Decision No. 119/2006/QĐ-TTg Issuing the Charter on Organization and Operation of Vietnam Tobacco Corporation under the Holding Company - Subsidiary Model based on relevant laws and decrees. The Decision shall take effect fifteen days from its publication in the Official Gazette.
Scope of application
Vietnam Tobacco Corporation
Key points
- Vietnam Tobacco Corporation shall be organized and operate under the Holding Company - Subsidiary Model based on the Charter issued by the Government.
🌐 Social impact of this document
- Positive impact: Creates a legal basis for the operation of Vietnam Tobacco Corporation under the Holding Company - Subsidiary Model, enhancing management efficiency.
- Negative impact: May increase organizational and management burdens on Vietnam Tobacco Corporation.
❓ Frequently asked questions
Which entity does this Decision apply to?
The Decision applies to Vietnam Tobacco Corporation.
When does the Decision take effect?
The Decision shall take effect fifteen days from its publication in the Official Gazette.
On what basis is the Charter on Organization and Operation of Vietnam Tobacco Corporation issued?
The Charter is issued based on the Law on Government Organization, the Law on State-Owned Enterprises, the Enterprise Law, and Decree No. 153/2004/NĐ-CP.
Which agencies are responsible for implementing this Decision?
The Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairmen of provincial People's Committees, Chairmen of municipal People's Committees directly under the Central Government, and the Board of Directors of Vietnam Tobacco Corporation are responsible for implementing this Decision.
Does the Decision take effect immediately upon signing or must it be published in the Official Gazette?
The Decision shall take effect fifteen days from its publication in the Official Gazette.
Full text
STATE
Pursuant to …;
Issuing the Charter on the organization and operation of Vietnam Tobacco Corporation under the holding company-subcompany model
Vietnam follows the parent company-subsidiary model
______________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the State Enterprise Law dated November 26, 2003;
Pursuant to the Enterprise Law dated June 12, 1999;
Pursuant to the Government's Decree No. 153/2004/NĐ-CP dated August 9, 2004 on the organization and management of state-owned corporations and the transformation of state-owned corporations and independent state-owned companies into a holding company-subcompany model;
Considering the proposal of the Board of Directors of Vietnam Tobacco Corporation.
Pursuant to …;
Article 1. The Charter on the organization and operation of Vietnam Tobacco Corporation under the holding company-subcompany model is hereby issued together with this Decision.
Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.
Article 3. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial and municipal People's Committees directly under the central government, and the Board of Directors of Vietnam Tobacco Corporation are responsible for implementing this Decision./.
DEPUTY PRIME MINISTER
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