According to Government Decree 38/2003/ND-CP dated April 15, 2003 on conversion of foreign-invested enterprises into joint-stock companies

For foreign-invested joint ventures operating in important economic fields, parties to the joint venture can agree on the increase of legal capital by the Vietnamese party in the joint venture contract.

The State Committee for Cooperation and Investment (now the Ministry of Planning and Investment) says in Circular 215UB/LXT dated February 8, 1995 giving guidelines for foreign investment in Vietnam, that foreign-invested enterprises are allowed to increase capital for the following activities