Decision No. 124/2004/QĐ-BCN on the transfer of Danang Bag Factory under Sai Gon Leather Import-Export Company to Danang Handbag Joint Stock Company.

Decision No. 124/2004/QĐ-BCN of the Ministry of Industry on the transfer of Danang Bag Factory to Danang Handbag Joint Stock Company, stipulates the charter capital structure, actual value, employee benefits, and business sectors of the new company.

Số hiệu124/2004/QĐ-BCN
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Industry and Trade
Người kýBùi Xuân Khu — Thứ trưởng
Cập nhật30/06/2026
Lĩnh vựcUncategorized
Ngày ban hành04/11/2004
Ngày áp dụng29/11/2004
Ngày hết hiệu lực
Tình trạngIn effect
✦ Tóm lược thông minh

Decision No. 124/2004/QĐ-BCN of the Ministry of Industry on the transfer of Danang Bag Factory to Danang Handbag Joint Stock Company, stipulates the charter capital structure, actual value, employee benefits, and business sectors of the new company.

Đối tượng áp dụng

Sai Gon Leather Import-Export Company, Danang Bag Factory, Danang Handbag Joint Stock Company, employees of Danang Bag Factory.

Các điểm cốt lõi

  • Danang Bag Factory is transferred to become a joint stock company with a charter capital of 1,054,000,000 VND, of which 93.86% is sold to employees and 6.14% is sold outside the factory.
  • The actual value of the factory at the time of shareholding reform is 10,528,199,751 VND, including the state-owned capital value of 1,053,971,475 VND.
  • Employee benefits in the factory include a total of 8,383 preferential shares worth 251,490,000 VND, including 456 deferred preferential shares for poor workers.
  • The joint stock company engages in businesses such as producing and trading handbags, shoes, leather garments, faux leather garments, fabric, and other raw materials.
  • Danang Handbag Joint Stock Company is granted business registration, uses its own seal, and opens a bank account according to the law.

🌐 Tác động xã hội từ văn bản này

  • Creating opportunities for employees to participate in share ownership, increasing income.
  • Helping the company operate more efficiently through market mechanisms.
  • The company can expand its scale and scope of business, creating additional jobs.
  • However, employees need to study to adapt to the new environment.
  • Implementing the regulations on shareholding reform properly will help the company develop sustainably.

❓ Câu hỏi thường gặp

What is the charter capital of Danang Handbag Joint Stock Company?

The charter capital of Danang Handbag Joint Stock Company is 1,054,000,000 VND.

What is the percentage of shares sold to employees in the factory?

The percentage of shares sold to employees in the factory is 93.86%.

What is the actual value of Danang Bag Factory at the time of shareholding reform?

The actual value of Danang Bag Factory at the time of shareholding reform is 10,528,199,751 VND.

What does the employee benefit in the factory include?

Employee benefits in the factory include 8,383 preferential shares worth 251,490,000 VND, including 456 deferred preferential shares for poor workers.

What industries does Danang Handbag Joint Stock Company engage in?

Danang Handbag Joint Stock Company engages in businesses such as producing and trading handbags, shoes, leather garments, faux leather garments, fabric, and other raw materials.

Toàn văn

MINISTRY OF INDUSTRY

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 124/2004/QĐ-BCN
Hanoi, November 4, 2004

DECISION OF THE MINISTER OF INDUSTRY

Regarding the transfer of Danang Bag Factory under

Saigon Leather Import-Export Company to Danang Handbag Joint Stock Company

 

THE MINISTER OF INDUSTRY

Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 64/2002/NĐ-CP dated June 19, 2002 of the Government on the conversion of state-owned enterprises into joint-stock companies;

Considering the proposal of Saigon Leather Import-Export Company (Document No. 374/BDM&PTDN dated October 13, 2004), the privatization plan for Danang Bag Factory and the appraisal report of the Enterprise Reform and Development Board of the Ministry dated October 29, 2004;

At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,

 

DECISION:

Article 1. Approving the privatization plan for Danang Bag Factory under Saigon Leather Import-Export Company (a subordinate enterprise of the Ministry of Industry) including the following main points:

1. Capital structure:

The charter capital of the joint stock company is 1,054,000,000 VND (One billion fifty-four million VND). Of which:

- The proportion of shares sold to employees of the factory: 93.86%;

- The proportion of shares sold outside the factory: 6.14%.

Value of one share: 100,000 VND.

2. The actual value of Danang Bag Factory at the time of December 31, 2003 for privatization (Decision No. 2544/QĐ-TCKT dated September 29, 2004 of the Ministry of Industry) is 10,528,199,751 VND. Among this, the actual value of the State's capital in the factory is 1,053,971,475 VND.

4. Regarding the privatization costs, retraining of employees, and surplus labor resolution of the enterprise, An Lac Shoe Company will handle the procedures, report to the Ministry of Industry and relevant state authorities for approval according to current regulations.

The total number of preferential shares sold to 270 employees of the factory is 8,383 shares with a preferential value of 251,490,000 VND. Among these, preferential shares sold on credit to 04 poor employees are 456 shares, valued at 31,920,000 VND.

4. Regarding the privatization costs and retraining of employees of the factory, Saigon Leather Import-Export Company will handle the procedures, report to the Ministry of Industry and relevant state authorities for approval according to current regulations.

Article 2. Transfer Danang Bag Factory under Saigon Leather Import-Export Company to Danang Handbag Joint Stock Company,

- International trade name: DANANG LEATHER GOODS JOINT STOCK COMPANY;

- Brand name: VINABAGS;

- Head office: No. 291/9 Tran Cao Van Street, Da Nang City.

Article 3. The joint stock company engages in the following business activities:

- Producing, trading, exporting products such as bags, shoes, clothing made from leather, imitation leather, fabric, and other raw materials;

- Importing machinery, equipment, spare parts, and raw materials (leather, imitation leather, fabric, foam, rubber, PU, PVC) for production and business activities of the company;

- Trading and importing/exporting consumer goods and handicrafts;

- Operating tourism services;

- Engaging in other businesses in accordance with the provisions of the law.

Article 4. Danang Handbag Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operations; it can use its own seal and open bank accounts according to the law; organize and operate according to the Articles of Association of the joint stock company and the Enterprise Law.

Article 5. Saigon Leather Import-Export Company shall organize the sale of shares and convene the first General Meeting of Shareholders of Danang Handbag Joint Stock Company in accordance with current regulations.

The General Director and Chief Accountant of Saigon Leather Import-Export Company are responsible for managing the affairs of the factory until the entire capital, assets, labor force, and workshops are handed over to the Board of Directors and General Manager of the joint stock company.

Article 6. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Head of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the General Director of Saigon Leather Import-Export Company, the Director of Danang Bag Factory, and the Chairman of the Board of Directors and General Manager of Danang Handbag Joint Stock Company are responsible for implementing this Decision./.

DEPUTY MINISTER
DEPUTY MINISTER
(Signed)
Bui Xuan Khu
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Bản đồ quan hệ

124/2004/QĐ-BCN
Decision No. 124/2004/QĐ-BCN on the transfer of Danang Bag Factory under Sai Gon Leather Import-Export Company to Danang Handbag Joint Stock Company.
In effect

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