Decision No. 1384/QD-TTg approves the restructuring and modernization plan for state-owned enterprises with 100% state capital under the Ministry of Labor, Invalids and Social Affairs for the period 2007-2010. The State will continue to hold 100% of the charter capital of some enterprises and convert them into limited liability companies with one member, while simultaneously equitizing other enterprises in 2008-2009.
Key points
- The State will continue to hold 100% of the charter capital and convert the Labor and Social Publishing House into a limited liability company with one member in 2008.
- Equitize state-owned enterprises with 100% state capital such as the Labor Export - Trade and Tourism Company, the International Human Resources Supply and Trade Company in 2008-2009.
- The Minister of Labor, Invalids and Social Affairs decides the percentage of state-held shares in equitized enterprises.
- Relevant ministries and agencies shall cooperate with the Ministry of Labor, Invalids and Social Affairs to implement this Decision.
- This Decision takes effect from the date of issuance.
🌐 Social impact of this document
- Positive impact: Equitization of enterprises will help improve management efficiency, enhance competitiveness, and promote sustainable development.
- Negative impact: The equitization process may cause significant changes in organizational structure and personnel, affecting workers' rights.
❓ Frequently asked questions
What percentage of charter capital will the State continue to hold for the Labor and Social Publishing House?
The State will continue to hold 100% of the charter capital of the Labor and Social Publishing House and convert it into a limited liability company with one member in 2008.
Which enterprises will be equitized?
The Labor Export - Trade and Tourism Company, the International Human Resources Supply and Trade Company will be equitized in 2008-2009.
What is the responsibility of the Minister of Labor, Invalids and Social Affairs?
The Minister of Labor, Invalids and Social Affairs decides the percentage of state-held shares in equitized enterprises.
What is the responsibility of relevant ministries and agencies?
Relevant ministries and agencies shall cooperate with the Ministry of Labor, Invalids and Social Affairs to implement this Decision.
When does this Decision take effect?
This Decision takes effect from the date of issuance.
Full text
Pursuant to …;
Regarding the approval of the restructuring and modernization plan for state-owned enterprises with 100% state capital under the Ministry of Labor, Invalids and Social Affairs for the period 2007-2010
________________________
PRIME MINISTER
Pursuant to the Law on Government Organization dated December 25, 2001;
On the basis of the Law on State-Owned Enterprises dated November 26, 2003;
On the basis of the Enterprise Law dated November 29, 2005;
On the basis of Decision 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;
Considering the proposal of the Ministry of Labor, Invalids and Social Affairs,
DECISION:
Article 1. Approves the restructuring and modernization plan for state-owned enterprises with 100% state capital under the Ministry of Labor, Invalids and Social Affairs 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, to be implemented in 2008:
- Labor and Social Publishing House.
2. Privatize state-owned enterprises with 100% state capital in 2008-2009:
- Labor Export - Trade and Tourism Company,
- International Human Resources Supply and Trade Company.
Article 2. Minister of Labor, Invalids and Social Affairs:
On the basis of the provisions of Decision 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 and relevant current laws, decides the proportion of state-held shares in privatized enterprises.
Article 3. Ministries: Finance, Planning and Investment, Home Affairs and related agencies shall cooperate with the Ministry of Labor, Invalids and Social Affairs in implementing this Decision.
The Steering Committee for Enterprise Reform and Development is responsible for directing, urging, guiding, and monitoring the implementation.
This Decision takes effect from the date of issuance. The Minister of Labor, Invalids and Social Affairs and heads of related agencies are responsible for enforcing this Decision./.
DEPUTY PRIME MINISTER
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