... to the public in Vietnam are as follows: Vietnam Investment Guide Capital Markets (a) the issuer must have, at the time of registration of the offer, minimum paid-up charter capital of VND 10... closed investment fund and member’s fund (“Circular 224”) Article 21.2 of Circular 224 2 A © Clifford Chance, August 2013 Vietnam Investment Guide Capital Markets (ii) A minimum of thirty (30) capital- contributing... entities) Organizations contributing capital for the establishment of a member fund may only use their own capital, (excluding trusted capital for investment and capital owed to other organizations