The Ministry of Finance has decided to extend the validity of two circulars guiding the equitization of State-owned enterprises.
They include the Circular No. 32/2021/TT-BTC (Circular 32) and the Circular No. 46/2021/TT-BTC (Circular 46), which will remain effective until they are replaced or abolished by new legal regulations.
Circular 32, issued on May 17, 2021, provides guidance on the initial public offering and the management and use of proceeds from the equitization of state-owned enterprises and single-member limited liability companies wholly invested in by state-owned enterprises transitioning into joint-stock companies.
The Circular 46, issued on June 23, 2021, provides guidance on certain aspects of financial handling and determining the value of enterprises when converting state-owned enterprises and single-member limited liability companies wholly invested in by state-owned enterprises into joint-stock companies.
The extension is aimed at facilitating the equitization of State-owned enterprises in line with the implementation of the Law on Management and Investment of State Capital in Enterprises.
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