Capital Contribution For Enterprise Establishment
CAPITAL CONTRIBUTION FOR ENTERPRISE ESTABLISHMENT
- Form of capital contribution
BVDIF shall provide capital to set up new enterprises under the form of limited liability company or joint stock company in line with the Enterprise Law to directly invest in projects within the List of priority investment sectors for the provincial socio-economic infrastructure development approved by the Provincial People’s Committee in accordance with Decree No. 37/2013/ND-CP.
- Maximum contributed capital
The maximum contributed capital to establish enterprises is 20 percent of the Fund’s equity capital at that time.
- Approval of capital contribution
3.1. Contributed capital per enterprise above 10 percent of the Fund’s equity capital must be approved by the Provincial People’s Committee.
3.2. Contributed capital per enterprise less or equal 10 percent of the Fund’s equity capital must be approved by the Fund’s Management Council.