M3 is a company with 100% of the charter capital of the company Viettel and state
M3 When Ace and cooperate to establish a new joint venture company will be executed under the law of foreign investment in Vietnam
Kite 8 foreign investment law in Vietnam: The capital contribution of the foreign party or the foreign party to the legal capital of the joint venture is not restricted to the highest level, according to the agreement of the parties, but not less than 30% of legal capital
For multi-party joint venture enterprise, the minimum capital contribution ratio of the foreign party and Vietnam each Party by the Council of Ministers regulations.
Article 11 of the Law on Foreign Investment in Vietnam: The leading body of the factory The joint venture's Board of Directors. The parties appoint their people join the Board in proportion to its share of capital contributions to the legal capital of the joint venture. In the case of joint venture the two sides, each inside at least two members of the Board. In the case of multiple-party joint venture, each party is at least one member of the Board. If in a joint venture with Vietnam Party and many country Parties external or a foreign party and many Party of Vietnam, the Vietnam party or foreign parties at least two members of the Managing Board. Chairman of the Board appointed by the parties to the agreement. General Director and deputy director appointed by the Board of Directors to oversee the daily operations of the enterprise and is responsible before the Board on the activities of the enterprise. The general director or the first deputy general director is Vietnamese citizen".
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