nghi(in hm v¾ u tu Trong vai nam gan dfiy, vi(c mua biin cfi phan, siip ii h(ap giiia c:ic cfing ty Vi(t Nam va doanh nghi(p hay c:ie quy dau tu' niriic ngoai dfi trii’ nén kh:i quen thuoc Tuy nhien, khong ph:i i doanh nghi(p nao ciing hoan toan hai long véi nhiiiig dol tac ma minh d"a chpn lua Xéc d]nh mqc dich tru’iic kf Khi dam phan voi doi tac nuoc ngoai, viec soan th:to hpp dong ban dau la vfi ciing quan trpng Ba nguyén Th1 Cuc, PhO tong glam doc Cong ty Co phan Vang bac Da quy Phii Nhuan (PNJ) viia ban co phan cho hat quy dau tu nuoc ngoai la VinaCapital va Mekonp Capital, cho biét truoc quyét dinh b:in co phan cho dOi tac n iific ngoal, co ba dieu quan trpng ma doanh nghl(p Viet Nam can xac d|nh ro rang dé tain cc so th:to cac dicu khoan hpp dong Do la ph:i i blet dO1 tac nuoc ngoai sé cam két nam co phan bao lau; sé mang dén lpi ich gi; va sé can thicp Hi muc nao cong ty Cac cong ty nuoc mii doi t:ic nucic ngoai dau tu déu can von dé phat trién, nhung dung qua chu trpng den muc dich ma quen nhfmg lpi ich sau ciia cfing ty, ba Ciic nfii “ n Phan Quoc Cong, Tong gi:inn doc Cong ty ICP, hien dang tiép nhan su dau tu ctia Mekong Capltal, chla sé mot klnh nghiem la quy dau In nuoc ngoai muon dfiu tu v:to mot doanh nghiep Vi(t Nam, hp tim hi éu rfit ky hoat dong ctia doanh nghiep, dac biet I:i ban dieu h:inh v:i cc cau to chuc ii the, cac doanh nghi(p Viet Nam khong nen giau nhiirig diem yéu ciing nhu tri nh bay khfing dung ve thuc luc chi vi muc dich muon m‹ i hp vao bang duoc Nhilng van dé quanh h pp dong Ba Cuc cho biét: tm‹ c ky h pp dong voi doi tac nu’oc ngoai, PNJ da thue mot cong ty Iua(t tu’ van vé luat ph:ip Cac quy dau tit nu‹ c ngoai rat coi trpng vfin de luat phap, cho nen minh ciing khfi ng nén In la chuyen Trong h cip dong, doi tac nuoc ngoai thu’éng yeu cau “néu co su khac biet nao hai ban hpp dong tiéng Viet va tiéng Anh thi sé dua vao ban tléng Anh” Tuy nhien, néu co the, doanh nghl p nén dam ph:in de co du’pc dieu kho:in ngupc lai la “néu co su kh:ic biet nao hai b:in hpp dong tiéng Viet va tiéng Anh thi sé dna vao ban tiéng V1 t”, ba Cuc noi, vi ban tiéng viet la phia doanh nghiep Viet Nam soan ra, se sat vfii y muon cfia cac doanh nghiep Vet Nam The nhung, It eng thpc Ie, diéu la khong de doi vfii nhun g doanh nphiep co thuc luc yéu va thiéu kinh nghiem dam phiin Theo ong Vo Tru‹ ng Thanh, Chti tich kiem Tong gi:tin doc Cong ty Go Tru‘ rig Thanh, vi(c dam ph:in de dl dén cac dieu khoan thoa thu a(n h pp dong ban co phan cho doi tac nuoc ngoai khong ph:ii la van de den gran doi voi doanh nghicp Vict Nam npoai se binh dang v‹ii tat ca cac co dong kh:ic thco Luat Chfmg khoan” Dieu nham han ché nh iing can thi(p qua mdc ctia doi iac nuoc ngoai vao hoat dong ctia cong ty Vi du, bén nu‹ c ngoal ky hpp dong se yeu cau hp ph:i1 co hai ghé ho1 dong quiin tr| Dén khl Cong ty nlém yet, quyén lpi ctia tat ca Co dong den binh dang, co dong nuoc ' co dong Diéu cung phan nao buoc doi tac nufic ngoai phai lua chpn nhiing nguoi co kinh nghiem de ung cu vao hoi dong quan trl, tranh truong h pp cac quy dau tu thiéu nguoi dau tu’ qua nhiéu cu ri hiing ngucii khong co chuyen mon linh vpc hoat dong ctia cong ty vao hoi dong quan tr| Dieu se khién doanh nghiep rat kho khan dna nhung quyét ilinh kinh doanh ilc›i htm kinh nghlclTl Vd S(f Hh anh nh,dy, tiH@ ThdH h n6i “Khi cong ty niem yét, ph:ii thuc hien theo Luat Chi1’ng khoan, nhfmg diéu khoan hop dong khfing phu hop vfii Luat Chung khoan sé bi loai bfi” ciing la mot dieu khoan rat can nghien ctiu doi voi nhung doanh nghi(p muon chuyén nhupng co phan cho nuoc ngoai”, ong Thanh noi Khi dam phan v‹ii doanh n phl p Viet Nam, dOi t:ic nu‹ c ngoal thuéiig dna ban hop dong bang tiéng Anh, co the co ca ban d|ch tiéng Vi(t Tuy nhien, cac cong ty Vi(t Nam nen tu dich lai tit ban tiéng Anh Doanh nphlCp can nho nh iirig nguoi co chuyen mon, am hléu linh c mua ban, s:ip nhap m‹ii tranh duoC Vl(c hiéu lam nhfrng thuat ngu tiéng Anh dvoc su dung hop dong Ong Thanh vi du hpp dong sé co cau tiéng Anh kh1 d|ch tléng Vi(t la “ben mua sé co quyén tu choi dau ti én cac dpt phat hanh niem” “Quyén tit choi dau tien” vua co nghia la quyén us tién tu choi khong mua (khi doi tac nv‹ic ngoai tu choi mua co phan ph:it hanh them, doanh nghi(p m‹ii dupc phép b:in cho doi tac khac) vira la quyen us tién duoc mua co phan nhfrng dpt phat hanh them ctia doanh nghl(p ma nh iirig nguoi khong am hiéu sé khong hléu hét nghia ciia tu Tru’fic ky h pp dong, doanh nghiep Viet Nam thu g tri nh bay cac chi tleU ve hoat dong kinh doanh nhung nam tfii Doi t:ic nufic ngoal Co the dua vao de dira dieu khoan khong tiép tuc nam gl ii Co hi(n dung theo cam két Dé tr:inh viec nay, theo ong Thanh, doanh nghiep nén dam ph:in cac chi tien kha nang co the thuc h1(n du’cic Ong Nguyen Lam Vien, ChU t !ch kiem Tong giam doc Cong ty Vinamit, cho biét mot kinh nghi in: cac b:in h pp dong tiéng Anh, doi t:ic nucic ngoai thuéng std dung cac tu cain tinh nhu “néu ciim thay sé”, “néu khong hai lonp sé” kéni theo mot so dieu ki(n Doanh nghiep Viet Nam can chu y nhii‘ng in’ hpp dong, néu khong co the gay bat lpl ve sau Theo ong Vien, doanh nghiep Viet Nam can car thien diém yéu la su’ thiéu minh bach cac hoat dong kinh doanh, de co tu the ngang hang d:inn ph:in ver doi tac nu‹ic ngoai ... “ben mua sé co quy? ?n tu choi dau ti én cac dpt phat hanh niem” ? ?Quy? ?n tit choi dau tien” vua co nghia la quy? ?n us tién tu choi khong mua (khi doi tac nv‹ic ngoai tu choi mua co phan ph:it hanh... ty, ba Ciic nfii “ n Phan Quoc Cong, Tong gi:inn doc Cong ty ICP, hien dang tiép nhan su dau tu ctia Mekong Capltal, chla sé mot klnh nghiem la quy dau In nuoc ngoai muon dfiu tu v:to mot doanh... Khi dam phan voi doi tac nuoc ngoai, viec soan th:to hpp dong ban dau la vfi ciing quan trpng Ba nguyén Th1 Cuc, PhO tong glam doc Cong ty Co phan Vang bac Da quy Phii Nhuan (PNJ) viia ban co phan