Decree No. 150/2020/ND-CP on converting public service units to joint-stock companies

 

DECREE

Regarding the conversion of public service units to joint-stock companies

On the basis of Law on Government Organization dated June 19, 2015;  November 22, 2019; November 22, 2019;

On the basis of Law on Management and Use of State Property dated June 21, 2017

On the basis of Enterprise Law November 26, 2014;

On the basis of Law on Management and Use of State Capital for Business Investment November 26, 2014;

On the basis of Accounting Law November 20, 2015;

On the basis of Securities Law June 29, 2006; Law Amending and Supplementing Certain Provisions of the Securities Law July 20, 2012 of the Government detailing and guiding the implementation of certain provisions of

On the basis of Land Law November 29, 2013;

On the basis of Law on Civil Servants Decision No. 150/2020/NĐ-CP Law Amending and Supplementing Certain Provisions of the Civil Servants Law and the Public Servants Law dated December 7, 2023 of the Government amending and supplementing certain articles of Decree No. 115/2020/NĐ-CP dated September 25, 2020 on recruitment, utilization, and management of public service staff;

At the proposal of the Minister of Finance;

The Government promulgates the Decree on the Conversion of Public Service Units to Joint-Stock Companies.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

This Decree stipulates the process of converting public service units to joint-stock companies.

Article 2. Applicability

1. Public service units that meet the conditions for conversion to joint-stock companies as prescribed in Article 4 of this Decree include:

a) Public service units under ministries, ministerial-level agencies, and government agencies;

b) Public service units under units under ministries, ministerial-level agencies, and government agencies;

c) Public service units under provincial People's Committees (hereinafter referred to as Provincial People's Committee);

d) Public service units under specialized agencies and other administrative organizations of the Provincial People's Committee;

đ) Public service units under district-level People's Committees, urban districts, townships, and cities directly under provinces (hereinafter referred to as District-level People's Committee);

e) Public service units under the Hanoi National University and the Ho Chi Minh City National University;

g) Public service units under public service units under ministries, ministerial-level agencies, and government agencies, Provincial People's Committee, the Hanoi National University, and the Ho Chi Minh City National University;

h) Public service units under enterprises wholly owned by the state with 100% capital contribution;

2. Ministries, ministerial-level agencies, government agencies, Provincial People's Committee, the Hanoi National University, the Ho Chi Minh City National University, and other relevant agencies, organizations, and individuals involved in the conversion of public service units to joint-stock companies.

Article 3. Explanation of Terms

In this Decree, the following terms are understood as follows:

1. Public service units eligible for conversion as specified in Clause 1 of Article 2 of this Decree shall be converted into joint-stock companies.

2. The state capital of public service units to be converted into joint-stock companies is the value of budget funds or funds derived from the state budget and state-owned funds at public service units determined according to the formula prescribed in Clause 2 of Article 23 of this Decree.

3. "The decision-making date for the conversion of public service units into joint-stock companies" is the day the competent authority prescribed in Article 39 of this Decree issues the decision to convert public service units into joint-stock companies.

4. "The valuation date for public service units to be converted into joint-stock companies" is the day the competent authority prescribed in Article 39 of this Decree selects a date suitable for determining the value of public service units.

5. "The announcement date for the valuation of public service units" is the day the competent authority prescribed in Article 39 of this Decree issues the decision to announce the valuation of public service units to be converted into joint-stock companies.

6. "The official conversion date for public service units into joint-stock companies" is the day the public service unit undergoing conversion first obtains the business registration certificate operating under the form of a joint-stock company.

7. "Public auction of shares" is the method of selling shares of public service units undergoing conversion to investors through competitive bidding.

8. "Organizing body for the public auction of shares" is the stock exchange or securities company or service center, asset auction enterprise in accordance with the law on asset auctions selected by the competent authority prescribed in Article 39 of this Decree.

9. "Starting price" is the lowest initial price of a share offered to the outside market decided by the competent authority prescribed in Article 39 of this Decree but not lower than the nominal value of a share (10,000 Vietnamese dong). Determination of the starting price is carried out through consulting organizations ensuring the full determination of the actual value of state capital at public service units undergoing conversion as revalued and announced by the competent authority.

10. "Conversion costs of public service units" are expenses directly related to the process of converting public service units into joint-stock companies from the decision-making date for conversion to the handover date between the converting public service unit and the joint-stock company.

11. Workers employed under labor contracts at the time of conversion include managerial staff, staff, and workers working at public service units undergoing conversion.

Article 4. Conditions for converting public service units into joint-stock companies

Public service units specified in Clause 1, Article 2 of this Decree shall be converted into joint-stock companies when they simultaneously meet the following conditions:

1. Self-funding regular expenses and investment or self-funding regular expenses in the most recent year prior to the conversion period.

2. Remaining state capital after financial settlement and revaluation of the public service unit.

3. Belonging to the list of industries and fields implementing the conversion of public service units into joint-stock companies decided by the Prime Minister during each period. This list does not include industries and fields where specialized laws stipulate that such conversions shall not be carried out.

4. Having a restructuring plan and disposal of real estate which has been approved by the competent authority in accordance with the law on management and use of state assets.

Article 5. Forms of conversion of public service units

1. Maintaining the current state capital at the public service unit and issuing additional shares to increase the charter capital.

2. Selling part of the current state capital at the public service unit or combining selling part of the state capital with issuing additional shares to increase the charter capital.

Article 6. Subjects and conditions for purchasing shares

1. Domestic investors

a) Domestic investors are individuals with Vietnamese nationality, economic organizations established under Vietnamese law, conducting investment and business activities in Vietnam;

b) Domestic investors have the right to purchase shares of public service units being converted without limitation on quantity, except as provided in Clause 4 of this Article.

2. Foreign investors

a) Foreign investors are individuals with foreign nationality, organizations established under foreign law conducting investment and business activities in Vietnam;

b) Foreign investors have the right to purchase shares of public service units being converted according to this Decree and related legal regulations.

Foreign investors wishing to purchase shares must open an account at a credit institution in accordance with Vietnamese law on foreign exchange.

3. Strategic investors:

a) The competent authority prescribed in Article 39 of this Decree decides the sale of initial shares to strategic investors for public service units listed in the Government's Decision on the List of Industries and Fields Implementing the Conversion of Public Service Units into Joint-Stock Companies, where the State continues to hold more than 50% of the charter capital.

b) Strategic investors are domestic and foreign investors meeting the following conditions:

- Having legal personality as prescribed by law;

- Having positive results from production and business operations in the two most recent years up to the time of registering to purchase shares, without accumulated losses;

- Engaging in business activities compatible with the field of public services provided by the public service unit being converted;

- Committing in writing to become a strategic investor of the public service unit being converted, including the following contents:

+ Not transferring the purchased shares within three years from the date the joint-stock company is issued the Enterprise Registration Certificate under the Law on Enterprises 2014 and subsequent amendments and supplements (if any).

+ Having a plan to support the enterprise converted from the public service unit to enhance its financial capacity and corporate governance.

+ Obligations for compensation in case of breach of commitments, with the amount of compensation based on actual losses and the State having the right to decide on the entire number of shares held by the strategic investor.

c) Based on the scale of charter capital, field of operation, and development needs of the unit, the approving authority for the conversion plan of the public service unit determines the criteria for selecting strategic investors and the proportion of shares sold to strategic investors.

d) The procedure for selecting strategic investors at public service units being converted must ensure that the registration to purchase shares by strategic investors is completed before the public announcement of the first public offering of shares, specifically as follows:

- Based on the scale of charter capital, nature of business activities, and development plans of the unit, the Steering Committee for the Conversion of Public Service Units (hereinafter referred to as the Steering Committee) directs the Working Group prescribed in Article 39 of this Decree to cooperate with the public service unit being converted and consulting organizations (if any) to develop selection criteria consistent with the provisions of point b, c, Clause 3 of this Article, the proportion of shares offered, and the objectives of offering shares to strategic investors to be included in the conversion plan;

- The Steering Committee reviews the plan for selling shares to strategic investors, reports to the approving authority for the conversion plan prescribed in Article 39 of this Decree;

- Within five working days from the date the competent authority approves the conversion plan, the public service unit being converted must publicly announce on mass media (in both English and Vietnamese) the contents related to the offer of shares to strategic investors of the public service unit being converted, including: Information about the public service unit being converted; purpose of selecting strategic investors; criteria for selecting strategic investors; proportion of shares offered to strategic investors; rights and obligations when becoming a strategic investor; application form for strategic investors; submission deadline and location. The Ministry of Finance guides the content of the Decision Approving the Conversion Plan of Public Service Units and the Announcement of Information on the Conversion of Public Service Units into Joint-Stock Companies;

- Within thirty days from the date of announcement, the public service unit being converted must review the applications for strategic investors and compile a list of qualified strategic investors to participate in purchasing shares, report to the Steering Committee for approval by the competent authority prescribed in Article 39 of this Decree.

The selection of eligible strategic investors to participate in purchasing shares must be carried out before organizing a public auction for the sale of shares to the public.

- Based on the list of strategic investors that have been approved by the competent authority, the Steering Committee will develop and organize the sale of shares to strategic investors through an auction.

- On the basis of the results of selling shares to strategic investors, the state-owned enterprise being converted shall compile a comprehensive report to submit to the competent authority for review, sign a formal commitment contract with the successful strategic investors, and transfer the proceeds from the sale of shares to strategic investors in accordance with Article 34 of this Decree.

d) In the case where only one strategic investor meets the criteria when registering to purchase shares and the quantity registered for purchase is less than or equal to the number of shares planned to be sold to strategic investors according to the approved conversion plan, the Steering Committee shall report to the competent authority specified in Article 39 of this Decree to decide on selling shares to the strategic investor through direct negotiation at a price not lower than the average successful auction price from the public auction; if the public auction does not succeed, the selling price for the strategic investor will be determined based on the initial price.

e) In the case where two or more strategic investors meet the selection criteria and the total number of shares registered for purchase by strategic investors exceeds the number of shares planned to be sold to strategic investors according to the approved conversion plan, the Steering Committee shall report to the competent authority to decide on organizing an auction among strategic investors on the stock exchange.

The organization of the auction among strategic investors shall be conducted after the public auction with the initial price being the average successful auction price from the public auction (if the public auction does not succeed, the initial price for the auction to strategic investors will be determined based on the initial price stipulated in Clause 9, Article 3 of this Decree) and ensuring the principle of selecting investors with the highest bid prices until the required number of shares is sold.

g) In the case where two or more strategic investors meet the criteria when registering to purchase shares and the total number of shares registered for purchase by strategic investors equals or is less than the number of shares planned to be sold to strategic investors according to the approved conversion plan, the Steering Committee shall negotiate the number of shares to be sold and the selling price for each strategic investor at a price not lower than the average successful auction price from the public auction; if the public auction does not succeed, the selling price for the strategic investor will be determined based on the initial price.

h) If a strategic investor fails to fulfill their commitments, they must compensate for all losses incurred in accordance with the commitment contract and current laws.

h) Strategic investors must deposit a guarantee in cash or provide a guarantee from a credit institution or foreign bank branch in Vietnam. The amount of the deposit or guarantee is 20% of the value of the shares registered for purchase based on the initial price.

If the right to purchase is abandoned, the strategic investor will not receive back the deposit or be subject to a penalty equivalent to the value of the deposit in the case of a guarantee or a guarantee provided.

The organization of selling shares to strategic investors must be completed before the first General Shareholders' Meeting to convert the state-owned enterprise into a joint-stock company.

The remaining shares (the difference between the actual number of shares sold to strategic investors and the total number of shares registered for purchase by strategic investors according to the approved conversion plan), the Steering Committee shall report to the competent authority specified in Article 39 of this Decree to decide on adjusting the charter capital and the capital structure before organizing the first General Shareholders' Meeting.

4. Organizations and individuals who are not allowed to purchase the initial issuance of shares of a state-owned enterprise being converted include:

a) Members of the Steering Committee and the Working Group assisting in the conversion of the state-owned enterprise into a joint-stock company (except members representing the state-owned enterprise being converted);

b) Financial intermediaries and individuals belonging to these organizations involved in providing advisory services for the conversion of the state-owned enterprise into a joint-stock company, auditing financial reports, and determining the value of the state-owned enterprise (except organizations acting as underwriters purchasing unallocated shares according to the underwriting agreement);

c) Organizations conducting the share auction and individuals associated with the auction;

d) Individuals related to organizations and individuals specified in points a, b, and c of this clause in accordance with Clause 17, Article 4 of the Enterprise Law 2014 or any amending, supplementing, or replacing document (if any).

Article 7. Payment Currency and Methods for Initial Public Offering of Shares

1. Domestic and foreign investors purchasing shares of public service units undergoing conversion shall pay in Vietnamese Dong.

2. The initial public offering of shares shall be conducted through the following methods:

a) Public Auction

- The auction method shall be applied in cases where shares are sold to the public without distinction between organizational or individual investors, domestic or foreign;

- The public auction shall be organized at the Securities Trading Center. In cases where the converted public service unit has a share issuance amount with a nominal value under VND 10 billion, the competent authority as stipulated in Article 39 may consider and decide to organize the auction at securities companies or service centers, asset auction enterprises in accordance with the law on asset auctions (except for the case of selling to strategic investors as provided for in Clause 3 of Article 6 of this Decree);

- Information about the converted public service unit and the organization of the auction must be published at the auction site, on mass media, and publicly announced on the Government's Electronic Portal at least 20 working days before the auction of shares;

- The sale price under the public auction method is the successful bid price of each investor. An investor winning at a certain price will purchase shares at that price but not lower than the starting price.

b) Underwriting Method

- The underwriting method involves issuing shares with the guarantee commitment from an underwriting organization regarding the distribution of the entire number of shares issued outside as approved by the competent authority.

In cases of underwriting for foreign investors, it must comply with the provisions of the law on the rights of foreign investors to purchase and contribute capital to Vietnamese enterprises.

If all shares are not sold, underwriting organizations are responsible for purchasing the remaining shares at the underwriting price agreed upon in the underwriting contract, which shall not be lower than the starting price.

- The obligations and powers of the underwriting organization shall be carried out in accordance with the provisions of the law on securities and the underwriting agreement signed between the underwriting organization and the authorized representative of the converted public service unit.

c) Direct Negotiation Method

- The direct negotiation method involves selling shares to investors based on the results of negotiations between the Steering Committee or the organization authorized by the Steering Committee and each investor.

- The direct negotiation method can only be implemented:

+ Selling to strategic investors in cases where strategic investors register to purchase shares in quantities equal to or less than the quantity of shares planned to be sold to strategic investors according to the approved conversion plan, or there is only one strategic investor registering to purchase shares.

+ Selling unsold shares as stipulated in Article 32 of this Decree.

+ Selling to employees and trade unions.

3. Depending on the target and conditions for the first purchase of shares, the competent authority as stipulated in Article 39 of this Decree shall determine the method of selling shares as prescribed in Clause 2 of this Article in accordance with the circumstances.

4. The Ministry of Finance shall provide guidance on Clause 2 and Clause 3 of this Article.

Article 8. Costs of implementation and approval authority

1. Approval authority for budget estimates and final accounts of conversion costs:

a) The Minister of ministries, the head of agencies at ministerial level, and agencies under the Government shall approve budget estimates and final accounts of conversion costs for:

- Public service units under ministries, agencies at ministerial level, and agencies under the Government;

- Public service units under units under ministries, agencies at ministerial level, and agencies under the Government;

- Public service units under state-owned enterprises holding 100% of charter capital under ministries, agencies at ministerial level, and agencies under the Government;

- Public service units directly under public service units under ministries, agencies at ministerial level, and agencies under the Government.

b) The Chairman of the People's Committee of the province shall approve budget estimates and final accounts of conversion costs for:

- Public service units under the People's Committee of the province;

- Public service units under specialized agencies and other administrative organizations under the People's Committee of the province;

- Public service units under state-owned enterprises holding 100% of charter capital under the People's Committee of the province;

- Public service units directly under public service units under the People's Committee of the province;

- Public service units under the People's Committee of the district.

c) The Rector of the Vietnam National University, Hanoi, shall approve budget estimates and final accounts of conversion costs for public service units under the Vietnam National University, Hanoi; the Rector of the Ho Chi Minh City National University shall approve budget estimates and final accounts of conversion costs for public service units under the Ho Chi Minh City National University.

d) The head of public service units shall decide specific expenditure levels according to approved expenditure items and bear legal responsibility for their decisions. Conversion cost expenditures must ensure full, reasonable, and lawful documentation in accordance with current regulations.

2. Costs of implementation include:

a) Direct costs at public service units undergoing conversion:

- Costs for training on converting public service units into joint-stock companies;

- Expenses for inventory and valuation of assets;

- Costs for developing conversion plans and drafting Articles of Association;

- Costs for meetings of employees to implement the conversion of public service units;

- Costs for promotional activities and information dissemination about public service units;

- Costs for hiring auditors to audit financial statements at the time of officially becoming a joint-stock company;

- Costs for organizing the sale of shares;

- Costs for organizing the first shareholders' meeting.

b) Fees for hiring auditing and consulting organizations for the conversion of public service units into joint-stock companies (organizations to determine the value of public service units, organizations to determine initial prices, organizations to develop conversion plans, organizations to sell shares) shall be decided by the Minister, the head of agencies at ministerial level, agencies under the Government, the Chairman of the People's Committee of the province, or the Steering Committee (if authorized). Payment for consulting organizations shall be based on contracts signed between the relevant parties.

c) Remuneration for the Steering Committee and Working Group:

- The monthly remuneration for each member of the Steering Committee and Working Group shall not exceed twice the basic salary for cadres, civil servants, public officials, and armed forces personnel issued by the Government during each period. In cases where the State changes policies regarding salaries for cadres, civil servants, public officials, and armed forces personnel such that there is no longer a basic salary, it shall be implemented according to guidelines from the Ministry of Labor, Invalids, and Social Affairs;

- The payment period for remuneration for each member of the Steering Committee and Working Group shall be based on actual time but not exceeding 24 months from the date of establishment of the Steering Committee and Working Group.

d) Other related costs for converting public service units into joint-stock companies.

3. Costs for hiring auditors to audit financial statements at the time of determining undetermined values are conversion costs, and public service units undergoing conversion may include these costs in their operating expenses for the period.

4. Conversion costs for transforming public service units into joint-stock companies shall be sourced from proceeds from selling shares.

5. In cases where public service units cease to convert into joint-stock companies according to the decision of competent authorities, the conversion costs already incurred shall be included in the production and service operation costs of the public service unit at the time of ceasing the conversion process. If including these costs in production and service operation costs leads to a deficit in the unit's operations, the shortfall shall be covered from the Development Fund of the public service unit. If the Development Fund balance is insufficient to cover the shortfall, it shall be included in the production and service operation costs of the following year.

Article 9. Rights and Obligations of Public Service Units After Conversion to Joint Stock Companies

1. After conversion to joint stock companies, units shall operate in accordance with the Enterprise Law, the Law on Management and Use of State Capital for Business Investment, specialized laws, and current legal regulations.

2. Public service units, after converting to joint stock companies, have the obligation to continue providing public service products for a minimum period of five years from the date of officially becoming a joint stock company.

3. Public service units undergoing conversion are responsible for arranging and utilizing the maximum number of managers and employees of the public service unit at the time of the conversion decision, and resolving employee benefits for those who retire or leave work according to the provisions of the law.

The joint stock company has the obligation to succeed all responsibilities towards employees transferred from the public service unit; has the right to select, arrange employment, and cooperate with relevant agencies to resolve employee benefits according to the provisions of the law.

4. Public service units, after converting to joint stock companies, may use all assets and capital received upon transfer to organize effective operations; succeed all rights and legitimate interests, bear responsibility for debts (including tax arrears, rescheduled ODA loans), labor contracts, and other obligations of the public service unit.

5. Public service units are responsible for coordinating with relevant agencies to inspect and handle financial issues to determine the value of state capital in the unit at the time of officially becoming a joint stock company.

6. Surplus or deficit assets discovered after the public service unit converts to a joint stock company compared to the announced value of the public service unit shall be handled as follows:

a) For surplus assets:

- Increase state capital in the joint stock company if the joint stock company has a need to use them and such need is approved by the Shareholders' Meeting Resolution; simultaneously adjust the registered capital scale and the proportion of state capital in the joint stock company;

- In case the joint stock company does not have a need to use them: Transfer the assets to ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University for handling according to the legal regulations on management and use of state assets. For joint stock companies converted from public service units under state-owned enterprises holding 100% of the registered capital, transfer these assets to state-owned enterprises holding 100% of the registered capital for management and handling according to the regulations.

b) For deficit assets after deducting compensation from organizations and individuals (if any):

The joint stock company shall reduce state capital in the joint stock company if approved by the Shareholders' Meeting Resolution, or record it as production and business costs of the joint stock company if the Shareholders' Meeting Resolution does not approve the reduction of state capital in the joint stock company.

Chapter II

FINANCIAL HANDLING WHEN CONVERTING PUBLIC SERVICE UNITS

Article 10. Inventory, classification of assets and financial surplus handling

1. Within thirty days from the date of receiving the decision to implement the conversion issued by the competent authority, the public service organization undergoing conversion shall be responsible for:

a) Organizing the inventory, classification of assets, funds, and various funds managed and utilized by the public service organization undergoing conversion, specifying clearly: State-owned assets included in the state capital component at the public service organization undergoing conversion; state-owned assets transferred to enterprises converted from public service organizations not included in the state capital component at the public service organization; assets not to be continued to be used to be handed over to the competent asset management agency for disposal.

For some specialized assets of public service organizations undergoing conversion where accessing the assets for inventory and assessing the actual status of the assets is not feasible and effective: Ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University shall instruct the public service organizations undergoing conversion to develop plans for inventorying and assessing the actual status of these assets to seek opinions from relevant state management agencies and technical agencies, based on which they shall decide on appropriate inventory plans and bear responsibility for the results of the inventory;

b) Handing over assets, rights, obligations, and responsibilities attached to the provision of public services by the organization after conversion (in cases where such handover has not yet been carried out) to the public service organization undergoing conversion by ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University;

c) Matching and confirming debts at the time of determining the value of the public service organization undergoing conversion;

d) Preparing an inventory list to determine the types, quantities, quality, and value of existing assets of the organization (including an inventory list of unused, stagnant, and pending liquidation assets), identifying excess or shortage of assets compared to accounting records, analyzing the causes of excess or shortage and the responsibility of related collectives and individuals according to the law.

2. All assets at the public service organization undergoing conversion must be valued, except for the following assets:

a) Assets leased, borrowed, held in custody, processed, entrusted with agency, consigned, contributed, joint ventures, or joint operations of other organizations and individuals and other assets that are not owned by the organization;

b) Unused assets, stagnant assets, and pending liquidation assets;

c) Real estate bases and other state assets that have not been approved by competent authorities to retain and continue using and have been handed over to the competent state asset management agency for disposal;

d) State assets not included in the value of the public service organization.

3. Information about ongoing scientific and technological projects, programs, and topics of public service organizations and the handling measures for assets formed from these programs, projects, and topics must be specifically published in the Public Notice of the Initial Public Offering of Shares of the public service organization.

4. When converting a higher-level public service organization, subordinate public service organizations must carry out valuation according to this Decree, and enterprises wholly owned by public service organizations must carry out valuation according to the regulations on converting state-owned enterprises into joint-stock companies. The valuation time point of subordinate public service organizations and the valuation time point of enterprises wholly owned by public service organizations must coincide with the valuation time point of the higher-level public service organization being converted.

The value of subordinate public service organizations and the value of enterprises wholly owned by public service organizations, once revalued, will be included in the value of the public service organization undergoing conversion.

5. Prior to valuation for conversion, the public service organization shall carry out:

a) Preparing financial statements and final accounts in accordance with the accounting system of public service organizations and conducting audits at the valuation time point according to the regulations of the State for public service organizations, submitting them to the competent authority for approval;

b) Submitting a written request to ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University, and enterprises wholly owned by the state to settle accounts or verify the allocated funds;

c) Submitting a written request to tax authorities to settle accounts or verify the amounts payable to the state budget according to regulations.

Within thirty working days from the date of receipt of the written request from the public service organization undergoing conversion, ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University, and tax authorities must conduct inspections and settlements according to the laws on taxes, state budgets, and related laws. If beyond this period, the agencies have not conducted inspections and settlements, the public service organization undergoing conversion shall base its valuation on the reported figures according to the regulations.

6. Based on the results of inventory, audit of financial statements, and settlement of allocated funds, the public service organization undergoing conversion shall be responsible for coordinating with relevant agencies to handle issues within their jurisdiction before valuing the public service organization. In cases where there are issues exceeding their jurisdiction, the public service organization undergoing conversion must promptly report to the competent authority for consideration and resolution. If the issues have been reported to the competent authorities but not resolved, the organization must clearly record these issues in the Valuation Report of the Converted Organization to serve as a basis for further resolution during the period from the valuation of the organization to the formal conversion into a joint-stock company.

7. The Ministry of Finance shall provide detailed guidance on the provisions of this Article.

Article 11. Land Handling

1. Prior to the competent authority deciding to announce the value of public service units, the land usage plan of public service units undergoing conversion must be approved in accordance with the provisions of the Law on Land.

2. Public service units must develop a land usage plan that is appropriate with:

- The plan for the arrangement and handling of state-owned real estate which has been approved by the competent authority;

- The master plan and land usage plan which have been approved and announced;

- The field of providing public services of the unit.

The Ministry of Natural Resources and Environment shall provide guidance on the land usage plan for public service units converting into joint-stock companies.

Provincial People's Committees are responsible for supervising the use of land after the conversion of public service units. In cases where, after conversion, the joint-stock company no longer requires the land for its intended purpose, it shall be handled according to the provisions of the Law on Land.

3. Regarding the form of land use for converted public service units:

- For the area of land that public service units are currently leasing annually, they continue to lease the land annually;

- For the area of land that has been leased once by the State, land granted by the State without payment of land use fees or with payment of land use fees, or land received through transfer, public service units convert to annual land rental.

The amount of money paid or paid for annual land rental or land granted with payment of land use fees or received through transfer of land use rights by public service units, which has not been recorded in the production and business results up to the time of determining the value of the converted public service unit, shall be considered as prepaid amount and deducted from the annual land rental fee that the joint-stock company converted from the public service unit must pay according to the specific land price decided by the provincial People's Committee.

Article 12. Handling of Surplus, Deficit Assets, Unused Assets, Assets Awaiting Liquidation, Leased, Borrowed, Held in Trust, Agency, Consignment, Joint Venture, and Infrastructure Assets

1. For surplus and deficit assets discovered through inventory, within thirty days from the completion of asset inventory and classification, the converted public service unit must analyze and clarify the reasons and handle them as follows:

- For missing assets, responsibility must be determined for organizations and individuals to compensate material losses according to current regulations. If the missing assets are due to objective reasons (natural disasters, fires, and other force majeure causes), the unit reports to the competent authority to record the reduction of assets according to the law. The compensation amount for missing assets discovered through inventory (if any) shall be supplemented to the Development Fund for Public Services of the converted public service unit;

- For surplus assets, if the cause cannot be determined or the owner cannot be found, the assets shall be recorded as increased assets, included in the valuation portion, and increase the state capital at the converted public service unit.

2. For unused, stagnant, and awaiting liquidation assets, the converted public service unit is responsible for handling them according to current laws. At the valuation point, for unhandled assets, the unit is responsible for continuing to store them and report to the competent authority to decide on their handling and assign tasks to organize the handling according to the law on management and use of state assets.

For unused, stagnant, and awaiting liquidation assets of converted public service units belonging to state-owned enterprises holding 100% of the charter capital, the public service unit transfers these assets to the Parent Company for continued management and liquidation, sale according to regulations.

For the part of the area of buildings and land not approved by the competent authority to retain for continued use and not yet completed the reorganization and handling plan, the Minister, head of a ministry-level agency, government agency, Chairman of the Provincial People's Committee, Director of Hanoi National University, Director of Ho Chi Minh City National University decides to assign the task of handling to the agency responsible for managing state assets according to the law on management and use of state assets.

3. For assets leased, borrowed, held in trust, agency, consignment, joint venture, and infrastructure assets of other organizations and individuals, these assets are not included in the state capital at the enterprise and other assets not belonging to the unit are not included in the value of the unit for conversion.

4. The Ministry of Finance shall provide detailed guidance on the provisions of this Article.

Article 13. Handling assets that are unfinished basic construction costs of projects of public service units, assets formed from Welfare Fund sources, Development Fund for Service Activities

1. For assets that are unfinished basic construction costs of ongoing projects, construction works suspended according to the decision of the competent authority, the converted public service unit shall be responsible for continuing to inherit, monitor, and handle in accordance with the provisions of the law. Specifically, for expenses of projects not approved by the competent authority and have not yet formed physical assets and are not recoverable such as preparatory feasibility study costs, surveying, design costs... the converted public service unit must determine the cause and responsibility for compensation in accordance with current laws, the loss portion shall be handled in the results of activities in accordance with the regulations.

2. For welfare construction works such as kindergartens, health stations, and other welfare assets invested using the Welfare Fund, they shall be transferred to the trade union organization at the joint-stock company for management and use to serve the collective workforce within the joint-stock company in accordance with the land law and related laws. In cases where the trade union organization and the collective workforce within the joint-stock company do not need to use these assets, they may be authorized by the joint-stock company to liquidate and sell them in accordance with the land law and related laws. The proceeds from the liquidation and sale of assets, after deducting related costs and tax liabilities (if any), shall be returned to the Welfare Fund. As for housing for officials, employees, and workers of public service units invested using the Welfare Fund of the public service unit, including housing invested using state budget funds, it shall be transferred to the local land management agency for management.

3. Assets used in production and business operations invested using the Welfare Fund of the converted public service unit, if having complete documentation, shall be re-evaluated and included in the value of the unit for the joint-stock company to continue using in production and business operations.

4. Assets invested from the Development Fund for Service Activities shall be included in the value of the state capital component when determining the value of the public service unit.

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 14. Handling surplus cash balances of the Development Fund for Service Activities, Reward Fund, Welfare Fund, Supplementary Income Fund, Income Stability Reserve Fund, and other funds as prescribed by law

1. The surplus cash balance of the Reward Fund and Welfare Fund at the time of determining the value of the converted public service unit shall be used to offset excess expenditures for employees beyond the established regulations (if any), to pay employees according to the regulations applicable to public service units, the remaining amount shall be distributed to employees currently working based on the number of months worked at the converted public service unit (In cases where the month is not completed and there are odd days, odd days of 15 days or more shall be counted as one full month, less than 15 days shall not be counted). The distribution of surplus cash balances of the Funds to employees shall be completed before the public service unit is converted into a joint-stock company.

2. The surplus cash balance of the Supplementary Income Fund/Income Stability Reserve Fund shall be distributed to employees currently working according to the Fund Management Regulations of the public service unit, not exceeding six months' salary, the remaining amount shall be included in the value of the state capital component when determining the value of the public service unit.

3. The surplus cash balance of the Development Fund for Service Activities at the time of determining the value of the public service unit shall be included in the value of the state capital component of the converted public service unit.

4. Surplus balances of special-purpose Funds and other Funds as prescribed by law

- For portions of the Fund's budget not formed from state budget funds or the revenue-expenditure difference of the public service unit, they shall be transferred to the enterprise converted from the public service unit for continued management and use in accordance with the purpose of raising funds and publicly disclosing the raising and use of the Fund within the unit;

- For portions of the Fund's budget formed from state budget funds or the revenue-expenditure difference of the public service unit, they shall be included in the value of the state capital component of the public service unit;

- In cases where the source of the Fund's budget cannot be separated, the surplus balance of special-purpose Funds and other Funds shall be included in the value of the state capital component of the converted public service unit.

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 15. Handling receivables

1. Public service units undergoing conversion shall be responsible for reconciling and confirming all receivables (including overdue receivables, receivables due but not yet due, and receivables past their due date), and shall recover receivables due before determining the value of the public service unit undergoing conversion.

Receivables that lack sufficient grounds to determine as uncollectible receivables according to regulations shall not be excluded from the value of the public service unit; the public service unit must clarify the reasons for handling them according to the following principles:

a) Determining the responsibility for compensating collective bodies and individuals related to receivables with unidentified debtors, the remaining loss will be handled according to state regulations on handling overdue debts for public service units;

b) Completing documentation and continuing to monitor for recovery of receivables that cannot be proven as uncollectible.

2. In cases where, at the time of determining the value of the public service unit, there are still some receivables with complete documentation but have not been reconciled and confirmed, the head of the public service unit must clearly explain the contents of the receivables, clearly define the responsibilities of collective bodies and individuals involved; they must complete the reconciliation of receivables before the unit receives its first Certificate of Enterprise Registration for Joint Stock Company and report to ministries, agencies equivalent to ministries, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University according to the values recorded in accounting books; simultaneously, they must publicly announce in the decision approving the value of the unit and the conversion plan as the basis for auctioning shares.

3. Public service units undergoing conversion shall be responsible for transferring receivables not included in the value of the public service unit undergoing conversion along with complete documentation and related materials to Vietnam Asset Management Corporation for handling according to the law. For public service units under state-owned enterprises holding 100% of the charter capital, they shall transfer receivables not included in the value of the public service unit undergoing conversion along with complete documentation and related materials to the parent company for handling.

4. Regarding activities providing goods and services (such as rent for housing, land, purchase of goods, labor costs to be paid...), if the public service unit has already paid and recorded in expenses but has not completed by the time of determining the value: The public service unit shall reconcile with contracts and quantities of provided goods and services to reduce expenses and record prepaid expenses when determining the value of the public service unit undergoing conversion (corresponding to the portion of goods and services not yet provided or rental periods not yet executed).

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 16. Handling Payables

1. Public service units shall be responsible for reconciling and confirming all payables to organizations and individuals (including payable amounts due and not yet due) before determining the value of the public service unit.

If, at the time of determining the value of the public service unit, there are still some payables with complete documentation but have not been reconciled and confirmed, the head of the public service unit undergoing conversion must clearly explain the contents of the payables, clearly define the responsibilities of collective bodies and individuals involved; they must complete the reconciliation of payables before the unit receives its first Certificate of Enterprise Registration for Joint Stock Company and report to ministries, agencies equivalent to ministries, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University for consideration and decision according to the values recorded in accounting books; simultaneously, they must publicly announce in the decision approving the value of the unit and the conversion plan as the basis for auctioning shares.

2. Public service units must mobilize legitimate sources of funds to settle payable amounts due before determining the value of the public service unit undergoing conversion or agree in writing with creditors to handle this, including converting payable amounts into share capital contributions.

Converting payable amounts into share capital contributions at the time of determining the value of the public service unit must be stipulated in the conversion plan, publicly announced in the prospectus for the initial public offering of shares, and implemented through the successful auction results of creditors. Accordingly, creditors participating in purchasing shares at the public auction of shares and converting the number of shares corresponding to the amount of debt based on the successful auction results of creditors.

3. Tax arrears and other payments to the state budget:

a) Public service units shall be responsible for paying taxes and state budget arrears before conversion;

b) In cases where public service units undergoing conversion have not completed their obligations to pay taxes and other state budget payments, the joint stock company shall be responsible for assuming all such debts.

4. During the implementation of the conversion process, if public service units encounter difficulties in settling overdue loans from credit institutions (including the Vietnam Development Bank), then the debt shall be handled according to current state regulations and relevant laws regarding the handling of credit institution debts.

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 17. Handling Financial Investments

1. In cases where public service units convert and succeed financial investments, the entire amount of capital shall be determined according to the principles stipulated in Article 26 of this Decree.

2. In cases where public service units convert without succeeding financial investments, they must report to ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University for handling as follows:

a) Transfer financial investment to another unit;

b) Transfer financial investment to other investors in accordance with the provisions of the law;

c) In cases where, at the time of determining the value, the public service unit still cannot sell or transfer the investment to other partners, it must succeed according to the provisions of Clause 1 of this Article.

3. For the value of investment capital in foreign-invested enterprises in Joint Stock Subscription Contracts or Investment Licenses containing clauses committing to transferring all assets to Vietnam when these enterprises terminate their operations, the entire assets of the enterprise must be transferred无偿移交给越南一方，由事业单位继续继承的这部分价值应按照本决定第26条的规定计入事业单位的价值。当外商投资企业在合同或投资许可证规定的经营期限结束时，股份公司必须根据有关国有资产管理和使用的规定将无补偿资产移交给国家管理。事业单位必须公开告知投资者，并在移交清单和公司章程中明确规定这一内容。

Article 18. Handling Certain Special Contents of Public Service Units

1. Regarding the surplus of salary reform funds: At the time of determining the value, if public service units have surplus salary reform funds, they shall be included in the state capital value at the public service units.

2. At the time of determining the value, public service units undergoing conversion shall revalue monetary items denominated in foreign currencies. Exchange rate differences arising from the revaluation of monetary items denominated in foreign currencies from business activities shall be handled according to the regulations on administrative and public institution accounting systems. Exchange rate differences arising from the revaluation of monetary items denominated in foreign currencies from administrative, public institution activities, and project activities shall not be transferred to the operating results of the converted public service units; the balance of exchange rate differences at the time of determining the value shall continue to be monitored by the converted public service units during the period from the valuation date to the formal conversion into joint stock companies.

Information about monetary items denominated in foreign currencies and the results of revaluing such items at the time of determining the value of public service units shall be disclosed in the prospectus.

3. For assets resulting from the implementation of programs and projects but not yet handed over for use, the transferring unit shall hand them over to the converting enterprise for accounting purposes according to the temporary book value as prescribed by the Minister of Finance regarding the management system and depreciation of fixed assets in public service units.

The value of state-owned assets handed over for management by joint stock companies shall be included in the state capital value of the converting public service units.

4. For assets formed through the implementation of scientific and technological tasks using state capital: They shall be handled in accordance with the Government's regulations on the disposal and use of assets formed through the implementation of scientific and technological tasks using state capital or replacement documents.

5. For special assets, dedicated assets in the fields of national defense and security, infrastructure assets, and other state assets managed and used by public service units that are not included in the state capital value when converting to joint stock companies:

- Public service units shall hand over such assets to joint stock companies for continued management or handle them in other forms in accordance with the law on the management and use of state assets;

- For public service units handing over state assets to joint stock companies for management and use without including them in the state capital component of the enterprise: While formulating the conversion plan, they must also prepare and submit for approval a development plan for managing state assets handed over to the enterprise for management without including them in the state capital component of the enterprise, in accordance with the law on the management and use of state assets. The decision approving the conversion plan must include the approved development plan for managing state assets. The development plan for managing state assets not included in the state capital component of the enterprise is part of the conversion plan and must be specifically disclosed in the information announcement for the first public offering of shares of the public service unit.

6. The Ministry of Finance shall provide specific guidance on the contents stipulated in this Article.

Article 19. Financial treatment at the time when public service units officially convert to joint-stock companies

1. Prior to the official conversion to a joint-stock company, the converting public service unit shall implement financial mechanism regulations, distribution of financial results, and preparation of financial reports according to the provisions applicable to public service units.

2. Provisions on financial treatment at the time when public service units officially convert to joint-stock companies:

a) The depreciation value of fixed assets from the time of determining the value of the public service unit to the time of officially converting to a joint-stock company, which has been recorded as a reduction in state budget funds, shall be included in the value of the state capital portion of the converting public service unit at the time of officially converting to a joint-stock company;

b) For ongoing investments in fixed assets and construction projects that have not yet been completed at the time of determining the value of the public service unit but are completed and approved by the competent authority by the time of officially converting to a joint-stock company: In cases where there is a difference between the approved value and the value at the time of determining the value, the converting public service unit shall adjust according to the approved settlement, with the difference being included in the value of the state capital portion of the converting public service unit;

c) The converting public service unit shall revalue foreign currency monetary items at the time of officially converting to a joint-stock company. Exchange rate differences arising from the revaluation of foreign currency monetary items from business operations shall be handled according to the accounting system for administrative and public services. Exchange rate differences arising from the revaluation of foreign currency monetary items from administrative, public service activities, and project activities shall not be transferred to the operating results; the balance of exchange rate differences at this point shall be transferred to the joint-stock company for monitoring;

d) The depreciation rate of fixed assets is the rate registered with the tax authority before the valuation of the public service unit was carried out;

đ) For receivables that have undergone reconciliation procedures but remain unreconciled at the time of officially converting to a joint-stock company, responsibility for compensation must be considered and addressed towards relevant collectives and individuals. The remaining debt value (after deducting the compensation amount of individuals and collectives) shall be recorded as operational expenses of the converting public service unit and transferred to Vietnam Asset Management Company for handling in accordance with the law. For public service units under state-owned enterprises holding 100% of the charter capital, the transfer of records shall be made to the parent company for handling;

e) For payables that have completed reconciliation procedures but remain unconfirmed by creditors at the time of officially converting to a joint-stock company, they shall be recorded as an increase in state capital value of the payable debts without creditor confirmation. The joint-stock company converted from the public service unit shall be responsible for storing records, continuing to inherit and monitor to fulfill debt obligations when requested by creditors and record the payment of debts as production and business expenses of the enterprise in the period;

g) For financial investments: The converting public service unit shall revalue according to the provisions of Articles 24 and 26 of this Decree. The difference in the value of financial investments at the time of officially converting to a joint-stock company compared to the time of determining the value shall be included in the value of the state capital portion of the converting public service unit;

h) The balances of development activity funds, income supplement funds, special funds, and other funds (formed from state budget allocations or surplus revenues of the public service unit) shall be included in the value of the state capital portion of the converting public service unit at the time of officially converting to a joint-stock company;

i) For programs, projects, plans, topics, tasks funded by the state budget that are still ongoing and do not form assets: Public service units may continue to implement until the time of officially converting to a joint-stock company. At the time of officially converting to a joint-stock company, any remaining or unused funds must be remitted to the state budget. The allocated funds will be settled according to the State Budget Law;

k) For programs, projects, plans, topics, tasks funded by the state budget that are still ongoing and form assets:

- In cases where the program, project, topic, or task has been approved by the competent authority with the content that the public service unit is responsible for receiving, managing, and using the formed assets after the research or investment phase, or the unit after conversion has a need to receive (the conversion plan of the public service unit must clearly specify this content): The difference between the formation cost of assets at the time the public service unit officially converts to a joint-stock company compared to the value already included in the state capital when determining the value shall be adjusted into the state capital portion of the public service unit at the time of officially converting to a joint-stock company;

- In cases where the program, project, plan, topic, or task has been approved by the competent authority without stipulating that the public service unit receives, manages, and uses the formed assets after the research or investment phase, and the unit after conversion does not have a need to use the assets formed from the project, program, or topic: The allocated funds to the public service unit shall not be increased in the state capital value at the time of officially converting to a joint-stock company. Ministries, agencies equivalent to ministries, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University shall handle according to the Public Asset Management and Utilization Law and guiding documents.

- In the case where a superior management agency issues a document to stop implementation, the public service unit shall be responsible for refunding the state budget or canceling the budget estimate at the state treasury or handling according to the financial mechanism of the program issued by the competent authority (if applicable). The unfinished assets due to stopping implementation based on the decision of the management agency shall be handled in accordance with the provisions of the Law on Management and Use of State Assets.

l) When preparing financial statements at the official time of transferring to a joint-stock company from a public service unit, the public service unit does not need to implement the source for salary reform. If there is a surplus in the salary reform source when preparing financial statements at the official time of transferring to a joint-stock company, it will be included in the value of the state capital at the public service unit.

m) The difference in state capital increase from the time of determining the value of the public service unit to the official time of transferring to a joint-stock company, after deducting expenses as prescribed, shall be submitted to the state budget in accordance with the laws on revenue collection and utilization from corporate shareholding, divestment of state capital in enterprises, and conversion of public service units to joint-stock companies.

In the event of a decrease in the value of state capital, the unit shall be responsible for reporting to the competent authority deciding the conversion to coordinate with relevant agencies to organize inspections, clarify causes, determine collective and individual responsibilities, and handle as follows:

- If the cause is objective (due to natural disasters, enemy attacks; due to changes in state policy; due to depreciation from the time of determining the value to the official time of transferring to a joint-stock company; or other force majeure reasons), the unit shall report to the competent authority deciding the conversion to consider and decide on using proceeds from selling shares to offset losses after deducting insurance compensation (if any). If the proceeds from selling shares are insufficient to cover the losses, the competent authority deciding the conversion shall consider through the General Meeting of Shareholders to adjust the scale and structure of the registered capital of the unit.

- If the cause is subjective:

+ In the case of a decrease in the difference due to non-final resolution of existing financial issues according to current state regulations when determining the value of state capital at the unit, the responsibility of related agencies (the unit, valuation consulting agency, and the agency deciding the value of the converted public service unit) must be clearly identified for material compensation.

+ In the case of a decrease in the difference due to management, the managers of the unit shall be responsible for compensating the entire loss caused by their subjective actions according to current regulations.

+ In the case of force majeure where the person responsible for compensation is unable to fulfill the compensation according to the decision of the competent authority, the remaining loss shall be handled as if the cause was objective.

3. Within ninety days from the date of receiving the first Certificate of Enterprise Registration for a joint-stock company, the public service unit must complete the following tasks:

a) Based on the value of the public service unit determined by the competent authority, report the financial situation according to the enterprise model at the time of determining the value of the public service unit being converted as stipulated in Clause 2, Article 28 of this Decree, and based on the financial handling regulations at the official time of converting to a joint-stock company as stipulated in Clause 2 of this Article, the converted public service unit shall prepare financial statements according to the enterprise model at the time of registering the first joint-stock company as the basis for transferring to a joint-stock company.

The Ministry of Finance shall guide accounting work when implementing the conversion of public service units to joint-stock companies;

b) Conduct auditing of financial statements;

c) Settle taxes and other payments to the state budget with tax authorities;

d) Settle state budget funds, foreign aid, foreign loans, deductible fees, and retained fees according to the law;

đ) After completing the requirements set out in points a, b, c, and d of this clause, the public service unit shall request the conversion decision-making agency to approve the value of state capital at the official time of converting to a joint-stock company and settle: Proceeds from conversion, payment for surplus labor, conversion costs as prescribed.

4. Within sixty days from the date of receiving the request to approve the value of state capital at the official time of converting to a joint-stock company, the agency deciding the conversion of the public service unit shall be responsible for coordinating with relevant agencies to carry out: Inspection and handling of financial issues; issuing decisions to approve financial settlement, settlement of proceeds from shareholding, settlement of conversion costs, settlement of support funds for surplus labor; Deciding to announce the actual value of state capital at the official time of the public service unit converting to a joint-stock company; Determining additional amounts to be paid according to the laws on revenue collection and utilization from corporate shareholding, divestment of state capital in enterprises, and conversion of public service units to joint-stock companies (if applicable).

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 20. Financial treatment for assets formed from state budget capital allocated to projects, programs, and plans and settled after the official conversion of public service units into joint-stock companies

For projects, programs, and research topics funded by the state budget that joint-stock companies continue to implement after the conversion, settlement shall be conducted according to current laws. The formed assets shall be handed over to the joint-stock company, evaluated, and adjusted into the value of the state-owned share at the joint-stock company, with the difference between the re-evaluated value and the recorded value at the time of official conversion. Based on the re-determined state-owned share at the joint-stock company, the General Shareholders' Meeting of the company decides to adjust the scale and structure of the charter capital according to the law.

Chapter III

DETERMINATION OF THE VALUE OF PUBLIC SERVICE UNITS AFTER CONVERSION

Article 21. Consulting to determine the value of public service units after conversion

1. Public service units may hire consulting organizations to determine the value of the unit, set the initial price, develop privatization plans, and sell the first batch of shares. The hired consulting organization must meet the standards for providing services to determine enterprise value.

2. The selection of consulting organizations meeting the criteria stipulated in Clause 4 and Clause 5 of this Article to determine the value of public service units after conversion shall follow the principle:

a) For tender packages for valuation consulting with a value not exceeding VND 500 million: The Minister, head of a ministry-level agency, government agency, or provincial People's Committee decides to select the organization through direct assignment to determine the value of public service units after conversion;

b) For tender packages for valuation consulting with a value above VND 500 million up to VND 3 billion and only one organization has registered to provide valuation consulting services: The Minister, head of a ministry-level agency, government agency, or provincial People's Committee decides to select the organization through direct assignment to determine the value of public service units after conversion;

c) For tender packages for valuation consulting not covered by points a and b of this clause, the Minister, head of a ministry-level agency, government agency, or provincial People's Committee decides to organize bidding to select the organization to perform valuation consulting to determine the value of public service units after conversion according to the law on bidding.

3. Consulting organizations determining the value of public service units after conversion shall choose appropriate methods to determine the value of public service units, ensuring the principles stipulated in this Decree, pricing regulations, appraisal regulations, land management laws, and laws on the management and use of state assets; complete within the agreed timeframe and in accordance with the commitments made in the signed contract. Public service units after conversion have the responsibility to provide full and truthful information related to the public service unit before conversion to the consulting organization for use during the valuation process.

4. Domestic consulting organizations providing services to determine the value of public service units after conversion must meet the following criteria:

a) Accounting firms, securities companies, and appraisal enterprises established and operating in Vietnam according to the law and certified by the Ministry of Finance to meet the conditions for business in appraisal services under the law on pricing and appraisal;

b) At least five years of experience (60 consecutive months of operation until the date of submitting the application for registration to provide valuation consulting services) in one of the fields: appraisal, auditing, accounting, financial consulting, ownership transfer consulting;

c) Not in the process of dissolution, bankruptcy, restructuring, or special supervision by competent state agencies;

d) Meet the criteria regarding the number and quality of staff working in the fields and industries in which the organization operates;

đ) Not violating laws in their business fields and industries from administrative penalties upwards in the five years immediately preceding the year of registration to perform;

e) Having a business process for determining enterprise value consistent with current laws on converting state-owned enterprises into joint-stock companies and appraisal standards.

5. Foreign consulting organizations providing services to determine enterprise value must meet the following criteria:

a) An organization operating in the fields of appraisal, auditing, accounting, financial consulting, and ownership transfer consulting according to the law of the country where its headquarters is located;

b) With reputation, capability, brand, and at least five years of experience (60 consecutive months of operation until the date of submitting the application for registration to provide valuation consulting services) in one of the fields: appraisal, auditing, accounting, financial consulting, ownership transfer consulting.

6. Responsibilities of consulting organizations to determine the value of public service units after conversion:

a) Adhere to relevant laws during the process of performing valuation services for public service units after conversion and fulfill contracts signed with clients;

b) Bear legal responsibility for the results of determining the value of public service units after conversion;

c) Must compensate for losses resulting from violations of laws during the provision of valuation consulting services or being penalized according to the law;

d) Explain or provide information and data related to the determination of enterprise value when there are complaints or upon written request by ministries, ministry-level agencies, government agencies, provincial People's Committees, State Audit Office, Ministry of Finance, and other competent state agencies;

đ) Maintain confidentiality of client information; store files and documents about public service units that have been valued.

e) Shall not participate in providing valuation advisory services in the following cases: The enterprise manager (as stipulated in the Enterprise Law 2014 and subsequent amendments, supplements, and replacements, if any), the chief accountant (or accounting officer), and the valuation expert of the valuation consulting organization are related parties (as stipulated in the Enterprise Law 2014 and subsequent amendments, supplements, and replacements, if any) to the public service institution undergoing conversion.

Article 22. Methods of application, basis, and time point for determining the value of public service institutions

1. Based on the situation and characteristics of the public service institution, the valuation consulting organization shall select appropriate methods to determine the value of the public service institution according to this Decree and the laws on prices and asset valuation (including enterprise valuation standards) to determine the value of the public service institution undergoing conversion.

The value of the public service institution and the state capital value at the public service institution must be determined and announced without being lower than the value determined according to the asset method prescribed in this Decree.

Each public service institution undergoing conversion must apply at least two different valuation methods (including the asset method prescribed in this Decree) for review and decision by the competent authority specified in Article 39. In case only one method is used to determine the value of the public service institution, the valuation consulting organization must report the reasons for not having sufficient grounds to apply other methods for the competent authority to consider and decide on the value of the public service institution.

2. The basis for determining the value according to the asset method includes:

a) Decisions and minutes of asset handover from the owner to the public service institution implementing the conversion (in cases where handover is carried out as prescribed in point b, Clause 1, Article 10 of this Decree), audited financial reports, and accounting records of the unit at the time of determining the value;

b) Inventory, classification, and quality assessment documents of assets of the unit at the time of determining the value;

c) Market price of assets at the time of determining the value of the public service institution.

3. The time point for determining the value of the public service institution converted into a joint-stock company is the closing date of the accounting period for the most recent quarterly or annual financial report prepared after the decision to convert the public service institution, chosen appropriately by the competent authority in accordance with the asset method.

Article 23. Value of the public service institution converted according to the asset method

1. The actual value of the public service institution undergoing conversion is the total value of all assets of the unit at the time of determining the value after revaluation, including the value of the brand of the public service institution (if any). The determination of the brand value of the public service institution is carried out in accordance with the laws on the management and use of state assets and the guidance of the Ministry of Finance.

2. The actual state capital value at the public service institution equals the actual value of the unit minus the actual debts payable, bonus and welfare funds, surplus income distribution funds for employees of the public service institution, and contributions from organizations and individuals. Among these, actual debts payable are the total value of debts payable minus non-payable debts. The Ministry of Finance will provide detailed guidance on this matter.

Article 24. Principles for Determining the Value of Assets of Public Service Units Undergoing Transformation

1. For intangible assets, public service units undergoing transformation that wish to continue using such assets must reassess their value to include in the value of the public service unit. The reassessment of the value of intangible assets must comply with the legal provisions on valuation and be conducted by organizations with valuation functions.

2. Other assets shall be determined based on their original cost, adjusted according to the market value of similar assets or those with equivalent technical standards, quality, and origin, multiplied by the remaining quality ratio at the time of valuation, but not less than twenty percent of the new asset's value.

3. The value of financial investment items of public service units undergoing transformation at the time of valuation shall be determined in accordance with Article 26 of this Decree, including both existing shares and those to be received without payment, which the public service unit undergoing transformation has already settled its entitlement rights before and at the time of valuation of the public service unit undergoing transformation.

4. The value of state-owned assets assigned to management by the joint-stock company converted from the public service unit shall be included in the state capital portion at the enterprise. In cases where state-owned assets assigned to management by the joint-stock company converted from the public service unit are not included in the state capital portion at the public service unit undergoing transformation, they shall be managed and utilized in accordance with the legal provisions on the management and utilization of state-owned assets.

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 25. Items Not Included in the Value of Public Service Units Undergoing Transformation

1. The value of assets specified in Clause 2 of Article 10 of this Decree.

2. Debts receivable that have sufficient grounds to determine them as uncollectible debts in accordance with the regulations.

3. State-owned assets continued to be assigned for management by public service units undergoing transformation shall not be included in the state capital portion at the public service unit undergoing transformation.

4. The Ministry of Finance shall provide detailed guidance on the provisions of this Article.

Article 26. Determination of the Value of Financial Investment Items of Public Service Units Undergoing Transformation

1. The value of the investment of a public service unit in a listed joint-stock company on the securities market shall be determined based on the reference price of the stock traded on the securities market at the time of valuation of the public service unit. If there is no trading activity at the time of valuation of the public service unit, it shall be determined based on the reference price of the most recent trading session immediately preceding the valuation time.

The value of the investment of a public service unit in a joint-stock company registered for trading on the market of publicly traded companies not listed (UPCOM) shall be determined based on the average transaction price on the system at the time of valuation of the public service unit. If there is no trading activity at the time of valuation of the public service unit, it shall be determined based on the average transaction price on the system of the most recent trading day immediately preceding the valuation time of the public service unit. If the stock of a joint-stock company registered for trading on the UPCOM market does not have any transactions within thirty days prior to the valuation time of the public service unit, it shall be determined in accordance with points a, b, and c of Clause 2 of this Article.

If the market price on the securities market or the UPCOM market is lower than the par value (10,000 VND) but the joint-stock company with the contribution of the public service unit undergoing transformation operates profitably and has no accumulated losses, the value of the contribution of the public service unit undergoing transformation in this joint-stock company shall be determined in accordance with points a and b of Clause 2 of this Article.

2. The value of investments of public service units in other enterprises (except for the cases stipulated in Clause 1 of this Article) shall be determined based on the actual contribution ratio multiplied by the net asset value of the other enterprise:

a) The actual contribution ratio of the public service unit is the percentage of the actual capital contributed by the public service unit compared to the total actual contributions (contributions of all shareholders) of the other enterprise;

b) The net asset value of the other enterprise shall be determined based on the audited financial statements at the same time as the valuation of the public service unit. If the entity with the contribution of the public service unit has not yet audited its financial statements, it shall be based on the net asset value according to the unaudited financial statements at the same time as the valuation of the public service unit.

If the entity with the contribution of the public service unit does not prepare financial statements at the same time as the valuation of the public service unit, it shall be based on the most recent financial statements prior to the valuation time of the public service unit to calculate. The representative of the public service unit's capital in the entity with the contribution shall report to the Steering Committee on the changes in the net asset value of the entity with the contribution from the time of preparation of the financial statements of the entity with the contribution to the valuation time of the public service unit for the Steering Committee to consider and decide.

c) If the actual value of the investment of the public service unit in another enterprise when assessed and reassessed is lower than the recorded value in the accounting books of the public service unit, it shall be determined based on the reassessed actual value but not less than zero (0) VND;

d) The conversion of the value of the contribution of the public service unit in a joint-stock company or a limited liability company with two or more members operating abroad shall be carried out based on the foreign currency purchase rate of the commercial bank where the public service unit regularly conducts transactions at the time of valuation of the public service unit.

Article 27. Announcing the value of public service units undergoing conversion

1. Based on the file determining the value of public service units undergoing conversion established by the valuation consulting organization, the audit results regarding the valuation of public service units conducted by the State Audit Agency (if applicable), the Steering Committee shall review the procedures and formalities for determining the value of public service units undergoing conversion in accordance with the regulations, and report to the competent authority specified in Article 39 of this Decree to issue a decision announcing the value of public service units.

The time for financial processing and the valuation consulting organization to determine the value of public service units undergoing conversion (from the date of determining the value to the date of announcing the value) must ensure that it does not exceed 12 months; for units required to undergo State Audit, the period shall not exceed 15 months.

In cases where the value of public service units undergoing conversion has not been announced within the above time limit, the competent authority mentioned above shall decide to adjust the time for determining the value of public service units undergoing conversion to organize financial processing and re-determine the value of public service units in accordance with the regulations; at the same time, conduct an assessment, handle responsibility, and compensate for material costs incurred due to the extension of the announcement time by related organizations and individuals.

2. The competent authority is responsible for examining, deciding, and announcing the value of public service units undergoing conversion within a period not exceeding 15 working days from the date of receiving complete files (including the conclusion of the State Audit Agency for public service units undergoing conversion as stipulated in Article 30 of this Decree).

3. Within 15 working days from the date the competent authority issues the decision to announce the value, the public service unit undergoing conversion is responsible for preserving and transferring the debts excluded when determining the value of the public service unit undergoing conversion according to the regulations to Vietnam Asset Management Joint Stock Company; specifically, for public service units under state-owned enterprises holding 100% of the charter capital, the transfer shall be made to the parent company.

Article 28. Utilizing the results of determining the valueof public service units undergoing conversion

1. The result of determining the value of public service units by the competent authority serves as the basis for deciding to announce the value of public service units undergoing conversion, developing the conversion plan for public service units (including the business operation plan for 3-5 years post-conversion based on the reassessed value of public service units and corporate financial mechanisms) and setting the initial price for conducting the auction sale of shares.

- In cases where, after reassessing the value, the public service unit undergoing conversion no longer has state capital or financial handling leads to the absence of state capital for conversion, the conversion decision-making agency shall report to the Prime Minister for consideration of stopping the conversion of public service units into joint-stock companies and choosing other restructuring forms in accordance with the law.

- In cases where the business operation plan for 3-5 years post-conversion based on the reassessed value of public service units and corporate financial mechanisms (costs calculated accurately according to market principles) cannot ensure the continued provision of public services due to insufficient revenue to cover costs, the conversion decision-making agency shall report to the Prime Minister for consideration of stopping the conversion of public service units into joint-stock companies and choosing other restructuring forms in accordance with the law.

2. Based on the value of public service units announced by the competent authority, the public service unit undergoing conversion shall prepare a financial situation report of the unit according to the enterprise model at the time of determining the value. The financial situation report of the public service unit undergoing conversion according to the enterprise model at the time of determining the value is one of the documents published along with the prospectus.

3. Based on the financial situation report of the public service unit undergoing conversion according to the enterprise model at the time of determining the value, and the results of financial handling at the time of officially converting into a joint-stock company, the public service unit shall prepare a financial situation report according to the enterprise model at the time of registering the first joint-stock company in accordance with point a, Clause 3, Article 19 of this Decree to serve as the basis for transferring to the joint-stock company.

Article 29. Adjustment of the Value of Public Service Units

1. The competent authority deciding on the value of public service units undergoing conversion shall examine and decide to adjust the published value of such units in accordance with the provisions below:

a) In cases where there are objective reasons (natural disasters, enemy attacks, changes in state policies, or other force majeure reasons) affecting the value of assets of public service units undergoing conversion;

b) When discrepancies are discovered during the process of determining the value of the unit by the consulting organization or the public service unit undergoing conversion.

2. The adjustment of the published value of the unit as stipulated in Clause 1 of this Article shall only apply to public service units undergoing conversion that have not yet publicly auctioned their assets.

3. Within nine months from the date of publication of the unit's value, if the public service unit has not conducted a public auction, it must re-determine the value of the unit, except for cases decided by the Prime Minister based on proposals from ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University, but ensuring that the public auction of the public service unit undergoing conversion does not exceed twelve months from the date of publication of the value.

Article 30. State Audit of Public Service Units Undergoing Conversion

1. The State Audit shall conduct audits of the valuation results of public service units undergoing conversion and handle financial issues before valuation at the request of the Prime Minister, based on proposals from ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University.

2. Responsibilities of the State Audit and related agencies:

a) After receiving the valuation advisory results, ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University shall be responsible for sending documents along with the application file requesting the State Audit to audit the valuation results and handle financial issues prior to officially publishing the value of the public service unit undergoing conversion;

b) Within ten days from the date of receipt of the request from the competent authority, the State Audit shall be responsible for auditing the valuation advisory results and handling financial matters of the public service unit undergoing conversion. The completion and announcement of the audit results shall not exceed sixty working days from the date of commencement of the audit;

c) The public service unit undergoing conversion and the valuation consulting organization shall be responsible for explaining and providing all relevant documents and materials concerning the determination of the unit's value and handling financial issues before valuation according to the requirements of the State Audit.

3. Handling of Audit Results:

Based on the audit results of the valuation of public service units by the State Audit, the Minister, head of a ministerial-level agency, government-affiliated agency, Chairman of the provincial People's Committee, Director of Hanoi National University, and Director of Ho Chi Minh City National University shall consider and decide to publish the value of the public service unit and proceed with subsequent steps of the conversion process in accordance with regulations.

In cases where ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University are not in agreement with the State Audit's announced results, they shall negotiate to reach consensus; if disagreement persists after negotiation, they shall report to the Prime Minister for consideration and decision before announcing the value of the public service unit undergoing conversion within their authority.

Chapter IV

INITIAL SHARE SALE, MANAGEMENT AND USE OF FUNDS FROM PUBLIC SERVICE UNIT CONVERSION, HANDOVER BETWEEN THE CONVERTING PUBLIC SERVICE UNIT AND JOINT STOCK COMPANY

Article 31. Determining the Registered Capital and the Structure of Registered Capital

1. Based on the results of announcing the value of the State's capital portion at the public institution converted and the production and business plan for the years following the conversion to a joint-stock company, the competent authority decides the restructuring plan of the public institution to determine the scale and structure of the registered capital:

a) In cases where the actual value of the State's capital portion at the unit exceeds the necessary registered capital for the operation of the enterprise and does not fall under the category of the State holding controlling shares, the competent authority deciding the restructuring plan shall approve the adjustment of the registered capital according to the actual needs. The difference between the actual value of the State's capital portion at the unit and the required registered capital shall be submitted in accordance with the laws on revenue collection and utilization from the privatization of state-owned enterprises and the conversion of public institutions.

b) In cases where additional shares are issued, the registered capital is determined by the actual value of the State's capital portion at the unit and the value of the additional share issuance based on the par value of the shares.

2. On the basis of the determined registered capital, the authority deciding the conversion determines the initial shareholding structure, including:

a) State shares held according to the classification criteria of the converted public institution announced by the Prime Minister during each period;

b) Shares sold to the grassroots trade union organization at the converted public institution:

The grassroots trade union may use the trade union fund to purchase shares but not exceeding 3% of the registered capital. These shares are held by the trade union organization and cannot be transferred within three years from the date the public institution converts into a joint-stock company; the preferential price for selling shares to the trade union organization is equal to the par value (VND 10,000 per share).

c) Shares sold to employees of the converted public institution in accordance with Article 37 of this Decree;

d) Shares sold to strategic investors (if any) in accordance with Article 6 of this Decree;

đ) Shares publicly auctioned to the public, at least 20% of the registered capital.

3. In cases where the number of preferential shares sold to employees of the converted public institution (based on the maximum preferential rate) exceeds the remaining number of shares expected to be issued (after deducting the number of State-held shares and the number of shares sold to investors and trade unions as stipulated in points a, b, d, đ of Clause 2 of this Article) and the converted public institution does not fall under the category of the State holding controlling shares, the authority approving the restructuring plan shall consider and decide to reduce the number of State-held shares to ensure sufficient preferential shares for employees.

Article 32. Handling Unsold Shares and Adjusting the Registered Capital and Shareholding Structure Based on the Results of Selling Shares

1. Based on the approved restructuring plan of the public institution, the Steering Committee implements the sale of shares to employees and trade unions at the converted public institution. The number of shares that employees and trade unions refuse to buy according to the restructuring plan, the Steering Committee reports to the authority approving the restructuring plan as stipulated in Article 39 of this Decree to supplement the number of shares for public auction to the public.

2. Based on the results of the public auction of shares, the Steering Committee reports to the authority stipulated in Article 39 of this Decree to adjust the registered capital and shareholding structure to ensure the principle:

- In cases where the public institution is converted through the sale of part of the State's capital combined with issuing additional shares, if the issued shares are not fully sold, the number of sold shares is determined as the number of additional shares issued according to the approved restructuring plan. If the total number of sold shares according to the prescribed methods (including the number of shares sold to strategic investors) exceeds the number of additional shares issued according to the restructuring plan, the excess is determined as the number of shares sold from the State's capital.

- The number of preferential shares sold to employees is determined as the number of shares sold from the State's capital.

3. In cases where there is no investor registering to buy shares, the Steering Committee implements the sale of shares to employees and trade unions at the public institution according to the approved restructuring plan, while also implementing procedures to convert the public institution into a joint-stock company. The unsold shares serve as the basis for adjusting the registered capital and shareholding structure in accordance with Clause 2 of this Article.

4. In cases where only one investor registers to buy shares, the Steering Committee implements the agreement to sell shares to the registered investor at a price no lower than the starting price with the valid quantity registered to buy. If the investor does not buy, the converted public institution follows the provisions of Clause 3 of this Article.

5. In cases where all winning bidders in the public auction refuse to buy after the public auction, the converted public institution follows the provisions of Clause 3 of this Article.

6. In cases where some of the offered shares in the public auction have been sold, the remaining unsold shares in the public auction (including the number of shares won by investors but refused to buy) are implemented in the following sequence:

a) The Steering Committee continues to notify the eligible investors who participated in the auction (excluding those who won in the public auction) to sell the shares to these investors according to the registered quantity and the bid price at the auction session, selecting the negotiation price from the highest bid down to the lowest price announced in the auction until the required number of shares is sold.

b) If the shares are not sold to investors after reaching an agreement, the Steering Committee continues to notify the winning bidders from the public auction (excluding investors who won but refused to purchase) to negotiate selling these shares to them at the bid price each investor placed during the auction session, following the principle of selecting negotiation prices from the highest bid down to the lowest announced auction price until the remaining number of shares to be sold is fulfilled.

c) In the case where the number of shares is not fully sold according to the provisions of points a and b of this clause, the converted public service unit shall implement according to the provisions of Clause 3 of this Article.

Article 33. Time Limit for Completing Share Sales

Within four months from the date of the decision approving the conversion plan, the converted public service unit must complete the sale of shares (including sales through underwriting issuance and direct negotiated sales).

Article 34. Management and Utilization of Proceeds from Public Service Unit Conversion

1. Determining the Amount of Proceeds from the Initial Sale of Shares

a) Within five working days from the deadline for investors to pay for participating in the public auction, the organization responsible for conducting the auction has the responsibility to transfer the proceeds from the initial sale of shares to the converted public service unit to handle surplus labor and settle conversion costs according to the budgeted expenses already determined in the approved conversion plan, with the remainder being deposited in accordance with the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion.

b) Within twenty days from the deadline for investors to pay for participating in the public auction, the Steering Committee directs the completion of the sale of shares to trade unions and employees in accordance with this Decree and the approved conversion plan. For the proceeds from the sale of shares to trade unions and employees, the Steering Committee directs the converted public service unit to deposit within five days from the payment deadline as stipulated by the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion.

c) Within twenty days from the deadline for investors to pay for participating in the public auction, the Steering Committee directs the completion of the sale of shares as provided for in Clause 6 of Article 32 of this Decree. Within five days from the payment deadline, the Steering Committee directs the deposit of the proceeds from this sale of shares in accordance with the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion.

d) Within thirty days from the deadline for investors to pay for participating in the public auction, the Steering Committee directs the completion of the sale of shares through negotiated sales to strategic investors as provided for in this Decree. Within five days from the payment deadline, the Steering Committee deposits the proceeds from this sale of shares in accordance with the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion.

đ) Within thirty days from the deadline for investors to pay for participating in the public auction, the Steering Committee directs coordination with the auction organization to complete the auction sales to strategic investors. Within five days from the payment deadline, the Steering Committee transfers the proceeds from this sale of shares for deposit in accordance with the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion.

e) In the event that the total proceeds from the initial sale of shares as specified in point a, b, c, d, đ of Clause 1 of this Article are lower than the budgeted expenses for handling surplus labor and conversion costs according to the approved conversion plan, the converted public service unit may retain the entire amount of proceeds to cover the budgeted payments and complete the final settlement at the time the enterprise receives its first Business Registration Certificate; if there is a shortfall, it shall be handled according to the provisions of point d of Clause 2 of this Article.

2. Determining the Amount of Proceeds from Shares at the Time the Public Service Unit Officially Becomes a Joint Stock Company:

a) Within ninety days from the date of receiving the first Business Registration Certificate, based on the financial report at the time of registering as a joint stock company and the instructions for financial treatment when the enterprise officially becomes a joint stock company as stipulated in Article 19 of this Decree, the enterprise is responsible for self-determining the amount to be paid according to the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion. Among which, the amounts retained by the enterprise include:

- The value corresponding to the additional shares issued at par value;

- The surplus capital from the additional shares issued used to settle conversion costs and policies for surplus labor (if insufficient, it will be handled according to the provisions of point d of this clause); the remaining amount (if any) is left for the joint stock company in proportion to the additional shares issued in the charter capital structure, wherein:

b) Within the scope of five working days from the date of the competent authority's decision regarding the contents prescribed in Clause 4 of Article 19 of this Decree, the converted public service unit is responsible for depositing the additional difference compared to the amount already deposited as determined in point a of Clause 2 of this Article in accordance with the laws on revenue collection and utilization from state-owned enterprise shareholding and public service unit conversion;

c) In the case where the amount payable according to the final settlement of ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University is lower than the amount self-determined and paid by the entity in accordance with point a, Clause 2, Article of this Law, then the entity shall proceed with the procedures to request the refund of the excess payment in accordance with the laws on the collection and utilization of revenue from state-owned enterprise shareholding and the conversion of public service units.

d) In the case where the amount collected from selling preferential shares to employees, trade unions, strategic investors, and other investors through the auction sale of shares does not ensure sufficient coverage of related costs (including conversion costs, labor surplus support costs, employee benefits) as approved by the competent authority in the final settlement, then ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University shall consider and decide through the General Meeting of Shareholders to adjust the reduction of the state capital contribution in the joint-stock company (if there is still state capital in the joint-stock company), the registered capital and the capital structure of the joint-stock company in accordance with reality. In the case where there is no remaining state capital after adjustment, the enterprise shall report to ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University to request the refund of the enterprise for the shortfall in accordance with the laws on the collection and utilization of revenue from state-owned enterprise shareholding and the conversion of public service units.

đ) In the case of implementing the conversion of public service units through the combination of selling part of the existing state capital at the public service unit or simultaneously selling part of the existing state capital and issuing additional shares to increase the registered capital, but the number of shares offered for sale is not fully sold, then it shall be handled as follows:

The number of shares sold is the number of additional shares issued under the conversion plan that has been approved by the competent authority. If the total number of shares sold exceeds the number of additional shares issued, the excess portion shall be determined as the residual state capital.

The revenue from the conversion of public service units shall be determined and implemented in accordance with point a, Clause 2, Article of this Law.

3. After the deadline specified in Clauses 1 and 2 of this Article, if the organization implementing the auction sale and the enterprise have not paid the money to the state budget, then the organization implementing the auction sale and the joint-stock company will be subject to late payment penalties in accordance with the laws on the collection and utilization of revenue from state-owned enterprise shareholding and the conversion of public service units.

4. Ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, Ho Chi Minh City National University shall be responsible for directing the Steering Committee and the joint-stock company to promptly and fully report the management and use of revenue from shareholding to the Ministry of Finance.

5. The Ministry of Finance shall provide detailed guidance on the contents stipulated in this Article.

Article 35. Handover between Public Service Units Implementing Conversion and Joint-Stock Companies

1. Based on the decision approving the financial settlement, the settlement of revenue from conversion, the settlement of conversion costs, the settlement of funding for surplus labor support, and the decision announcing the actual value of the state capital at the time when the public service unit officially becomes a joint-stock company, the Steering Committee shall direct the public service unit undergoing conversion to prepare the handover dossier and organize the handover; the handover completion time shall not exceed 30 days from the date of the decision approving the financial settlement at the time when the unit officially becomes a joint-stock company.

2. The handover dossier includes:

a) Dossier determining the value of the public service unit undergoing conversion and the decision announcing the value of the public service unit undergoing conversion;

b) Financial statements at the time when the unit officially becomes a joint-stock company, which have been audited and approved by the competent authority;

c) Decision determining the value of the state capital at the time of becoming a joint-stock company by the competent authority;

d) Minutes of asset and capital handover established at the time of handover (with detailed lists of receivables and payables handed over for the joint-stock company to continue to inherit and financial issues needing further resolution - if any);

đ) Reports on labor conditions and land use;

e) Other documents.

The Ministry of Finance shall provide specific guidance on this matter.

3. The handover team consists of:

a) The Minister, head of ministerial-level agency, government agency, chairman of provincial People's Committee, Director of Hanoi National University, Director of Ho Chi Minh City National University, and head of the public service unit undergoing conversion, Chief Accountant representing the transferring party;

b) Chairman of the Board of Directors, General Manager, Chief Accountant, and representative of the company's trade union representing the receiving party.

4. The minutes of handover must contain signatures of all members of the handover team and must clearly state: The situation of assets, capital, labor at the time of handover; rights and obligations of the joint-stock company to continue inheriting; unresolved issues that the joint-stock company is responsible for continuing to resolve.

5. The joint-stock company may use all transferred assets and capital to organize its operations; inherit all rights, obligations, and responsibilities of the public service unit that has been handed over and other rights and obligations as stipulated by law.

6. Any obligations and responsibilities of the public service unit determined and settled after the handover to the joint-stock company do not fall under the responsibility of the joint-stock company. In the case where the handover is incomplete due to outstanding debts leading to the joint-stock company not assuming the responsibility for repaying the debt, the agency deciding the conversion of the public service unit into a joint-stock company, the head of the public service unit undergoing conversion, the chief accountant, and related organizations and individuals shall bear full responsibility for settling the debt.

7. Within sixty days from the date of signing the Handover Minutes, the joint-stock company must complete the files on assets and land and submit them to the competent authorities as prescribed for the transfer of ownership, management, and use of assets from the public service unit to the joint-stock company; implement the allocation of land, payment of land use fees, issuance or replacement of certificates of land use rights according to the provisions of the Land Law and guiding documents for the implementation of the Land Law.

Chapter V

POLICIES FOR PUBLIC SERVICE UNITS CONVERTED AND WORKERS

Article 36. Preferential policies for public service units converted

1. Joint-stock companies converted from public service units shall enjoy preferential policies like newly established enterprises.

2. They shall enjoy preferential policies on stamp duties as prescribed by the Law on Fees and Stamp Duties and guiding documents.

3. They may re-sign land lease contracts and house rental contracts with state agencies according to the laws on land and related laws.

4. They may participate in providing public services when they meet the conditions stipulated by current state regulations on ordering, bidding for the provision of public products and services funded by the state budget from regular expenditure.

5. For welfare facilities such as kindergartens, clinics, and other welfare assets invested using the Welfare Fund, they shall be transferred to the trade union organization at the joint-stock company for management and use to serve the collective workers in the joint-stock company.

As for housing for officials and employees invested using the Welfare Fund of the public service unit, it shall be transferred to the local land management agency for management.

6. Public service units that convert to joint-stock companies shall be entitled to preferential policies on scientific and technological activities and socialization encouragement policies as prescribed.

Article 37. Policies for workers in public service units converted

1. Policies for selling shares to workers in converted public service units:

a) The eligible buyers of discounted shares include: civil servants and workers under labor contracts in public service units at the time of determining the value of the converted public service unit;

b) The eligible buyers as specified in point a of Clause 1 of this Article may purchase up to 100 shares per year of actual work in the state sector (including all time worked in state-owned units/organizations) at a price equal to 60% of the par value of one share (10,000 VND per share);

c) The difference between the sale price to civil servants and workers and the par value of the shares as stipulated in Clause 1 of this Article shall be deducted from the state capital value when settling accounts at the time the public service unit officially converts into a joint-stock company;

d) Workers must hold the discounted shares purchased under this clause and may not transfer them within three years from the date of payment for the discounted shares;

e) The total value of the discounted shares sold to workers calculated at par value shall not exceed the state capital value recorded in the accounting books at the time of determining the value of the public service unit.

2. Civil servants and workers under labor contracts in public service units at the time of determining the value of the converted public service unit, who are needed by the converted public service unit and commit to working long-term for the joint-stock company for at least three years (from the date the enterprise is first issued a Business Registration Certificate) shall be allowed to purchase additional shares according to the following provisions:

a) Purchase an additional 200 shares per year of continued employment in the enterprise but not more than 2,000 shares for one worker.

Specifically, workers who are excellent specialists with high professional qualifications may purchase an additional 800 shares per year of continued employment in the enterprise but not more than 8,000 shares for one worker. The converted public service unit shall base on the specific characteristics of its industry and business to establish criteria to identify excellent specialists with high professional qualifications through the Workers' Conference of the public service unit before converting into a joint-stock company and report to the approving authority for decision.

b) The sale price of additional shares for workers as specified in point a of this clause shall be the starting price approved by the competent authority as prescribed in Article 39 of this Decree in the privatization plan;

Each worker may only enjoy the right to purchase additional shares at one level specified in point a of this clause;

d) The number of additional shares that workers can purchase as specified in point a of Clause 2 of this Article shall be determined based on the maximum time commitment to continue working until retirement age as stipulated in the current Labor Code;

e) The additional shares purchased by workers as specified in point a of Clause 2 of this Article shall be converted into ordinary shares after the end of the commitment period.

In case the joint-stock company implements changes in structure, technology, relocation, or reduction in production and business locations at the request of the competent state authority, leading to workers having to terminate their labor contracts, resign, or lose their jobs as stipulated in the Labor Code before the committed period, the additional shares already purchased will be converted into ordinary shares. If workers wish to resell these shares to the company, the joint-stock company shall have the responsibility to repurchase them at market transaction prices.

In case workers terminate their labor contracts before the committed period, they must sell back to the joint-stock company all the additional shares they have purchased at market transaction prices but not exceeding the purchase price at the time of conversion.

3. Workers wishing to purchase additional shares beyond those allowed under Clauses 1 and 2 of this Article shall register for auction purchases.

4. Shall be entitled to share the surplus funds of the Reward Fund, Welfare Fund, and Supplementary Income Fund in accordance with Article 14 of this Decree.

5. Employees in public service units undergoing conversion shall continue to participate in and enjoy social insurance, health insurance benefits, and other entitlements as prescribed under current regulations when transitioning to a joint-stock company.

6. Employees in public service units undergoing conversion shall be entitled to retirement benefits and other rights according to current regulations if they have met the conditions at the time of announcing the value of the public service unit.

Article 38. Policy for surplus employees

1. For civil servants and managerial staff working in public service units undergoing conversion: If the unit cannot arrange employment at the joint-stock company according to the labor utilization plan at the time of determining the value, they shall be entitled to the policy on streamlining the workforce as stipulated by the Government.

2. For employees working under labor contracts in public service units undergoing conversion: If the unit cannot arrange employment at the joint-stock company according to the labor utilization plan at the time of determining the value, they shall be entitled to the policy for surplus employees when restructuring state-owned limited liability companies as stipulated by the Government.

Chapter VI

IMPLEMENTATION

Article 39. Authorities and Responsibilities in Organizing the Conversion

1. The Prime Minister:

a) To issue the List of sectors and fields implementing the conversion of public service units into joint-stock companies;

b) To approve the List of conversions of public service units into joint-stock companies submitted by ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University.

Ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University shall submit to the Prime Minister for approval the List of conversions of public service units under their management in accordance with the Prime Minister's Decision on the List of sectors and fields implementing the conversion of public service units into joint-stock companies.

c) To decide to stop the conversion of public service units into joint-stock companies and switch to other forms of restructuring in accordance with the law upon the proposal of ministries, ministerial-level agencies, government agencies, provincial People's Committees, Hanoi National University, and Ho Chi Minh City National University for cases specified in Clause 1 of Article 28 of this Decree.

2. Ministries, ministerial-level agencies, and government agencies

The authorities and responsibilities of ministries, ministerial-level agencies, and government agencies regarding the conversion of public service units under their jurisdiction; public service units under units of ministries, ministerial-level agencies, and government agencies; public service units under public service units under ministries, ministerial-level agencies, and government agencies; and public service units under state-owned enterprises holding 100% of the charter capital under ministries, ministerial-level agencies, and government agencies include:

a) Issuing the Decision on converting public service units into joint-stock companies;

b) Establishing the Steering Committee for the conversion of public service units;

c) Directing, inspecting, and supervising the process of converting public service units in accordance with this Decree and relevant laws;

d) Deciding or authorizing subordinate units or the Steering Committee to decide: Selection of consulting organizations for conversion, selection of organizations for auctioning shares, and selection of auditing organizations;

đ) Approving the budget for conversion costs; Deciding to announce the value of converted public service units;

e) Reporting to the Prime Minister for consideration and decision to stop the conversion of public service units into joint-stock companies and switch to other forms of restructuring for cases specified in Clause 1 of Article 28 of this Decree;

g) Soliciting opinions from relevant agencies on the conversion plans for public service units and issuing the Decision approving the conversion plans along with draft Articles of Association of joint-stock companies in compliance with the Enterprise Law 2014 and any subsequent amendments, supplements, or replacements, and relevant laws; deciding on the sale of shares to strategic investors, criteria for selecting strategic investors, and the proportion of shares sold to strategic investors for public service units listed in the Prime Minister's Decision on the List of sectors and fields implementing the conversion of public service units into joint-stock companies where the State continues to hold more than 50% of the charter capital;

h) Deciding to adjust state capital in joint-stock companies in accordance with regulations; Deciding to transfer excess assets (if any) to ministries, ministerial-level agencies, and government agencies;

i) Approving the labor utilization plans and surplus labor resolution plans for converted public service units;

k) Approving the criteria for excellent specialists and highly qualified employees, labor utilization plans, and surplus labor resolution plans for converted public service units;

l) Approving financial settlement, conversion cost settlement, settlement of support funds for surplus employees, settlement of proceeds from conversion; announcing the actual value of state capital at the time the public service unit first obtains a Business Registration Certificate;

m) Resolving disputes and complaints related to converted public service units within their authority and in accordance with the law;

n) Directing converted public service units to register and deposit shares won through auctions at the Vietnam Securities Depository and list them for trading on stock exchanges in accordance with regulations.

Direct functional agencies to review and compile the number, list, and addresses of recipients who are border communes, villages, and communities and send them to the Ministry of Ethnic Affairs and Religion before September 1st every year or on an ad hoc basis;

The authorities and responsibilities of provincial People's Committees concerning the conversion of public service units under their jurisdiction; public service units under specialized agencies of provincial People's Committees; public service units under other administrative organizations of provincial People's Committees; public service units directly under public service units under provincial People's Committees; and public service units under state-owned enterprises holding 100% of the charter capital under provincial People's Committees include:

a) Issuing the Decision on converting public service units into joint-stock companies;

b) Establishing the Steering Committee for the conversion of public service units;

c) Direct, inspect, and supervise the process of converting units in accordance with the contents stipulated in this Decree and relevant laws;

d) Decide or authorize specialized agencies, other administrative organizations, or the Steering Committee to decide on selecting consulting organizations for conversion, selecting organizations for auctioning shares, and selecting auditing organizations;

đ) Approve the budget for conversion costs; decide on announcing the value of public service establishments undergoing conversion;

e) Reporting to the Prime Minister for consideration and decision to stop the conversion of public service units into joint-stock companies and switch to other forms of restructuring for cases specified in Clause 1 of Article 28 of this Decree;

g) Solicit opinions from related agencies regarding the conversion plan for public service establishments and issue a Decision approving the conversion plan along with a draft Corporate Charter in compliance with the Enterprise Law 2014 and any subsequent amendments, supplements, or replacements, and relevant laws; decide on selling shares to strategic investors, criteria for selecting strategic investors, and the proportion of shares sold to strategic investors for public service establishments listed in the Government's Prime Minister Decision on the list of sectors and fields implementing the conversion of public service establishments into joint-stock companies;

h) Decide on adjusting state capital at joint-stock companies in accordance with regulations; decide on transferring excess assets to the People's Committee of the province (if any);

i) Approving the labor utilization plans and surplus labor resolution plans for converted public service units;

k) Approving the criteria for excellent specialists and highly qualified employees, labor utilization plans, and surplus labor resolution plans for converted public service units;

l) Approve the final financial settlement, the final settlement of conversion costs, the final settlement of support funds for surplus workers, the final settlement of revenue from conversion, and announce the actual value of state capital at the time when the public service establishment first obtains a Business Registration Certificate;

m) Resolve any difficulties, complaints, or accusations related to public service establishments undergoing conversion within their authority and in accordance with the law;

n) Direct public service establishments undergoing conversion to register and deposit successfully auctioned shares at the Vietnam Securities Depository Center and register for trading on securities exchanges in accordance with Article 42 of this Decree;

4. Hanoi National University, Ho Chi Minh City National University

The powers and responsibilities of Hanoi National University and Ho Chi Minh City National University in relation to the conversion of public service establishments under their jurisdiction include:

a) Issuing the Decision on converting public service units into joint-stock companies;

b) Establishing the Steering Committee for the conversion of public service units;

c) Direct, inspect, and supervise the process of converting units in accordance with the contents stipulated in this Decree and relevant laws;

d) Decide or authorize subordinate units or the Steering Committee to decide on selecting consulting organizations for conversion, selecting organizations for auctioning shares, and selecting auditing organizations;

đ) Approve the budget for conversion costs; decide on announcing the value of public service establishments undergoing conversion;

e) Reporting to the Prime Minister for consideration and decision to stop the conversion of public service units into joint-stock companies and switch to other forms of restructuring for cases specified in Clause 1 of Article 28 of this Decree;

g) Solicit opinions from related agencies regarding the conversion plan for public service establishments and issue a Decision approving the conversion plan along with a draft Corporate Charter in compliance with the Enterprise Law and relevant laws; decide on selling shares to strategic investors, criteria for selecting strategic investors, and the proportion of shares sold to strategic investors for public service establishments listed in the Government's Prime Minister Decision on the list of sectors and fields implementing the conversion of public service establishments into joint-stock companies;

h) Quyết định điều chỉnh vốn nhà nước tại công ty cổ phần theo quy định; quyết định bàn giao cho Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh đối với tài sản thừa (nếu có);

i) Phê duyệt phương án sử dụng lao động và giải quyết lao động dôi dư đối với đơn vị sự nghiệp công lập chuyển đổi;

k) Phê duyệt tiêu chí người lao động là chuyên gia giỏi, có trình độ cao, phương án sử dụng lao động và giải quyết lao động dôi dư đối với đơn vị sự nghiệp công lập chuyển đổi;

l) Phê duyệt quyết toán tài chính; quyết toán chi phí chuyển đổi; quyết toán kinh phí hỗ trợ cho người lao động dôi dư, quyết toán số tiền thu từ chuyển đổi và công bố giá trị thực tế phần vốn nhà nước tại thời điểm đơn vị sự nghiệp công lập được cấp Giấy chứng nhận đăng ký doanh nghiệp lần đầu;

m) Giải quyết vướng mắc, khiếu nại, tố cáo liên quan đến đơn vị sự nghiệp công lập chuyển đổi theo thẩm quyền và quy định của pháp luật;

n) Chỉ đạo đơn vị sự nghiệp công lập chuyển đổi thực hiện đăng ký, lưu ký cổ phần trúng đấu giá tại Trung tâm lưu ký chứng khoán Việt Nam và đăng ký giao dịch tại các sàn giao dịch chứng khoán theo quy định.

5. UBND cấp huyện chỉ đạo đơn vị sự nghiệp công lập trực thuộc thực hiện kế hoạch chuyển đổi theo danh mục chuyển đổi đã được Thủ tướng Chính phủ phê duyệt theo chỉ đạo của UBND cấp tỉnh;

6. Hội đồng thành viên Công ty mẹ Tập đoàn kinh tế, Tổng công ty nhà nước; Hội đồng thành viên hoặc Chủ tịch Công ty trách nhiệm hữu hạn một thành viên độc lập do Nhà nước nắm giữ 100% vốn điều lệ: Chỉ đạo đơn vị sự nghiệp công lập trực thuộc thực hiện kế hoạch chuyển đổi theo danh mục chuyển đổi đã được Thủ tướng Chính phủ phê duyệt theo chỉ đạo của bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh.

7. Đơn vị sự nghiệp công lập cấp trên của đơn vị sự nghiệp công lập chuyển đổi: Chỉ đạo đơn vị sự nghiệp công lập trực thuộc thực hiện kế hoạch chuyển đổi theo danh mục chuyển đổi đã được Thủ tướng Chính phủ phê duyệt theo chỉ đạo của bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh.

8. Quyền hạn, trách nhiệm và thành phần Ban Chỉ đạo:

a) Ban Chỉ đạo có quyền hạn, trách nhiệm sau:

- Giúp cơ quan quyết định chuyển đổi đơn vị sự nghiệp công lập thực hiện chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần theo quy định tại Nghị định này;

- Được sử dụng con dấu của bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh trong khi thực hiện nhiệm vụ;

- Thành lập Tổ giúp việc triển khai công tác chuyển đổi đơn vị sự nghiệp công lập;

- Chỉ đạo đơn vị sự nghiệp công lập chuyển đổi thực hiện:

+ Chuẩn bị hồ sơ, tài liệu pháp lý về tài sản của đơn vị (bao gồm cả nhà cửa, đất đai); phương án sử dụng đất sau cổ phần hóa; kiểm kê tài sản, đối chiếu công nợ tại thời điểm lập báo cáo tài chính theo quy định của pháp luật;

+ Xây dựng kế hoạch, tiến độ chuyển đổi thành công ty cổ phần;

+ Xử lý các vấn đề về tài chính, lao động,

+ Tổ chức xác định giá trị đơn vị sự nghiệp công lập theo quy định tại Nghị định này;

+ Xây dựng phương án chuyển đổi theo quy định tại khoản 6 Bước 1 Phụ lục ban hành kèm theo Nghị định này;

- Thẩm tra và trình bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh lựa chọn tổ chức tư vấn cổ phần hóa, lựa chọn tổ chức bán đấu giá cổ phần, lựa chọn nhà đầu tư chiến lược, quyết định công bố giá trị đơn vị sự nghiệp công lập, lựa chọn phương thức bán cổ phần lần đầu, quyết định phê duyệt phương án chuyển đổi đảm bảo hiệu quả hoạt động của đơn vị sự nghiệp công lập sau chuyển đổi;

- Chỉ đạo đơn vị sự nghiệp công lập chuyển đổi phối hợp với các tổ chức đấu giá bán cổ phần theo quy định;

- Chỉ đạo đơn vị sự nghiệp công lập chuyển đổi xác định số tiền thu về cổ phần hóa phù hợp với hình thức chuyển đổi thành công ty cổ phần, lập báo cáo quyết toán (quyết toán tài chính thời điểm chính thức chuyển sang công ty cổ phần, quyết toán chi phí chuyển đổi, chi phí giải quyết chế độ cho người lao động dôi dư, chi phí ưu đãi cho người lao động và tổ chức công đoàn) báo cáo cơ quan có thẩm quyền phê duyệt;

- Tổng hợp báo cáo bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh. Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh kết quả bán cổ phần;

- Tổng hợp và trình bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh quyết định điều chỉnh phương án chuyển đổi thành công ty cổ phần, quyết định điều chỉnh giá trị doanh nghiệp sau khi chuyển thành công ty cổ phần;

- Phối hợp với các cơ quan liên quan thẩm tra và trình bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh quyết định phê duyệt quyết toán tài chính; quyết toán chi phí chuyển đổi; quyết toán kinh phí hỗ trợ cho người lao động dôi dư; quyết toán số tiền thu từ chuyển đổi đơn vị sự nghiệp công lập và công bố giá trị thực tế phần vốn nhà nước tại thời điểm công ty cổ phần được cấp Giấy chứng nhận đăng ký doanh nghiệp lần đầu;

- Xem xét và đề xuất với bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh cấp tỉnh cử người đại diện phần vốn nhà nước, đại diện chủ sở hữu vốn góp tại công ty cổ phần chuyển đổi từ đơn vị sự nghiệp công lập;

- Chỉ đạo đơn vị sự nghiệp công lập chuyển đổi thực hiện công bố công khai kịp thời, đầy đủ quá trình chuyển đổi trên Cổng thông tin điện tử Chính phủ và gửi về Bộ Tài chính, Bộ Kế hoạch và Đầu tư, Ban Chỉ đạo Đổi mới và Phát triển doanh nghiệp để theo dõi.

b) Thành phần Ban Chỉ đạo do Bộ trưởng, Thủ trưởng cơ quan ngang bộ, cơ quan thuộc Chính phủ, Chủ tịch UBND cấp tỉnh, Giám đốc Đại học Quốc gia Hà Nội, Giám đốc Đại học Quốc gia thành phố Hồ Chí Minh quyết định.

9. Trách nhiệm của doanh nghiệp chuyển đổi từ đơn vị sự nghiệp công lập:

a) Phải cam kết tiếp tục cung cấp dịch vụ sự nghiệp công với chất lượng tốt;

b) Có trách nhiệm báo cáo cơ quan có thẩm quyền thực hiện giám sát tình hình cung cấp dịch vụ sự nghiệp công sau khi chuyển đổi.

10. Trách nhiệm trong việc giám sát sau khi đơn vị sự nghiệp công lập hoàn thành chuyển đổi thành công ty cổ phần:

a) Trách nhiệm của bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh:

- Định kỳ hàng năm, báo cáo về kết quả thực hiện chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần, tỷ lệ vốn nhà nước tại công ty cổ phần chuyển đổi từ đơn vị sự nghiệp công lập, tình hình sản xuất kinh doanh, biến động về quy mô lao động và thu nhập trung bình của người lao động. Báo cáo được gửi tái Bộ Kế hoạch và Đầu tư, Bộ Tài chính, Ban Chỉ đạo Đổi mới và Phát triển doanh nghiệp, Ban Chỉ đạo về đổi mới cơ chế hoạt động của đơn vị sự nghiệp công lập trước ngày 31/3 năm sau;

- Ban hành sửa đổi, bổ sung theo thẩm quyền cơ chế giám sát, đánh giá kiểm định chất lượng và quy chế kiểm tra, nghiệm thu sản phẩm, dịch vụ công thuộc phạm vi quản lý;

- Thực hiện giám sát tài chính, đánh giá hiệu quả hoạt động của doanh nghiệp có vốn nhà nước chuyển đổi từ đơn vị sự nghiệp công lập theo quy định của Chính phủ.

b) Trách nhiệm của Bộ Kế hoạch và Đầu tư:

- Định kỳ hàng năm, tổng hợp báo cáo Thủ tướng Chính phủ về tình hình chuyển đổi và kết quả chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần;

- Rà soát, kiến nghị Thủ tướng Chính phủ sửa đổi, bổ sung Danh mục ngành, lĩnh vực thực hiện chuyển đơn vị sự nghiệp công lập thành công ty cổ phần theo từng thời kỳ nhất định.

c) Trách nhiệm của Bộ Tài chính

Trên cơ sở báo cáo của các bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh, UBND cấp tỉnh, Bộ Tài chính có trách nhiệm rà soát tình hình thực hiện chính sách về chuyển đơn vị sự nghiệp công lập thành công ty cổ phần, báo cáo Chính phủ điều chỉnh cho phù hợp.

11. Bộ Tài chính hướng dẫn trách nhiệm của: Tổ chức thực hiện bán đấu giá cổ phần; trung tâm lưu ký chứng khoán Việt Nam; sở giao dịch chứng khoán; nhà đầu tư.

Điều 40. Quy định về chủ sở hữu phần vốn nhà nước tại công ty cổ phần chuyển đổi từ đơn vị sự nghiệp công lập

1. Bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ là cơ quan đại diện chủ sở hữu phần vốn nhà nước tại công ty cổ phần được chuyển đổi từ đơn vị sự nghiệp công lập thuộc bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, đơn vị sự nghiệp công lập thuộc đơn vị của bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ.

2. UBND cấp tỉnh là cơ quan đại diện chủ sở hữu phần vốn nhà nước tại công ty cổ phần được chuyển đổi từ đơn vị sự nghiệp công lập thuộc UBND cấp tỉnh, đơn vị sự nghiệp công lập thuộc cơ quan chuyên môn của UBND cấp tỉnh, đơn vị sự nghiệp công lập thuộc tổ chức hành chính khác thuộc UBND cấp tỉnh, đơn vị sự nghiệp công lập thuộc UBND cấp huyện.

3. Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh là chủ sở hữu phân vốn nhà nước tại công ty cổ phần được chuyển đổi từ đơn vị sự nghiệp công lập thuộc Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh.

4. Đơn vị sự nghiệp công lập cấp trên là chủ sở hữu phần vốn nhà nước đầu tư tại công ty cổ phần được chuyển đổi từ đơn vị sự nghiệp công lập trực thuộc.

5. Công ty mẹ Tập đoàn kinh tế, tổng công ty nhà nước, công ty trách nhiệm hữu hạn một thành viên do nhà nước nắm giữ 100% vốn điều lệ là chủ sở hữu phần vốn đầu tư tại công ty cổ phần được chuyển đổi từ đơn vị sự nghiệp công lập trực thuộc.

Điều 41. Chế độ báo cáo

Bộ trưởng, người đứng đầu cơ quan ngang bộ, cơ quan thuộc Chính phủ, Chủ tịch UBND cấp tỉnh, Giám đốc Đại học Quốc gia Hà Nội, Giám đốc Đại học Quốc gia thành phố Hồ Chí Minh, Chủ tịch UBND cấp huyện, Hội đồng thành viên Công ty mẹ Tập đoàn kinh tế, Tổng công ty nhà nước; Hội đồng thành viên, Tổng giám đốc, giám đốc doanh nghiệp do nhà nước nắm giữ 100% vốn điều lệ có trách nhiệm:

1. Báo cáo kịp thời về Ban Chỉ đạo Đổi mới và Phát triển doanh nghiệp, Bộ Tài chính và Bộ Kế hoạch và Đầu tư các nội dung có liên quan trong quá trình chuyển đổi đơn vị sự nghiệp công lập như: Kết quả xử lý các tồn tại về tài chính, kết quả định giá, quyết định công bố giá trị đơn vị sự nghiệp công lập chuyển đổi và điều chỉnh giá trị đơn vị, phương án chuyển đổi đơn vị sự nghiệp công lập sang công ty cổ phần, kết quả bán cổ phần, quyết toán chi phí chuyển đổi đơn vị sự nghiệp công lập, quyết toán bàn giao sang công ty cổ phần, các hành vi vi phạm của tổ chức tư vấn trong quá trình cổ phần hóa.

2. Chỉ đạo đơn vị sự nghiệp công lập thực hiện công bố đầy đủ, kịp thời các nội dung quy định tại Điều 42 Nghị định này.

Điều 42. Thực hiện công khai, minh bạch thông tin và đăng ký, niêm yết trên thị trường chứng khoán

1. Đơn vị sự nghiệp công lập chuyển đổi phải thực hiện công bố công khai trên Cổng thông tin điện tử Chính phủ, đồng thời gửi về Bộ Tài chính, Bộ Kế hoạch và Đầu tư, Ban Chỉ đạo Đổi mới và Phát triển doanh nghiệp để theo dõi: Lộ trình và tiến độ triển khai chuyển đổi đơn vị sự nghiệp công lập, các thông tin về đơn vị (trong đó có phương án sử dụng đất đã được phê duyệt, các diện tích đất đang có tranh chấp cần tiếp tục giải quyết - nếu có), các vấn đề về xử lý tài chính trong quá trình chuyển đổi, phương pháp định giá và kết quả xác định giá trị đơn vị, phương án chuyển đổi, tình hình và kết quả triển khai phương án chuyển đổi, tình hình quản lý và sử dụng đất đai, phương án sắp xếp và mua cổ phần của người lao động, dự thảo điều lệ của doanh nghiệp theo đúng quy định tại Luật Doanh nghiệp. Bộ Tài chính hướng dẫn cụ thể nội dung này.

2. Khi lập hồ sơ bán đấu giá cổ phần lần đầu ra công chúng, đơn vị sự nghiệp công lập chuyển đổi đồng thời phải lập hồ sơ đăng ký lưu ký và hồ sơ đăng ký giao dịch hoặc niêm yết trên thị trường chứng khoán (đối với đơn vị đủ điều kiện niêm yết theo quy định của pháp luật về chứng khoán). Ngay sau khi kết thúc đợt chào bán, nếu đáp ứng đầy đủ các điều kiện niêm yết tại Sở giao dịch chứng khoán, đơn vị sự nghiệp công lập chuyển đổi phải nộp hồ sơ niêm yết và thông báo kết quả chào bán cho Ủy ban Chứng khoán nhà nước.

3. Trong thời hạn tối đa 90 ngày kể từ ngày kết thúc đợt chào bán cổ phiếu ra công chúng, trường hợp đáp ứng đủ điều kiện về công ty đại chúng theo pháp luật về chứng khoán, đơn vị sự nghiệp công lập chuyển đổi phải hoàn tất thủ tục đăng ký lưu ký cổ phiếu tại Trung tâm lưu ký chứng khoán Việt Nam và đăng ký giao dịch trên hệ thống giao dịch Upcom.

4. Trường hợp đơn vị sự nghiệp công lập chuyển đổi theo hình thức vừa bán bớt một phần vốn nhà nước vừa phát hành thêm cổ phiếu để tăng vốn điều lệ dưới hình thức đấu giá công khai để chào bán cổ phiếu ra công chúng nếu đáp ứng đầy đủ các điều kiện niêm yết tại Sở giao dịch chứng khoán, đơn vị sự nghiệp công lập chuyển đổi phải nộp hồ sơ niêm yết ngay sau khi kết thúc đợt chào bán và thông báo kết quả chào bán cho Ủy ban Chứng khoán nhà nước.

5. Bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh quy định việc cổ phần hóa đồng thời với việc đăng ký, niêm yết trên thị trường chứng khoán trong phương án chuyển đổi đơn vị sự nghiệp công lập để công bố cho các nhà đầu tư biết trước khi bán cổ phần lần đầu.

Trường hợp đơn vị sự nghiệp công lập chuyển đổi đồng thời niêm yết ngay trên Sở Giao dịch chứng khoán thì bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh quyết định khối lượng cổ phần đặt mua tối thiểu đối với số cổ phần bán ra công chúng trong phương án phát hành cổ phần lần đầu để doanh nghiệp chuyển đổi từ đơn vị sự nghiệp công lập có đủ điều kiện niêm yết. Quy định mức đặt mua tối thiểu trong phương án phát hành cổ phần lần đầu không phân biệt đối xử giữa các nhà đầu tư thuộc mọi thành phần kinh tế.

Chương VII

ĐIỀU KHOẢN THI HÀNH

Điều 43. Điều khoản chuyển tiếp

1. Các đơn vị sự nghiệp công lập chuyển đổi đã có quyết định công bố giá trị đơn vị nhưng chưa được phê duyệt phương án chuyển đổi trước ngày Nghị định này có hiệu lực thi hành thì phải xây dựng phương án chuyển đổi và triển khai phương án theo quy định tại Nghị định này. Các đơn vị sự nghiệp công lập chuyển đổi thuộc đối tượng quy định tại Điều 30 Nghị định này phải thực hiện Kiểm toán Nhà nước và điều chỉnh lại giá trị đơn vị đã công bố nếu có chênh lệch.

2. Các đơn vị sự nghiệp công lập chuyển đổi đã có quyết định phê duyệt phương án chuyển đổi của cấp có thẩm quyền trước ngày Nghị định này có hiệu lực thi hành thi tiếp tục thực hiện theo phương án được duyệt. Việc xử lý các vấn đề về tài chính và quyết toán và nộp số tiền thu từ chuyển đổi tại thời điểm được cấp Giấy chứng nhận đăng ký doanh nghiệp cổ phần lần đầu thực hiện theo quy định tại Nghị định này.

3. Các đơn vị sự nghiệp công lập chuyển đổi đã được cấp có thẩm quyền phê duyệt phương án bán cổ phần cho nhà đầu tư chiến lược trước ngày Nghị định này có hiệu lực thi hành thì tiếp tục thực hiện theo phương án được duyệt. Số cổ phần còn lại (chênh lệch giữa số cổ phần thực tế bán cho nhà đầu tư chiến lược với tổng số cổ phần dự kiến bán cho nhà đầu tư chiến lược theo phương án chuyển đổi được duyệt), cơ quan công bố giá trị đơn vị sự nghiệp công lập chuyển đổi quyết định điều chỉnh vốn điều lệ và cơ cấu vốn điều lệ trước khi tổ chức Đại hội cổ đông lần đầu để tiếp tục thực hiện chuyển nhượng vốn theo quy định của pháp luật hiện hành về chuyển nhượng vốn nhà nước đầu tư tại công ty cổ phần.

4. Các đơn vị sự nghiệp công lập đã chuyển sang hoạt động dưới hình thức công ty cổ phần trước ngày Nghị định này có hiệu lực thi hành: Việc xử lý các vấn đề về tài chính, quyết định phê duyệt quyết toán tài chính; quyết toán chi phí chuyển đổi, quyết toán kinh phí hỗ trợ cho người lao động dôi dư, quyết toán số tiền thu từ chuyển đổi và quyết định công bố giá trị thực tế phần vốn nhà nước tại thời điểm công ty cổ phần được cấp Giấy chứng nhận dạng ký doanh nghiệp cổ phần lần đầu và chỉ đạo tổ chức bàn giao cho công ty cổ phần theo quy định tại Quyết định số 22/2015/QĐ-TTg ngày 22 tháng 6 năm 2015 của Thủ tướng Chính phủ; việc nộp các khoản thu về chuyển đổi đơn vị sự nghiệp công lập được thực hiện theo quy định của pháp luật về thu, sử dụng nguồn thu từ cổ phần hóa doanh nghiệp nhà nước và chuyển đổi đơn vị sự nghiệp công lập.

5. Đối với các đơn vị sự nghiệp công lập thuộc đối tượng áp dụng của Quyết định số 31/2017/QĐ-TTg ngày 17 tháng 7 năm 2017 của Thủ tướng Chính phủ về tiêu chí, danh mục ngành, lĩnh vực thực hiện chuyển đơn vị sự nghiệp công lập thành công ty cổ phần nhưng không thuộc đối tượng áp dụng của Quyết định số 22/2015/QĐ-TTg ngày 22 tháng 6 năm 2015 của Thủ tướng Chính phủ về chuyển đơn vị sự nghiệp công lập thành công ty cổ phần và đang thực hiện chuyển đổi thành công ty cổ phần theo Quyết định số 22/2015/QĐ-TTg ngày 22 tháng 6 năm 2015 của Thủ tướng Chính phủ thì được tiếp tục thực hiện chuyển thành công ty cổ phần theo quy định tại Nghị định này.

Điều 44. Hiệu lực thi hành

Nghị định này có hiệu lực thi hành kể từ ngày 15 tháng 02 năm 2021. Quyết định số 22/2015/QĐ-TTg ngày 22 tháng 6 năm 2015 của Thủ tướng Chính phủ về việc chuyển đơn vị sự nghiệp công lập thành công ty cổ phần hết hiệu lực kể từ ngày Nghị định này có hiệu lực thi hành.

Điều 45. Trách nhiệm thi hành và tổ chức thực hiện

1. Bộ Tài chính có trách nhiệm hướng dẫn: Xử lý tài chính, xác định giá trị đơn vị sự nghiệp công lập, bán cổ phần lần đầu và quản lý, sử dụng tiền thu từ chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần; hướng dẫn công tác kế toán khi thực hiện chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần.

2. Bộ Tài nguyên và Môi trường có trách nhiệm hướng dẫn việc lập và phê duyệt phương án sử dụng đất đối với đơn vị sự nghiệp công lập thực hiện chuyển đổi thành công ty cổ phần.

3. Tổ chức chính trị, tổ chức chính trị - xã hội được áp dụng các quy định tại Nghị định này để thực hiện chuyển đổi các đơn vị sự nghiệp công lập thuộc tổ chức thành công ty cổ phần.

4. Công ty cổ phần chuyển đổi từ doanh nghiệp nhà nước được áp dụng quy định tại Nghị định này để tổ chức, thực hiện chuyển đổi các đơn vị sự nghiệp trực thuộc thành công ty cổ phần. Ngân sách nhà nước không cấp kinh phí cho việc thực hiện chuyển đổi đơn vị sự nghiệp thuộc các doanh nghiệp này thành công ty cổ phần.

5. Các Bộ trưởng, Thủ trưởng cơ quan ngang bộ, Thủ trưởng cơ quan thuộc Chính phủ, Chủ tịch Ủy ban nhân dân cấp tỉnh, Giám đốc Đại học Quốc gia Hà Nội, Giám đốc Đại học Quốc gia thành phố Hồ Chí Minh, Chủ tịch Ủy ban nhân dân cấp huyện, Chủ tịch Hội đồng thành viên, Tổng giám đốc doanh nghiệp do nhà nước nắm giữ 100% vốn điều lệ và người đứng đầu đơn vị sự nghiệp công lập chuyển đổi có trách nhiệm thực hiện các quy định tại Nghị định này./.

 

PHỤ LỤC

QUY TRÌNH CHUYỂN ĐƠN VỊ SỰ NGHIỆP CÔNG LẬP THÀNH CÔNG TY CỔ PHẦN
(Kèm theo Nghị định số 150/2020/NĐ-CP ngày 25 tháng 12 năm 2020 của Chính phủ)

Quy trình chuyển đơn vị sự nghiệp công lập thành công ty cổ phần bao gồm các bước công việc sau:

Bước 1. Xây dựng Phương án chuyển đổi

1. Thành lập Ban Chỉ đạo và Tổ giúp việc.

a) Căn cứ Danh mục các đơn vị sự nghiệp công lập thuộc các bộ/ngành/địa phương được Thủ tướng Chính phủ phê duyệt, cơ quan có thẩm quyền quyết định việc chuyển đổi đơn vị sự nghiệp công lập quyết định thành lập Ban Chỉ đạo và kế hoạch, lộ trình triển khai công tác chuyển đổi;

b) Trưởng Ban Chỉ đạo lựa chọn và ra quyết định thành lập Tổ giúp việc chuyên dôi đơn vị sự nghiệp thành công ty cổ phần trong thời gian 05 ngày làm việc, kể từ ngày có quyết định thành lập Ban Chỉ đạo.

2. Chuẩn bị các hồ sơ, tài liệu.

Ban Chỉ đạo chỉ đạo Tổ giúp việc phối hợp cùng với đơn vị sự nghiệp công lập chuyển đổi chuẩn bị hồ sơ, tài liệu liên quan bao gồm:

- Các Hồ sơ pháp lý về thành lập đơn vị sự nghiệp công lập;

- Các Hồ sơ pháp lý về tài sản, nguồn vốn, công nợ của đơn vị sự nghiệp công lập;

- Báo cáo tài chính, báo cáo quyết toán thuế của đơn vị sự nghiệp công lập chuyển đổi đến thời điểm xác định giá trị đơn vị;

- Lập dự toán chi phí chuyển đổi theo chế độ quy định;

- Phương án sử dụng đất của đơn vị sự nghiệp công lập đang quản lý phù hợp với quy định của pháp luật đất đai, pháp luật về sắp xếp lại, xử lý nhà, đất thuộc sở hữu nhà nước trong từng thời kỳ đã được cơ quan nhà nước có thẩm quyền phê duyệt;

- Lập danh sách và phương án sử dụng lao động đang quản lý;

- Lựa chọn phương pháp, hình thức xác định giá trị đơn vị, lựa chọn thời điểm xác định giá trị đơn vị phù hợp với điều kiện của đơn vị sự nghiệp công lập và các văn bản hướng dẫn có liên quan đến chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần.

3. Ban Chỉ đạo chỉ đạo Tổ giúp việc phối hợp cùng với đơn vị sự nghiệp công lập chuẩn bị hồ sơ, tài liệu liên quan trình cơ quan có thẩm quyền quy định tại Điều 39 Nghị định này phê duyệt dự toán chi phí chuyển đổi, quyết định lựa chọn tư vấn chuyển đổi theo chế độ quy định.

4. Tổ chức kiểm kê, xử lý những vấn đề về tài chính và tổ chức xác định giá trị đơn vị sự nghiệp công lập

Đơn vị sự nghiệp công lập phối hợp với tổ chức tư vấn tiến hành:

a) Kiểm kê, phân loại tài sản và quyết toán tài chính, quyết toán thuế, phối hợp với các cơ quan có liên quan xử lý những vấn đề về tài chính đến thời điểm xác định giá trị đơn vị sự nghiệp công lập chuyển đổi;

b) Tổ chức xác định giá trị đơn vị sự nghiệp công lập chuyển đổi

Ban Chỉ đạo chỉ đạo Tổ giúp việc phối hợp cùng với đơn vị sự nghiệp công lập chuyển đổi và tổ chức tư vấn tổ chức xác định giá trị đơn vị theo quy định. Trường hợp Tổ chức tư vấn có chức năng định giá thì có thể thuê trọn gói về lập phương án chuyển đổi, xác định giá trị đơn vị sự nghiệp công lập chuyển đổi, tổ chức bán cổ phần.

5. Quyết định và công bố giá trị đơn vị sự nghiệp công lập chuyển đổi.

Ban Chỉ đạo thẩm tra kết quả kiểm kê, phân loại tài sản và kết quả xác định giá trị đơn vị sự nghiệp công lập chuyển đổi, báo cáo cơ quan có thẩm quyền quy định tại Điều 39 Nghị định này quyết định công bố giá trị đơn vị sự nghiệp công lập chuyển đổi.

Đối với các đơn vị sự nghiệp công lập thuộc phạm vi thực hiện kiểm toán quy định tại Điều 30 Nghị định này, Ban Chỉ đạo trình cơ quan có thẩm quyền quyết định giá trị đơn vị sự nghiệp công lập quy định tại Điều 39 Nghị định này, gửi văn bản và hồ sơ đề nghị cơ quan kiểm toán nhà nước thực hiện kiểm toán kết quả tư vấn định giá và xử lý các vấn đề tài chính trước khi chính thức công bố giá trị đơn vị sự nghiệp công lập chuyển đổi.

Quyết định công bố giá trị đơn vị sự nghiệp công lập chuyển đổi phải ghi rõ các khoản công nợ bàn giao sang Công ty Mua bán nợ Việt Nam và tài sản bàn giao cho bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh.

6. Hoàn tất Phương án chuyển đổi trình cấp có thẩm quyền phê duyệt.

a) Căn cứ quyết định công bố giá trị đơn vị sự nghiệp công lập và tình hình thực tế của đơn vị sự nghiệp công lập, Ban Chỉ đạo chỉ đạo Tổ giúp việc phối hợp cùng với đơn vị sự nghiệp công lập chuyển đổi, tổ chức tư vấn xây dựng Phương án chuyển đổi đơn vị sự nghiệp công lập. Phương án chuyển đổi phải bao gồm các nội dung cơ bản như:

- Thực trạng của đơn vị sự nghiệp công lập tại thời điểm xác định giá trị đơn vị;

- Kết quả xác định giá trị đơn vị sự nghiệp công lập chuyển đổi và những vấn đề cần tiếp tục xử lý;

- Hình thức chuyển đổi và vốn điều lệ theo yêu cầu hoạt động sản xuất kinh doanh của công ty cổ phần;

- Cơ cấu vốn điều lệ, giá khởi điểm và phương thức phát hành cổ phiếu theo quy định;

- Dự thảo Điều lệ tổ chức và hoạt động của công ty cổ phần theo các quy định của Luật Doanh nghiệp và các văn bản pháp luật hiện hành;

- Phương án sắp xếp lại lao động đã được cơ quan có thẩm quyền phê duyệt;

- Phương án hoạt động sản xuất kinh doanh trong 3-5 năm tiếp theo (bao gồm phương án quản lý, khai thác các tài sản công được giao cho doanh nghiệp quản lý không tính vào thành phần vốn Nhà nước tại doanh nghiệp);

- Phương án sử dụng đất đã được cấp có thẩm quyền phê duyệt.

b) Ban Chỉ đạo chỉ đạo Tổ giúp việc cùng với đơn vị sự nghiệp công lập chuyển đổi phối hợp với tổ chức tư vấn tổ chức công khai Phương án chuyển đổi và gửi tới từng bộ phận trong đơn vị để nghiên cứu trước khi tổ chức Hội nghị người lao động.

Sau Hội nghị người lao động, Tổ giúp việc, đơn vị sự nghiệp công lập chuyển đổi phối hợp với tổ chức tư vấn hoàn thiện Phương án chuyển đổi để trình cơ quan có thẩm quyền quy định tại Điều 39 Nghị định ngày phê duyệt.

c) Ban Chỉ đạo thẩm định phương án chuyển đổi báo cáo cơ quan có thẩm quyền phê duyệt.

- Trường hợp sau khi xác định lại giá trị, đơn vị sự nghiệp công lập chuyển đổi không còn vốn nhà nước hoặc việc xử lý tài chính dẫn tới âm vốn nhà nước thi Ban Chỉ đạo báo cáo cơ quan quyết định chuyển đổi xem xét việc dừng thực hiện chuyển đơn vị sự nghiệp công lập thành công ty cổ phần. Cơ quan quyết định chuyển đổi lựa chọn hình thức sắp xếp khác theo quy định của pháp luật đối với đơn vị sự nghiệp công lập;

- Trường hợp phương án hoạt động sản xuất kinh doanh trong 3-5 năm sau chuyển đổi theo mặt bằng giá trị đơn vị sự nghiệp công lập được xác định lại và theo cơ chế tài chính, chế độ kế toán của doanh nghiệp không khả thi thì Ban Chỉ đạo yêu cầu đơn vị sự nghiệp công lập điều chỉnh phương án chuyển đổi. Trường hợp điều chỉnh phương án chuyển đổi nhưng vẫn không đảm bảo khả năng tiếp tục cung cấp dịch vụ sự nghiệp công của doanh nghiệp chuyển đổi từ đơn vị sự nghiệp công lập thì Ban Chỉ đạo báo cáo cơ quan có thẩm quyền xem xét việc dừng thực hiện chuyển đơn vị sự nghiệp công lập thành công ty cổ phần.

Bước 2. Tổ chức thực hiện phương án chuyển đổi

1. Ban Chỉ đạo chỉ đạo đơn vị sự nghiệp công lập phối hợp với các tổ chức tư vấn trung gian tổ chức bán cổ phần theo phương án chuyển đổi đã được duyệt và quy định tại Nghị định này.

2. Ban Chỉ đạo chỉ đạo đơn vị sự nghiệp công lập bán cổ phần ưu đãi cho người lao động và tổ chức công đoàn tại đơn vị (nếu có) theo phương án đã duyệt.

3. Căn cứ vào kết quả tổng hợp bán cổ phần cho các đối tượng theo quy định trong phương án chuyển đổi, Ban Chỉ đạo chỉ đạo đơn vị sự nghiệp công lập chuyển đổi nộp thu từ chuyển đổi đơn vị sự nghiệp công lập theo quy định.

Trường hợp không bán hết cổ phần cho các đối tượng theo đúng phương án chuyển đổi được duyệt, Ban Chỉ đạo báo cáo cơ quan quyết định phê duyệt phương án cổ phần hóa ra quyết định điều chỉnh quy mô, cơ cấu cổ phần của đơn vị.

4. Ban Chỉ đạo báo cáo bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh quyết định cử người làm đại diện phần vốn tại các công ty cổ phần có vốn nhà nước tiếp tục tham gia trong công ty cổ phần và chịu trách nhiệm thực hiện quyền và nghĩa vụ của đại diện chủ sở hữu phần vốn nhà nước theo quy định của pháp luật.

Bước 3. Hoàn tất việc chuyển đơn vị sự nghiệp công lập thành công ty cổ phần

1. Tổ chức Đại hội đồng cổ đông lần thứ nhất và đăng ký doanh nghiệp.

a) Ban Chỉ đạo chỉ đạo Tổ giúp việc, người đại diện phần vốn nhà nước (nếu có) và doanh nghiệp tổ chức Đại hội đồng cổ đông lần thứ nhất để thông qua Điều lệ tổ chức và hoạt động, phương án sản xuất kinh doanh, bầu Hội đồng quản trị, Ban Kiểm soát và bộ máy điều hành công ty cổ phần;

b) Căn cứ vào kết quả Đại hội đồng cổ đông lần thứ nhất, Hội đồng quản trị công ty cổ phần thực hiện đăng ký doanh nghiệp theo quy định.

2. Tổ chức quyết toán, bàn giao giữa đơn vị sự nghiệp công lập và công ty cổ phần.

a) Trong thời gian 90 ngày kể từ ngày được cấp Giấy chứng nhận đăng ký doanh nghiệp lần đầu, Ban Chỉ đạo chỉ đạo Tổ giúp việc và doanh nghiệp lập báo cáo tài chính tại thời điểm công ty cổ phần được cấp giấy chứng nhận đăng ký kinh doanh lần đầu, thực hiện quyết toán thuế, kiểm toán báo cáo tài chính, quyết toán chi phí cổ phần hóa, báo cáo bộ, cơ quan ngang bộ, cơ quan thuộc Chính phủ, UBND cấp tỉnh, Đại học Quốc gia Hà Nội, Đại học Quốc gia thành phố Hồ Chí Minh;

b) Căn cứ kết quả xác định lại giá trị phần vốn nhà nước tại thời điểm đăng ký doanh nghiệp của cơ quan đại diện chủ sở hữu, Ban Chỉ đạo chỉ đạo Tổ giúp việc và doanh nghiệp tổ chức bàn giao giữa đơn vị sự nghiệp công lập chuyển đổi và công ty cổ phần;

c) Tổ chức ra mắt công ty cổ phần và thực hiện bố cáo trên phương tiện thông tin đại chúng theo quy định.

Trong quá trình thực hiện, cơ quan quyết định chuyển đổi đơn vị sự nghiệp công lập, Ban Chỉ đạo, Tổ giúp việc và đơn vị sự nghiệp công lập có thể tiến hành đồng thời nhiều bước để đẩy nhanh tiến độ chuyển đổi đơn vị sự nghiệp công lập thành công ty cổ phần./.