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

Foreign-invested joint-stock companies are dissolved in the following cases:

Upon terminating an operation on or prior to the date of expiry stated in the investment license, foreign-invested enterprises (100% foreign-owned or joint venture enterprises) must proceed with the liquidation of assets and liabilities.