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Article: Vietnam to Boost Joint-Stock Companies
- Article from:
- Xinhua News Agency
- Article date:
- May 19, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The Vietnamese government has decided to convert a number of
state-owned enterprises into joint-stock companies, the official
Vietnam News Agency (VNA) reported today.
This measure, which was promulgated in a government decree
released early this month, aimed to mobilize more capital from the
enterprises and other domestic and foreign organizations to develop
the country's economy, the VNA said.
To date, eight state-run enterprises in Vietnam have been
experimentally turned into joint-stock companies in accordance with
company laws.
Under the decision, those which will not be turned into
joint-stock companies include enterprises engaging in electricity
production, water supply, petrol, oil ...