According to Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested enterprises (FIEs) can convert into joint-stock companies if they meet the following conditions:

According to Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested enterprises (FIEs) can apply for conversion into joint-stock companies.

The non-refundable transfer of assets to the Vietnamese party from the foreign party in the foreign-invested joint venture enterprise is based on the voluntary principle and is stipulated in the joint venture agreement and the investment license.