On April 5, 2022, the Government issued Decree 23/2022/ND-CP on the establishment, rearrangement, conversion and transfer of the right to act as the representative of state ownership in the enterprise of which 100% of the charter capital is held by the State which takes effect on June 1, 2022. New regulations on establishment, rearrangement, conversion and transfer of enterprises of which 100% of charter capital is held by the State are addressed in this article.