According to Government Decree 38/2003/ND-CP dated April 15, 2003 on conversion of foreign-invested enterprises into joint-stock companies, foreign founding shareholders can transfer their shares to foreign individuals and entities.

Foreign investors can use the profit earned from their investment activities in Vietnam to increase the legal capital or the investment capital of an operational project or to invest in another project in Vietnam.

According to Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested joint-stock companies must have at least one foreign founding shareholder.