Decision No. 1175/QD-TTg approves the restructuring and modernization plan for state-owned enterprises with 100% state capital under the People's Committee of Binh Duong Province for the period 2007-2010. The companies will be transformed into limited liability companies with one member or listed on the stock exchange in 2009.
Scope of application
People's Committee of Binh Duong Province, state-owned enterprises with 100% state capital under the People's Committee of Binh Duong Province.
Key points
- Company of Lottery and Service Binh Duong (2007) and Industrial Investment and Development Corporation (Becamex IDC, 2009) will be transformed into limited liability companies with one member.
- Material and Construction Company (M&C), Than Lye Import-Export Trading Company will be listed on the stock exchange in 2009.
- The Chairman of the People's Committee of Binh Duong Province shall be responsible for directing the implementation of the restructuring and modernization plan for the enterprises.
- This plan shall take effect from the date of signing and apply to relevant agencies.
🌐 Social impact of this document
- Transforming the Lottery and Service Binh Duong Company into a limited liability company with one member will create conditions for the enterprise to operate more effectively, enhancing management capacity.
- Material and Construction Company (M&C), Than Lye Import-Export Trading Company being listed on the stock exchange in 2009 will help strengthen transparency and efficiency in business operations, while creating conditions for investors to participate.
- This decision does not have a significant negative impact on the people or society.
❓ Frequently asked questions
Which companies will be transformed into limited liability companies with one member?
Lottery and Service Binh Duong Company (2007) and Industrial Investment and Development Corporation (Becamex IDC, 2009).
In which year will the enterprises be listed on the stock exchange?
Material and Construction Company (M&C) and Than Lye Import-Export Trading Company will be listed on the stock exchange in 2009.
Who is responsible for directing the implementation of the restructuring and modernization plan?
The Chairman of the People's Committee of Binh Duong Province.
When does this decision take effect?
This decision takes effect from the date of issuance.
Which company will transfer the rights of representing the state capital ownership?
Water Supply and Environment Limited Liability Company Binh Duong to Industrial Investment and Development Corporation, Urban Construction Limited Liability Company Binh Duong to Than Lye Import-Export Trading Company.
Full text
Pursuant to …;
Regarding the approval of the restructuring and modernization plan for state-owned enterprises with 100% state capital under the People's Committee of Binh Duong Province for the period 2007-2010
_________________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on State-Owned Enterprises dated November 26, 2003;
Pursuant to Decree No. 38/2007/QĐ-TTg dated March 20, 2007 of the Government on issuing criteria and classification lists for state-owned enterprises with 100% state capital;
Considering the proposal of the People's Committee of Binh Duong Province,
DECISION:
Article 1. Approves the restructuring and modernization plan for state-owned enterprises with 100% state capital under the People's Committee of Binh Duong Province for the period 2007-2010 as follows:
1. The State continues to hold 100% of the charter capital and converts into a limited liability company with one member:
- Binh Duong Lottery and Service Company (in 2007).
- Becamex IDC Investment and Industrial Development Company (in 2009).
2. Privatize state-owned enterprises with 100% state capital in 2009:
- Material and Construction Company (M&C).
- Thanh Le Import-Export Trading Company.
Article 2. Chairman of the People's Committee of Binh Duong Province:
1. Direct the implementation of the restructuring and modernization plan for state-owned enterprises with 100% state capital under the People's Committee of the province as stipulated in Article 1 of this Decision; coordinate with the Provincial Party Committee of Binh Duong Province to restructure and transform enterprises of the Party according to current laws.
2. Based on the provisions of Decree No. 38/2007/QĐ-TTg dated March 20, 2007 of the Prime Minister on issuing criteria and classification lists for state-owned enterprises with 100% state capital, this Decision determines the proportion of state-held shares in privatized enterprises.
3. Reorganize the Truong Tree Farm in accordance with the provisions of Decree No. 170/2004/NĐ-CP dated September 22, 2004 of the Government on restructuring, modernizing, and developing state-owned farms.
4. Transfer the right to represent state ownership in the charter capital of Binh Duong Drainage and Environment Limited Liability Company to the Investment and Industrial Development Company and the Urban Engineering Limited Liability Company to the Thanh Le Import-Export Trading Company.
Article 3. Ministries: Finance, Planning and Investment, Agriculture and Rural Development, Home Affairs, Labor, Invalids and Social Affairs, and related agencies shall be responsible for coordinating with the People's Committee of Binh Duong Province to implement this Decision.
The Steering Committee for Enterprise Reform and Development shall be responsible for directing, urging, guiding, and monitoring the implementation.
Article 4. This Decision takes effect from the date of issuance. The Chairman of the People's Committee of Binh Duong Province and heads of relevant agencies are responsible for implementing this Decision./.
DEPUTY PRIME MINISTER
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