Sale of State shares in unlisted joint stock company

Here is a flow chart where State shares held by a Top Level SOE in an unlisted joint stock company can be sold at a price higher than par value. This post is contributed by my colleague, Tran Thanh Tra.

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Tax on transfer of shares with land use right origin

Under Vietnamese tax regulations, if:

a company contributes land use right (LUR) to the charter capital of a company and receives shares or capital contribution in return (LUR-Originated Shares); and
such company subsequently transfers the LUR-Originated Shares to a third party then the proceeds from the sale of LUR-Originated Shares may be treated as income from sale of real estate (instead of sale of securities) under the corporate income tax regulations. This may result in different tax implication and payment.

M&A Transactions involving state owned enterprises in Vietnam

Here is the presentation on M&A transactions involving State owned enterprise that I presented last week in Bangkok thanks to arrangements by Clifford Chance's Bangkok office.

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Foreign investment in restaurants in Vietnam

A foreign investor wishing to invest in a restaurant in Vietnam should note the following potential legal issues, among other things:

Vietnam Business Law