impact of this document
- Positive impact: Ensuring the effectiveness of state capital utilization, enhancing management and supervision.
- Negative impact: It may cause difficulties in enterprise business operations if non-compliance with regulations occurs.
❓ Frequently asked questions
What obligations do enterprises need to fulfill?
Enterprises must comply with regulations on the management and use of state capital and report information on business operation status as required by state administrative agencies.
Which agency is responsible for supervising the management and use of state capital?
State administrative agencies have the responsibility to monitor and control the management and use of state capital invested in enterprises.
What sanctions will enterprises face if they violate the regulations?
If enterprises violate the regulations on the management and use of state capital, they may be subject to administrative penalties as prescribed by law.
When does this decision come into effect?
The Decree announcing the Law on Management and Use of State Capital for Investment in Business Operations at Enterprises takes effect immediately upon signature by the President of the State.
To which types of enterprises does this Law apply?
This Law applies to all enterprises investing and using state capital, including both state-owned enterprises and those with state shareholding.
Full text
| PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
| No.: 29/2014/L-CTN | Hanoi, December 8, 2014 |
ORDER
Regarding the promulgation of the Law
_______
CHAIRMAN
SOCIALIST REPUBLIC OF VIET NAM
On the basis of Article 88 and Article 91 of the Constitution of the Socialist Republic of Vietnam;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 57 of the Law on the Issuance of Legal Normative Documents,
NOW PROMULGATE
LAW ON MANAGEMENT AND USE OF STATE CAPITAL FOR INVESTMENT IN PRODUCTION AND BUSINESS OPERATIONS AT ENTERPRISESsession number
Passed by the National Assembly of the Socialist Republic of Vietnam, XIIIth session, eighth meeting, on November 26, 2014./.
|
CHAIRMAN SOCIALIST REPUBLIC OF VIET NAM Truong Tan Sang |
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