tailieunhanh - INTER-MINISTERIAL CIRCULAR No. 13-TTLB OF OCTOBER 8, 1997

No: 13/TTLB Ha Noi, day 08 month 10 year 1997 INTER-MINISTERIAL CIRCULAR No. 13-TTLB OF OCTOBER 8, 1997 GUIDING THE HIRING OF MANAGERIAL ORGANIZATIONS TO MANAGE BUSINESS ACTIVITIES OF FOREIGN INVESTED ENTERPRISES | THE MINISTRY OF PLANNING AND INVESTMENT - THE MINISTRY OF FINANCE No 13 TTLB SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness Ha Noi day 08 month 10 year 1997 INTER-MINISTERIAL CIRCULAR No. 13-TTLB OF OCTOBER 8 1997 GUIDING THE HIRING OF MANAGERIAL ORGANIZATIONS TO MANAGE BUSINESS ACTIVITIES OF FOREIGN INVESTED ENTERPRISES Pursuant to the Law on Foreign Investment in Vietnam adopted on November 12 1996 by the National Assembly of the Socialist Republic of Vietnam Pursuant to Decree No. 12-CP of February 18 1997 of the Government detailing the implementation of the Law on Foreign Investment in Vietnam Pursuant to Decree No. 75-CP of November 1 1995 of the Government defining the functions tasks and organizational structure of the Ministry of Planning and Investment Pursuant to Decree No. 178-CP of October 28 1994 of the Government defining the tasks powers and organizational structure of the Ministry of Finance. The Ministry of Planning and Investment and the Ministry of Finance hereby issue the following Circular to guide the hiring of managerial organizations to manage business activities of foreign invested enterprises I. OBJECTS AND SCOPE OF REGULATION . This Circular provides for the hiring of managerial organizations to manage business activities of foreign invested enterprises which include joint venture enterprises and enterprises with 100 foreign investment capital hereafter referred to as enterprises for short . . The hiring of a managerial organization to manage business activities of an enterprise is the hiring of management and commercial operation of a project of the enterprise in the course of its business. . To be allowed to hire a managerial organization a foreign invested enterprise must meet the following conditions - The hiring of a managerial organization must be based on the enterprise s business management need and the expected business efficiency of such hiring. - The hiring of a managerial organization shall apply .