Pursuant to Decision No. 120/2005/QĐ-TTg of the Government Prime Minister, the restructuring form for some state-owned enterprises under the People's Committee of Phu Tho Province shall be adjusted, while determining alternative solutions for businesses that cannot be listed. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Scope of application
State-owned enterprises under the People's Committee of Phu Tho Province
Key points
- State-owned enterprises under the People's Committee of Phu Tho Province shall have their restructuring forms adjusted according to the Appendix attached to this Decision.
- Businesses that cannot be listed shall proactively transfer to one of the following forms: auction sale, dissolution, bankruptcy, and report to the Government Prime Minister.
- State-owned forest farms shall implement restructuring in accordance with Decree No. 200/2004/NĐ-CP of the Government on restructuring, reforming, and developing state-owned forest farms.
🌐 Social impact of this document
- Positive impact: Helps improve the operational efficiency of state-owned enterprises through the adjustment of restructuring forms.
- Negative impact: May cause instability in management and operations of some businesses, and increase costs for the transition process.
❓ Frequently asked questions
How will the restructuring form of state-owned enterprises under the People's Committee of Phu Tho Province be adjusted?
According to Decision No. 120/2005/QĐ-TTg, the restructuring form of state-owned enterprises under the People's Committee of Phu Tho Province shall be adjusted according to the Appendix attached to this Decision.
What alternative solutions will businesses that cannot be listed implement?
Businesses that cannot be listed shall proactively transfer to one of the following forms: auction sale, dissolution, bankruptcy, and report to the Government Prime Minister.
What regulations will state-owned forest farms follow for restructuring?
State-owned forest farms shall implement restructuring in accordance with Decree No. 200/2004/NĐ-CP of the Government on restructuring, reforming, and developing state-owned forest farms.
When does this Decision take effect?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Who is responsible for implementing this Decision?
The Chairman of the People's Committee of Phu Tho Province and the Heads of relevant agencies shall be responsible for implementing this Decision.
Full text
| PRIME MINISTER ******** |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ******** |
| Number: 120/2005/QĐ-TTg | Hanoi, May 30, 2005 |
DECISION OF THE PRIME MINISTER
Regarding the adjustment of restructuring forms for certain state-owned enterprises
under the People's Committee of Phu Tho Province
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Decision No. 155/2004/QĐ-TTg dated August 24, 2004 of the Prime Minister on issuing criteria and classification lists for state-owned enterprises and independent accounting member companies under state-owned corporations;
Considering the proposal of the People's Committee of Phu Tho Province (in Circular No. 668/TT-UB dated April 14, 2005),
DECISION:
Article 1. Adjust the restructuring form and time for certain state-owned enterprises under the People's Committee of Phu Tho Province as set out in the Appendix attached hereto.
For businesses that cannot be equitized, take the initiative to convert to one of the following forms: auction sale, dissolution, bankruptcy, and report to the Prime Minister.
State-owned forest enterprises shall implement restructuring in accordance with Decree No. 200/2004/NĐ-CP dated December 3, 2004 of the Government on restructuring, reforming, and developing state-owned forests.
Article 2. The Chairman of the People's Committee of Phu Tho Province directs the implementation of restructuring and reform of state-owned enterprises directly under its jurisdiction approved in Decision No. 379/QĐ-TTg dated April 7, 2003 and this Decision.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the People's Committee of Phu Tho Province and heads of relevant agencies are responsible for implementing this Decision./.
|
DEPUTY PRIME MINISTER
VICE-PRESIDENT OF THE GOVERNMENT
(Signed)
Nguyen Tan Dung
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