Chapter V
RIGHTS AND OBLIGATIONS OF SHAREHOLDERS BEING FOREIGN INVESTORS AND OF PRODUCERS AND SUPPLIERS OF RAW MATERIALS FOR ENTERPRISES ENGAGED IN PROCESSING AGRICULTURAL, FOREST AND AQUATIC PRODUCTS
Article 28.- Rights and obligations of shareholders being foreign investors
1. To be entitled to participate in managing the joint-stock companies according to the provisions of law and the joint-stock companies organization and operation charters.
2. To be entitled to pledge their share certificates in credit relations in Vietnam.
3. To be entitled to change revenues being dividends, money amounts earned from the transfer of shares in Vietnam into foreign currencies for remittance abroad after having fulfilled tax obligations according to law provisions.
Where foreign investors use their earned dividends for reinvestment in Vietnam, they shall be entitled to preferences under the provisions of the Domestic Investment Promotion Law.
4. To be entitled to participate in transactions on the Vietnamese securities market and be obliged to observe the Vietnamese Government’s stipulations on the foreign parties participation in the Vietnamese securities market after the joint-stock companies have effected their listings on the securities market.
5. To have other rights and obligations as prescribed by Vietnamese laws and the joint-stock companies organization and operation charters.
Article 29.- Rights and obligations of the producers and suppliers of raw materials for enterprises engaged in processing agricultural, forest and aquatic products
1. To be entitled to buy shares, including those at preferential prices, in the enterprises they have supplied raw materials for, with a 30% discount from the original face value of such shares. The total value of preferential shares shall not exceed 10% of the value of the State capital portions at the enterprises. Share certificates of these shares shall be the registered ones and subject to the conditionally transfer as prescribed for the transfer of the shares bought at preferential prices by the laborers in the equitized enterprises.
2. To be entitled to pledge share certificates in credit relations in Vietnam.
3. To be responsible for supplying raw materials for enterprises under the signed contracts.
4. To have other rights and obligations as prescribed by law and the joint-stock companies organization and operation charters.