Decree No. 14-CP Regarding the establishment of Vietnam Electricity Corporation (EVN) and promulgating the Charter of EVN

Decree No. 14-CP establishes Vietnam Electricity Corporation (EVN) and promulgates its Charter, stipulating the organization and operation of EVN including the Board of Management, General Director, and member units. EVN is responsible for investing in and developing the electricity industry, fulfilling financial obligations to the State, and recruiting human resources suitable for production and business tasks.

문서 번호14-CP
문서 유형Decree
발행 기관Ministry of Industry and Trade
서명자Võ Văn Kiệt — Thủ tướng
업데이트02. 07. 2026
분야Uncategorized
발행일27. 01. 1995
발효일27. 01. 1995
효력 만료일
상태In effect
✦ 스마트 요약

Decree No. 14-CP establishes Vietnam Electricity Corporation (EVN) and promulgates its Charter, stipulating the organization and operation of EVN including the Board of Management, General Director, and member units. EVN is responsible for investing in and developing the electricity industry, fulfilling financial obligations to the State, and recruiting human resources suitable for production and business tasks.

적용 범위

Vietnam Electricity Corporation (EVN) and its member units include independent accounting enterprises and dependent enterprises, as well as public service units.

핵심 사항

  • EVN is a large state-owned enterprise operating nationwide in the specialized field of electricity business and related production and service sectors (Article 1).
  • The Board of Management is the highest authority making decisions in EVN, accountable to the Prime Minister (Articles 7-10).
  • The General Director is the legal representative of EVN and is responsible for the use of assigned resources (Articles 14-15).
  • EVN has member units such as independent accounting enterprises, dependent enterprises, and public service units, each with autonomy in business operations according to their own charters (Articles 16-20).
  • The Board of Management decides on restructuring, dissolving EVN or its member units (Articles 23-25).

🌐 이 문서의 사회적 영향

  • Creating a clear organizational structure for the power sector, enhancing management and operational efficiency.
  • Member enterprises have autonomy in business operations, creating motivation for development.
  • EVN fulfills financial obligations to the State, contributing to macroeconomic stability.
  • Recruiting human resources suitable for production and business tasks, improving working conditions for employees.

❓ 자주 묻는 질문

What is the legal status of EVN?

EVN is a large state-owned enterprise with legal status, seal, and bank accounts both domestically and internationally (Article 2).

What powers does the General Director of EVN have?

The General Director is the legal representative of EVN, accountable to the Board of Management for the use of assigned resources. The General Director develops and submits to the Board of Management the development strategy and five-year plan (Articles 14-15).

What member units does EVN have?

EVN has independent accounting enterprises such as Electricity Company 1-4, Electrical Installation Company 1-4, Electrical Equipment Manufacturing Company; dependent enterprises like Phả Lại Thermal Power Plant, Hòa Bình Hydroelectric Plant; and public service units like Energy Institute (Appendix).

What obligations does EVN have towards the State?

EVN is entrusted with managing and using land funds, water resources, and other natural energy sources. EVN must preserve the entrusted capital, continuously accumulate capital for investment and development (Article 4).

What regulations does EVN have regarding recruitment of human resources?

The General Director has the authority to select and utilize human resources commensurate with production and business tasks, creating conditions for workers' self-management (Article 5).

전문

THE GOVERNMENT

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

NUMBER: 14-CP
HA NOI, January 27, 1995

DECREE

DECREE NO. 14/CP OF JANUARY 27, 1995 ISSUED BY THE GOVERNMENT ON THE ESTABLISHMENT OF VIETNAM ELECTRICITY CORPORATION AND THE ADOPTION OF THE REGULATIONS OF THE CORPORATION
REGARDING THE ESTABLISHMENT OF VIETNAM ELECTRICITY CORPORATION AND THE ADOPTION OF THE REGULATIONS OF THE CORPORATION

 

THE GOVERNMENT

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to the conclusions of the Government meeting on January 6, 1994;

Considering the proposal of the Minister of Energy regarding the implementation of Decision No. 91/TTg dated March 7, 1994 of the Prime Minister on the trial establishment of business groups,

 

DECREE:

Article 1. Vietnam Electricity Corporation is established according to the content of Decision No. 562/TTg dated October 10, 1994 of the Prime Minister.

Article 2. The Regulations on the organization and operation of Vietnam Electricity Corporation are adopted along with this Decree.

Article 3. Ministers of the Ministries of Energy, Finance, the Civil Service Committee of the Government, Governor of the State Bank, and other Ministers and Heads of ministerial-level agencies and agencies under the Government related to this matter shall guide its implementation based on these Regulations.

Article 4. This Decree takes effect from the date of signature.

Ministers, Heads of ministerial-level agencies and agencies under the Government, Chairmen of provincial People's Committees directly under the Central Government, Management Council and General Director of Vietnam Electricity Corporation are responsible for implementing this Decree.

PRIME MINISTER
PRIME MINISTER
(Signed)
Vo Van Kiet

 


REGULATIONS ON THE ORGANIZATION AND OPERATION OF VIETNAM ELECTRICITY CORPORATION

(ADOPTED ALONG WITH GOVERNMENT DECREE NO. 14/CP DATED JANUARY 27, 1995)

 

PART I

GENERAL PROVISIONS

Article 1. Vietnam Electricity Corporation (hereinafter referred to as the Corporation) is a large state enterprise comprising many member enterprises and units, operating nationwide in the specialized business sector (including research, survey, design, installation, production, transmission, distribution of electricity, manufacturing of electrical equipment and parts, import and export) and some other production and service sectors related to the electricity industry.

The Corporation is responsible for investing to develop the power industry, organizing production and consumption of electricity to meet the demand for electric energy for production and daily life in accordance with the requirements and strategic orientation of economic and social development of the country and the tasks assigned by the Prime Minister during each planning period.

The headquarters of the Corporation is located in Hanoi City.

The international trade name of the Corporation is ELECTRICITY OF VIETNAM, abbreviated as EVN.

Article 2. The Corporation has legal personality, seal, bank accounts both domestically and abroad, and operates according to these Regulations. The Corporation implements accounting and consolidation systems, establishes centralized funds as prescribed by the State. The Corporation centralizes production and transmission of electric energy. Member enterprises implement independent accounting, dependent accounting, and units have legal personality, operate according to laws and the Regulations of the Corporation.

Article 3. The State entrusts the Corporation with the right to manage and use land funds, to utilize water resources and other natural energy sources to fulfill the tasks mentioned in Article 1 above. The Corporation is responsible for using land and these resources for their intended purposes in compliance with laws on land, resources, and environment.

Article 4. The State entrusts capital and assets to the Corporation, which can mobilize all domestic and foreign capital in various forms as prescribed by the State to fulfill its tasks. The Corporation is responsible for preserving the entrusted capital, continuously accumulating capital for investment and development, fulfilling financial obligations to the State. The Corporation must constantly improve equipment, technology, and management work to reduce production costs and minimize losses of electric energy.

Article 5. The Corporation has the right to select and use human resources commensurate with its production and business tasks; create conditions to promote the rights of workers in production and business management, increase labor productivity and efficiency, care for training and nurturing human resources of the Corporation, improve living and working conditions of workers.

Article 6. The organizational structure of the Corporation includes:

1. Management Council. Supporting the Management Council are the Audit Board and the Office.

2. General Director. Supporting the General Director are several Deputy General Directors, the Office, and functional Boards.

3. Member units of the Corporation.

 

PART II

MANAGEMENT COUNCIL

Article 7. The Management Council is the highest authority making decisions in the Corporation. The Management Council is authorized by the State to perform the function of representing the State's ownership over the entire Corporation according to the law and these Regulations, and is accountable to the State and the Prime Minister.

Members of the Management Council are appointed by the Prime Minister upon the recommendation of the Minister of Energy. Before making recommendations, the Ministry of Energy must have an agreement letter from the Minister and the Head of the Civil Service Committee of the Government.

Article 8. The Management Council of the Corporation consists of five full-time members:

Chairman,

One Vice-Chairman,

General Director,

Two members who are experts in law, economics, and engineering.

Article 9. The Management Council has the following duties and powers:

1. Together with the General Director, sign and receive from the State the national resources, land, capital (including debts), including fixed assets, and human resources to achieve the goals and tasks assigned by the State to the Corporation;

2. Examine and approve plans for the allocation of capital and debts, preservation and development of capital, plans for adjustment and mobilization of capital proposed by the General Director; witness the General Director's re-allocation of the resources mentioned in Clause 9.1 to member units for use, preservation, and development according to the goals approved by the Management Council;

3. Supervise and inspect the General Director and member units in the use, preservation, and development of State-entrusted resources, implementation of Management Council Resolutions and Decisions, laws, and fulfillment of obligations to the State;

4. Approve the General Director's proposals to submit to the Prime Minister for approval of the long-term development strategy, planning, and five-year plan of the Corporation; decide on the annual plan of the Corporation to be assigned by the General Director to member units.

5. Submit to the Prime Minister for approval or, if authorized by the Prime Minister, decide on joint venture projects with foreign countries as prescribed by the Government; decide on domestic joint venture projects and large economic contracts. Submit to the Prime Minister for investment decisions on Group A projects; submit to the Minister in charge of the sector for investment decisions on Group B projects; decide on investment for Group C projects. Delegate authority to the General Director or branch managers to approve small investment projects. Approve production and business organization plans, management organizations of member units. Coordinate with local authorities and mass organizations in protecting assets and national electricity security;

6. Approve the electricity selling price plan proposed by the General Director to be submitted to the Prime Minister for approval. Issue and supervise the implementation of economic and technical standards, including wage rates, unit prices and norms in specialized construction, product standards, brand names, product and service prices applicable within the Corporation based on the General Director's proposal and general regulations of the industry and the country;

7. Draft and submit to the Prime Minister for approval the Charter of the Corporation's organization and operation and amendments thereto; approve the organizational and operational charters of member units and amendments thereto upon the General Director's proposal; propose the establishment, merger, dissolution of member units according to government regulations; decide on the establishment of representative offices and branches of the Corporation both domestically and abroad as prescribed by the Government;

Decide on the total staffing of the Corporation's management structure and adjust it when necessary based on the General Director's proposal;

Submit to the Prime Minister for appointment, dismissal, commendation, and disciplinary action against the General Director; submit to the Minister of Energy for appointment, dismissal, commendation, and disciplinary action against Deputy General Directors based on the General Director's proposal; decide on the appointment, dismissal, commendation, and disciplinary action against directors of member units based on the General Director's proposal;

8. Approve the General Director's proposals regarding the establishment and use of centralized funds consistent with the Corporation's business and financial plans following the Ministry of Finance's guidelines;

9. Approve the annual consolidated financial report (including asset summary) of the Corporation and its member units, and request the General Director to publish the Corporation's consolidated financial report according to the Ministry of Finance's regulations;

Article 10. The Board of Management collectively and individually bears responsibility before the Prime Minister and the law for performing assigned tasks. If the Chairman and other members of the Board of Management fail to complete their assigned tasks, make erroneous decisions beyond their authority, harm national interests, cause damage to state capital, assets, resources, people's property, adversely affect the Corporation's operations, or violate other state regulations, they will be administratively processed, required to compensate for losses, or criminally prosecuted according to the law depending on the severity;

Article 11. Working regime of the Board of Management:

1. The term of Board of Management members is five years. Board of Management members may be reappointed. The term of newly appointed members starts from the date of appointment;

2. The Board of Management convenes regular meetings as stipulated by the Board of Management to review and decide on matters within their duties, powers, and responsibilities as stated in Articles 9 and 10. At the end of each fiscal year, the Board of Management convenes to review business results, approve the Supervisory Board's report, the consolidated financial report, and the next year's business plan;

3. The Board of Management can convene extraordinary meetings to handle urgent matters at the request of the Chairman, more than half of the members, or the General Director;

4. The Chairman of the Board of Management convenes and chairs all meetings of the Board. In case of unavoidable absence, he delegates authority to the Vice-Chairman to chair the meeting. The meeting can only proceed if at least two-thirds of the Board members are present;

5. When the Board of Management convenes extraordinary meetings to consider strategic development issues, five-year and annual planning, major investment projects, joint ventures with foreign countries, annual financial reports, issuance of economic and technical standards systems of the Corporation, representatives from the Ministry of Energy and related ministries and sectors must be invited to attend. If the agenda involves important matters related to local authorities, representatives from the provincial People's Committee must also be invited. These representatives have the right to speak but not to vote; if they find that Board resolutions and decisions harm common interests, they have the right to file written objections to the Board and simultaneously report to their respective heads of agencies for consideration and resolution within their authority. In necessary cases, these heads of agencies report to the Prime Minister;

6. When the Board of Management convenes to consider matters related to the rights and obligations of employees, they must invite representatives with authority from the Industry Trade Union to attend. These representatives have the right to express opinions but not to vote and have the right to file objections to the Board, relevant state agencies, the Industry Trade Union, and the Vietnam General Confederation of Labor if they believe that Board resolutions and decisions infringe upon the rights and obligations of employees within the Corporation;

7. The Board of Management operates through collective decision-making via resolutions and decisions made at meetings by majority voting. Meeting documents and agendas must be sent by the Chairman of the Board of Management to members and invited representatives at least five days before the meeting. The contents and conclusions of meetings must be recorded in minutes signed by all attending Board of Management members.

8. Resolutions and decisions of the Management Board shall be effective for the entire Joint Stock Corporation. In case the resolutions or decisions of the Management Board do not coincide with the opinions of the General Director, the General Director must implement them while having the right to reserve and report in writing to the relevant Minister and the Prime Minister.

Article 12. The Management Board has an Office consisting of a number of specialists and staff selected by the Chairman of the Management Board. The staffing of the Office is decided by the Management Board. The operating costs of the Management Board are included in the management fees of the Joint Stock Corporation. The General Director uses his own organization to ensure necessary conditions and means for the operation of the Management Board.

Article 13. Audit Committee:

1. The Management Board establishes the Audit Committee to supervise and inspect financial activities and business operations within the Joint Stock Corporation in accordance with the law and the Charter of the Joint Stock Corporation. The Management Board specifies the specific tasks and authorities of the Audit Committee.

The Audit Committee consists of five members, with one member of the Management Board serving as the Head. Besides the Head, two full-time members of the Audit Committee are officers within the organizational structure of the Joint Stock Corporation appointed by the Chairman of the Management Board with the agreement of the Trade Union Executive Board, one representative from the State Capital and Asset Management Agency at enterprises appointed by the Agency Director, and one representative from the Ministry of Energy appointed by the Minister. These two representatives work on a part-time basis.

2. Members of the Audit Committee have a term of five years. During their tenure, if a member fails to fulfill their duties, they will be replaced. The term of a newly appointed member starts from the date of appointment.

3. The Audit Committee operates according to the program and tasks assigned by the Management Board. The Audit Committee reports to the Management Board on the results of supervisory and inspection activities as required by the Management Board and proposes recommendations to enhance and improve the management of various aspects of the Joint Stock Corporation's operations in accordance with the Charter and the law.

4. The Audit Committee may be invited to attend regular meetings of the General Director and some meetings of the Management Board.

5. The operating expenses of the Audit Committee are guaranteed by the Management Board's Office and form part of the operating expenses of the Management Board.

 

CHAPTER III

THE GENERAL DIRECTOR AND ASSISTANT ORGANIZATION

Article 14.

1. The General Director is the legal representative in all activities of the Joint Stock Corporation and is responsible under the law. The General Director has the highest authority to manage the Joint Stock Corporation, directly accountable to the State and the Management Board for the efficient use of resources allocated to the Joint Stock Corporation.

2. Deputy General Directors are assigned and delegated by the General Director to manage and operate one or more areas of activity of the Joint Stock Corporation.

3. The Office and specialized departments have the function of advising and assisting the General Director in management and operational matters.

4. The management costs of the Joint Stock Corporation's organizational structure (including the operating costs of the Management Board) are accounted for in the cost price in the centralized accounting portion of the Joint Stock Corporation.

Article 15. The General Director has the following responsibilities and authorities:

1. Together with the Management Board, sign and accept state-owned resources, land, capital, and debts, including fixed assets, and human resources to manage and utilize according to the goals and tasks assigned by the State to the Joint Stock Corporation; allocate state resources to subsidiaries for use, preservation, and development according to plans approved by the Management Board as stipulated in Article 9;

2. Develop and submit to the Management Board strategies for development, planning, five-year and annual plans, plans for protecting and exploiting resources of the Joint Stock Corporation, plans for coordinating business operations among units within the Joint Stock Corporation. Issue directives to organize and implement approved strategies, plans, and schemes;

3. Develop investment projects, joint ventures with domestic and foreign partners, large economic contracts of the Joint Stock Corporation, production and business organization schemes, and management organization schemes to be submitted to the Management Board for approval as provided in Article 9 (Clause 5). Decide on small investment projects. Organize the implementation of these decisions;

4. Develop and submit to the Management Board for issuance or be authorized to issue economic and technical norms, product standards, wage rates, unit prices and norms in construction, wholesale electricity prices within the corporation, and internal service prices within the Joint Stock Corporation, in accordance with general regulations of the industry and the State. Implement and monitor subsidiaries' compliance with decisions on norms, standards, and unit prices throughout the Joint Stock Corporation;

5. Propose to the Management Board to submit to the Minister of Energy for the appointment, dismissal, commendation, and disciplinary action of Deputy General Directors of the Joint Stock Corporation; propose to the Management Board for the appointment, dismissal, commendation, and disciplinary action of Subsidiary Unit Directors. Decide on the appointment, dismissal, commendation, and disciplinary action of Deputy Directors of Subsidiary Units and Directors of Subsidiary Units under Subsidiary Units based on the proposal of Subsidiary Unit Directors. Decide on the appointment, dismissal, commendation, and disciplinary action of Heads and Deputy Heads of Departments and the Office of the Joint Stock Corporation's management structure.

Develop and submit to the Management Board for approval the total staffing plan of the Joint Stock Corporation's management structure and adjustment plans when changing the organizational structure and staffing of the Joint Stock Corporation and its subsidiaries; directly establish and direct the Joint Stock Corporation's management structure, check the staffing of the management structures of subsidiary units; approve restructuring plans, new establishment plans, and dissolution plans of units under subsidiary units;

6. Suggest to the Management Board to adjust capital and other resources when reallocating to subsidiaries and adjust when there is a change in the tasks of subsidiaries through capital increases or decreases. Implement and direct the Financial Company of the Joint Stock Corporation to mobilize and lend capital to meet the capital requirements of the Joint Stock Corporation and its subsidiaries. Issue decisions on the mobilization and use of centralized funds of the Joint Stock Corporation;

7. Establish centralized funds of the Joint Stock Corporation in accordance with government regulations, guidance from the Ministry of Finance, and decisions of the Management Board, including:

a) The development investment fund is established from basic depreciation funds and reinvestment profits.

Basic depreciation funds and reinvestment profits of affiliated enterprises are centralized at the Corporation to be invested according to the annual plan.

If the Corporation mobilizes basic depreciation funds and reinvestment profits of independent accounting enterprises, it must follow the principle of borrowing with repayment, having internal interest rates approved by the General Director based on the authorization of the Management Board and in accordance with the guidelines of the Ministry of Finance.

b) The scientific research and training fund for centralized units under the Corporation is established from the production development fund of member units and state budget funds for public services and training (if any). In addition, the public service units under the Corporation can also implement scientific research and training contracts signed with enterprises inside and outside the Corporation to supplement their operating funds.

c) Financial reserve funds, award funds, welfare funds at the Corporation's headquarters are established in accordance with the guidelines of the Ministry of Finance.

d) Health insurance funds are established in accordance with the guidelines of the Ministry of Finance - Ministry of Health.

8. Pay various taxes arising from business activities centrally accounted for by the Corporation in accordance with the law. The Corporation does not have to pay turnover tax on wholesale electricity sales within its own system. Assets transferred internally within the Corporation do not need to pay stamp duty.

9. Prepare an annual consolidated financial report (including a summary of assets) of the Corporation, clearly distinguishing between the Corporation's centralized accounting portion and that of independent accounting member units for approval by the Management Board. The consolidated financial report must be based on documents confirmed by a legitimate auditing agency.

10. Be authorized to make decisions beyond their authority in emergency situations (such as natural disasters, enemy threats, fires, accidents) and bear responsibility for those decisions, while immediately reporting to the Management Board and relevant authorities for further resolution.

PART IV

MEMBERS OF THE CORPORATION

Article 16. Vietnam Electricity Corporation has member units which are independent accounting state-owned enterprises (including the Financial Company), affiliated state-owned enterprises, and public service units (listed in the Appendix attached to this Charter).

Each member unit of the Corporation is organized and operates according to its own Charter in compliance with the law, this Charter, and is approved by the Management Board.

Member units have legal personality, seals, offices, and bank accounts in accordance with the accounting methods stipulated in the Corporation's Charter and each member unit's own Charter.

Article 17. Independent accounting enterprises within the Corporation are both bound by rights and obligations towards the Corporation and have autonomy in business and financial operations as independent economic entities, specifically:

1. In strategy and development investment:

a) Enterprises are assigned or authorized to organize and implement development investment projects according to the Corporation's plan. Enterprises are provided with resources by the Corporation to carry out the project.

b) Enterprises independently invest in construction projects and development initiatives not directly managed by the Corporation, but they must self-finance and bear full financial responsibility.

2. In business operations: Enterprises establish and implement their plans based on:

a) Ensuring key indicators, goals, major balances, and main economic-technical standards (including unit prices and prices) of the enterprise in line with the Corporation's overall plan.

b) Expanding production and business operations based on optimal utilization of all available resources of the enterprise and self-raising funds in accordance with market needs.

3. In financial and accounting activities:

a) Enterprises receive a portion of the capital and resources allocated by the State to the Corporation, which the Corporation then reassigns to the enterprise, including any supplementary decisions on increases or decreases (if any). Enterprises have the obligation to preserve capital and develop these resources.

b) Enterprises have the right to raise capital and other forms of credit in accordance with the law to implement their production and business plans and development investments.

c) Enterprises can form basic construction investment funds, production development funds, award funds, welfare funds, and financial reserve funds in accordance with state regulations. Enterprises have the obligation to contribute to and benefit from centralized funds of the Corporation as stipulated in this Charter and decisions of the Corporation's Management Board.

d) As an independent economic entity, enterprises are responsible for paying various taxes and other financial obligations to the State as prescribed by law.

đ) Enterprises may be authorized by the Corporation to sign and implement contracts with customers domestically and internationally on behalf of the Corporation.

4. In organizational, staff, and labor matters:

a) Enterprises have the right to request the Corporation to consider and decide or be authorized by the Corporation to decide on the organization, dissolution, merger of their member units and management structures in accordance with the Corporation's Charter and the enterprise's own Charter.

b) Depending on operational requirements, member enterprises of the Corporation may establish subordinate units. These subordinate units are affiliated accounting units, have seals according to the model of state-owned enterprises, open bank accounts, and enter into economic contracts according to the delegation and authorization of the member enterprises of the Corporation.

c) Within the total staffing quota permitted by the Corporation, enterprises have the right to select, arrange employment, or terminate employment of officials working in their management structure. Appointments or dismissals of managerial positions in the structure and member units comply with the hierarchical division specified in Articles 9 (Clause 7) and Article 15 (Clause 5) of this Charter.

d) The enterprise has the right and responsibility to care for and develop human resources to ensure the implementation of production and business tasks and the development strategy of the enterprise; to care for improving working conditions and living conditions of workers in accordance with the Labour Law and the Trade Union Law.

Article 18. State-owned enterprises affiliated with the Corporation that operate on a dependent accounting basis are autonomous in production and business activities, financial operations, organizational structure, and personnel matters, subject to the duties and powers prescribed for independent accounting member enterprises under Article 17 (excluding Clauses 1b, 2b, 3b, 3d, and 4b).

The authority to implement the items listed above shall only be valid when there is a written delegation and authorization from the Corporation.

Article 19. Public service units with organizational and operational regulations approved by the General Director pursuant to the authorization of the Management Board, implementing internal accounting based on revenue covering expenses, may receive partial funding support from the state budget, generate income from providing services, scientific research contracts, and training for units within and outside the Corporation, and benefit from the distribution of incentive funds and welfare funds at the average level as those working in the Corporation's administrative staff.

Article 20. The finance company is a member of Vietnam Electricity Corporation, operating in accordance with laws and guidelines of the Governor of the State Bank of Vietnam, according to the Articles of Association approved by the Management Board and under the management of the General Director of Vietnam Electricity Corporation.

The finance company fulfills the task of raising capital and lending capital to meet the capital needs of the Corporation and its member units through the following forms: preferential loans from the government, commercial credit from domestic and foreign banks and financial organizations; issuing shares, corporate bonds, project bonds; buying and selling negotiable instruments and securities; mobilizing idle funds from employees within the Corporation.

The finance company implements investment projects of the Corporation, performs other services as stipulated in the Articles of Association and the Finance Company Regulations. For large projects, the direct investor signs the contract, and the finance company serves in a service capacity.

Units using capital from the finance company must adhere to the principle of borrowing and repaying, implementing the internal interest rate system proposed by the finance company and approved by the General Director of the Corporation pursuant to the authorization of the Management Board.

Article 21. Member enterprises of the Corporation are managed by the enterprise director. The director is the legal representative of the enterprise before the law, responsible to the Corporation and the State for all activities of the enterprise.

The enterprise council is established based on an agreement between the enterprise director and the Enterprise Union Executive Committee under the leadership of the enterprise Party Committee.

The enterprise council promotes the rights of workers and officials, participates with the enterprise director in measures to implement production and business plans, investment development, etc., of the enterprise; examines and decides on the use of incentive funds and welfare funds as proposed by the enterprise director; directs the Workers' Inspection Board to supervise and inspect the enterprise's compliance with the resolutions of the Workers' Congress, the enterprise's Articles of Association, and state policies and laws within the enterprise.

 

CHAPTER V

ORGANIZATIONS OF THE PARTY AND ASSOCIATIONS IN THE CORPORATION

Article 22. Party organizations, trade unions, and Ho Chi Minh Communist Youth League in the Corporation operate in accordance with the Constitution, laws, and the Party Constitution of the Ho Chi Minh Communist Party, and the regulations of the Central Committee Secretariat of the Communist Party of Vietnam, the Vietnam General Confederation of Labor, and the Executive Committee of the Ho Chi Minh Communist Youth League.

 

Chapter VI

REORGANIZATION, DISSOLUTION, BANKRUPTCY

Article 23. The restructuring and dissolution of Vietnam Electricity Corporation shall be proposed by the Corporation's Management Board, reviewed by the Minister of Energy, and submitted to the Government for decision.

Article 24. Vietnam Electricity Corporation will be dissolved if the Government deems it unnecessary to maintain the Corporation.

Article 25. The reorganization, merger, dissolution, and establishment of new units within Vietnam Electricity Corporation shall be proposed by the Corporation's Management Board, submitted by the Minister of Energy to the Prime Minister for approval, and authorized by the Prime Minister for the Minister of Energy to issue decisions.

Article 26. In case Vietnam Electricity Corporation and its member units enter into bankruptcy, they shall be handled in accordance with the procedures prescribed in the Enterprise Bankruptcy Law.

 

Chapter VII

IMPLEMENTING PROVISIONS

Article 27. These Regulations shall apply to Vietnam Electricity Corporation. All subsidiary units of Vietnam Electricity Corporation must comply with these Regulations.

These Regulations shall take effect from the date of issuance of the Decree promulgating them.

Article 28. In cases where Government documents, documents of Ministries, agencies at the Ministerial level, agencies under the Government, People's Committees of provinces and centrally governed cities, and establishment decisions of subsidiary enterprises contain provisions that differ from these Regulations, such provisions shall be interpreted in accordance with these Regulations.

Article 29. Subsidiary units of Vietnam Electricity Corporation shall base their organizational and operational regulations on the Regulations of the Corporation for approval by the Management Board. The regulations of subsidiary units must not contravene the Regulations of the Corporation.

Article 30. During implementation, Vietnam Electricity Corporation needs to summarize experiences in various aspects of operations to propose to the Government for approval of necessary amendments and supplements to these Regulations.

 

ANNEX

(Attached to the Organizational and Operational Regulations of Vietnam Electricity Corporation)

LIST OF SUBSIDIARY UNITS OF VIETNAM ELECTRICITY CORPORATION AT THE TIME OF ESTABLISHMENT OF THE CORPORATION

VIETNAM ELECTRICITY AT THE TIME OF ESTABLISHMENT OF THE GROUP COMPANY

I. State-owned Enterprises Operating Independently:

01. Electric Power Company 1

02. Electric Power Company 2

03. Electric Power Company 3

04. Electric Power Company of Hanoi City

05. Electric Power Company of Ho Chi Minh City

06. Electrical Construction Company 1

07. Electrical Construction Company 2

08. Electrical Construction Company 3

09. Electrical Construction Company 4

10. Electrical Equipment Manufacturing Company

11. Electrical Survey and Design Company 1

12. Electrical Survey and Design Company 2

13. Electric Power Telecommunications and Information Company

14. Electric Power Finance Company.

II. State-owned Enterprises Operating Dependent:

01. Pha Lai Thermal Power Plant

02. Uong Bi Thermal Power Plant

03. Ninh Binh Thermal Power Plant

04. Thu Duc Thermal Power Plant

05. Tra Noc Thermal Power Plant

06. Ba Ria Power Plant

07. Hoa Binh Hydroelectric Power Plant

08. Thac Ba Hydroelectric Power Plant

09. Vinh Son Hydroelectric Power Plant

10. Tri An Hydroelectric Power Plant

11. Thac Mo Hydroelectric Power Plant

12. Da Nhim Hydroelectric Power Plant

13. Transmission Company 1

14. Transmission Company 2

15. Transmission Company 3

16. Transmission Company 4

17. National Power System Dispatching Center.

III. Public Service Units:

01. Energy Institute

02. Electric Power Information Center

03. Research Center for Science and Technology Environment and Computers.

 


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관계도

14-CP
Decree No. 14-CP Regarding the establishment of Vietnam Electricity Corporation (EVN) and promulgating the Charter of EVN
In effect

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