This Decision approves the plan for reorganizing and modernizing state-owned enterprises with 100% state capital under the People's Committee of Ba Ria - Vung Tau Province for the period 2007-2010. Companies will be transformed into Limited Liability Companies with One Member or undergo shareholding reform annually.
Scope of application
The People's Committee of Ba Ria - Vung Tau Province and state-owned enterprises directly under its jurisdiction.
Key points
- The Lottery Construction Company and Urban Drainage Company will be transformed into Limited Liability Companies with One Member in 2009.
- In 2007: Implement shareholding reform for the Urban Development and Construction Company, International Tourism Company, Trade and Service Company, and Water Supply Company.
- In 2008: Implement shareholding reform for Marine Transport Services Company, Traffic Works Company, Greenery Forest Park Company, Tan Thanh District Urban Works Company, and Xuyen Moc District Urban Works Company.
- In 2009: Implement shareholding reform for Bac Lieu City Urban Works Company, Vung Tau City Urban Works Company, Long Dien District Urban Works Company, and Chau Duc District Urban Works Company.
- The Chairman of the People's Committee of Ba Ria - Vung Tau Province is responsible for directing the implementation of enterprise restructuring and modernization according to the approved content and schedule.
🌐 Social impact of this document
- Positive impact: Improving management efficiency and enhancing the competitiveness of state-owned enterprises.
- Negative impact: May cause instability during the transition process, affecting employees' work.
❓ Frequently asked questions
Which companies will be transformed into Limited Liability Companies with One Member?
The Lottery Construction Company and Urban Drainage Company will be transformed into Limited Liability Companies with One Member in 2009.
In which year will the companies undergo shareholding reform?
The companies will undergo shareholding reform as follows: In 2007 - Urban Development and Construction Company, International Tourism Company, Trade and Service Company, and Water Supply Company; in 2008 - Marine Transport Services Company, Traffic Works Company, Greenery Forest Park Company, Tan Thanh District Urban Works Company, and Xuyen Moc District Urban Works Company; in 2009 - Bac Lieu City Urban Works Company, Vung Tau City Urban Works Company, Long Dien District Urban Works Company, and Chau Duc District Urban Works Company.
Which company will be piloted for shareholding reform?
The Forestry Limited Liability Company with One Member will be piloted for shareholding reform, then report to the Ministry of Agriculture and Rural Development for review, and submit to the Prime Minister for approval.
What responsibility does the Chairman of the People's Committee of Ba Ria - Vung Tau Province have?
The Chairman of the People's Committee of Ba Ria - Vung Tau Province is responsible for directing the implementation of the reorganization and modernization of state-owned enterprises with 100% state capital directly under its jurisdiction according to the approved content and schedule.
Which Ministries are responsible for coordinating with the People's Committee of Ba Ria - Vung Tau Province?
The Ministries of Finance, Planning and Investment, Home Affairs, Labor - Invalids and Social Affairs, and related agencies are responsible for coordinating with the People's Committee of Ba Ria - Vung Tau Province in implementing this Decision.
Full text
Pursuant to …;
Approving the plan for restructuring and modernizing state-owned enterprises with 100% state capital under the People's Committee of Ba Ria-Vung Tau Province for the period 2007-2010
________________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on State-Owned Enterprises dated November 26, 2003;
Pursuant to Decision No. 38/2007/QD-TTg dated March 20, 2007 of the Prime Minister on issuing criteria and classification lists for state-owned enterprises with 100% state capital;
Considering the proposal of the People's Committee of Ba Ria-Vung Tau Province,
DECISION:
Article 1. Approves the Plan for Restructuring and Modernizing State-Owned Enterprises with 100% State Capital under the People's Committee of Ba Ria-Vung Tau Province for the period 2007-2010 as follows:
1. Convert into Limited Liability Companies with One Member (in 2009):
- Lottery Construction Company;
- Urban Drainage Company.
2. Implement shareholding reform:
a) In 2007:
- Urban Development and Construction Company;
- International Tourism Company;
- Trade and Service Company;
- Water Supply Limited Liability Company with One Member.
b) In 2008:
- Marine Transport Services Company;
- Transportation Infrastructure Company;
- Greenery Company;
- Tan Thanh District Urban Infrastructure Company;
- Xuyen Moc District Urban Infrastructure Company.
c) In 2009:
- Ba Ria City Urban Infrastructure Company;
- Vung Tau City Urban Infrastructure Company;
- Long Dien District Urban Infrastructure Company;
- Chau Duc District Urban Infrastructure Company.
Article 2
1. The Chairman of the People's Committee of Ba Ria-Vung Tau Province shall be responsible for:
a) Directing the implementation of the restructuring and modernization of state-owned enterprises directly under its jurisdiction in accordance with the approved content and schedule;
b) Deciding the proportion of shares held by the State when implementing shareholding reforms of the companies listed in Article 1 of this Decision based on the criteria and classification list for state-owned enterprises with 100% state capital issued together with Decision No. 38/2007/QD-TTg dated March 20, 2007 of the Prime Minister;
c) Developing a pilot shareholding reform plan for the Forestry Limited Liability Company with One Member, reporting it to the Ministry of Agriculture and Rural Development for review, and submitting it to the Prime Minister for approval.
2. The Ministries of Finance, Planning and Investment, Home Affairs, Labor, Invalids and Social Affairs, and related agencies shall be responsible for coordinating with the People's Committee of Ba Ria-Vung Tau Province in the implementation of this Decision.
3. The Steering Committee for Enterprise Reform and Development shall be responsible for directing, urging, guiding, and monitoring the implementation.
Article 3. This Decision takes effect from the date of issuance.
VICE-PRESIDENT OF THE GOVERNMENT
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