Decision No. 151/1999/QĐ-TTg converts the Repair and Transportation Gasoline Enterprise under the Vitaco Petroleum Transport Company into a Joint Stock Company.

Decision No. 151/1999/QĐ-TTg converts the Repair and Transportation Gasoline Enterprise under the Vitaco Petroleum Transport Company into a Joint Stock Company. This decision stipulates the charter capital, shareholding ratio, employee benefits, name, business sectors of the new company, and responsibilities for implementation.

Số hiệu151/1999/QĐ-TTg
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Industry and Trade
Người kýNgô Xuân Lộc — Phó Thủ tướng
Cập nhật01/07/2026
NgànhLabour, War Invalids and Social Affairs
Lĩnh vựcUncategorized
Ngày ban hành09/07/1999
Ngày áp dụng09/07/1999
Ngày hết hiệu lực
Tình trạngIn effect
✦ Tóm lược thông minh

Decision No. 151/1999/QĐ-TTg converts the Repair and Transportation Gasoline Enterprise under the Vitaco Petroleum Transport Company into a Joint Stock Company. This decision stipulates the charter capital, shareholding ratio, employee benefits, name, business sectors of the new company, and responsibilities for implementation.

Các điểm cốt lõi

  • The Repair and Transportation Gasoline Enterprise under the Vitaco Petroleum Transport Company is converted into a Joint Stock Company.
  • Charter Capital: 13,500,000,000 VND, of which the state holds 30%, employees within the company hold 45%, and external entities hold 25%.
  • Employee benefits: 56,540 shares with a preferential value of 1,696,200,000 VND, including 7,390 shares sold to poor employees at a preferential value of 517,300,000 VND.
  • Full name of the Company: Petrolimex Waterway Petroleum Transport Joint Stock Company; Abbreviation: Waterway Petroleum Transport Joint Stock Company; International Trade Name: Petrolimex Joint Stock Tanker Company; Main Office Address: 12 Le Duan Street, District 1, Ho Chi Minh City.
  • The Company operates in business sectors such as waterway petroleum transport, repair and upgrade services for waterway transport equipment, ship cleaning services, and trading in materials and equipment serving these industries.

🌐 Tác động xã hội từ văn bản này

  • Positive impact: It creates opportunities for company employees to participate in share ownership, enhancing the autonomy and management efficiency of the new enterprise.
  • Negative impact: It may cause personnel instability and production and business operations disruptions during the transition period.

❓ Câu hỏi thường gặp

What is the charter capital of the Petrolimex Waterway Petroleum Transport Joint Stock Company?

The charter capital of the Company is 13,500,000,000 VND.

What are the ratios of state shares, employee shares within the company, and external entity shares?

The state holds 30%, employees within the company hold 45%, and external entities hold 25%.

What are the employee benefits in the company?

Employees are given preferential rights to purchase 56,540 shares with a preferential value of 1,696,200,000 VND, including 7,390 shares sold to poor employees at a preferential value of 517,300,000 VND.

What are the full name and abbreviation of the Petrolimex Waterway Petroleum Transport Joint Stock Company?

The full name of the company is Petrolimex Waterway Petroleum Transport Joint Stock Company, and its abbreviation is Waterway Petroleum Transport Joint Stock Company.

In which business sectors does the company operate?

The company operates in business sectors such as waterway petroleum transport, repair and upgrade services for waterway transport equipment, ship cleaning services, and trading in materials and equipment serving these industries.

Toàn văn

THE PRIME MINISTER
******

SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
*********

Number: 151/1999/QĐ-TTg

Hanoi, July 9, 1999

DECISION OF THE PRIME MINISTER

Transfer the Repair and Transportation Enterprise under the Vitaco Oil Transport Company to become a Joint Stock Company

 on June 29, 1998;

PRIME MINISTER

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

Pursuant to Decree No.44/1998/NĐ-CPApproves the plan for the conversion of the state-owned enterprise, the Repair and Transportation Enterprise under the Vitaco Oil Transport Company - Vietnam Oil General Corporation, as follows:

At the proposal of the Minister of Trade,

DECISION:

Article 1.1.Regulated Capital: 13,500,000,000 VND

State shareholding ratio: 30% of the regulated capital.

Where:

Shareholding ratio sold to employees within the company: 45% of the regulated capital.

Shareholding ratio sold to entities outside the company: 25% of the regulated capital.

2.Preference for employees in the enterprise:

Total number of shares sold preferentially to employees in the enterprise: 56,540 shares, with a preferential value of 1,696,200,000 VND.

Total number of shares sold at a preferential price to poor employees in the enterprise to be paid gradually: 7,390 shares, with a sale value of 517,300,000 VND.

3.Assign the Minister of Trade to approve the use of proceeds from the sale of shares of the Repair and Transportation Enterprise under the Vitaco Oil Transport Company according to the provisions of Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government and Circular guiding No. 104/1998/TT-BTC dated July 18, 1998 of the Ministry of Finance.

Transfer the state-owned enterprise: The Repair and Transportation Enterprise under the Vitaco Oil Transport Company to become a Joint Stock Company.

Article 2.Full name of the Company: Petrolimex Waterway Oil Transport Joint Stock Company.

Abbreviation: Waterway Oil Transport Joint Stock Company.

International trade name: Petrolimex joint stock tanker company.

Head office: 12 Le Duan Street, District 1, Ho Chi Minh City.

The Petrolimex Waterway Oil Transport Joint Stock Company operates the following main businesses:

Article 3. Waterway oil transport business.

Services for repairing, upgrading waterway transport means, cleaning ships.

Business of materials and equipment serving the industry.

The Petrolimex Waterway Oil Transport Joint Stock Company:

Article 4.Has legal personality under Vietnamese law from the date of issuance of the business registration certificate, implements independent economic accounting, has its own seal, and is allowed to open an account at the Bank in accordance with the law. Operates according to the Articles of Association of the Joint Stock Company and the Law on Enterprises.

The Director and Chief Accountant of the Repair and Transportation Enterprise under the Vitaco Oil Transport Company are responsible for managing the business until the handover to the Board of Directors and General Director of the Petrolimex Waterway Oil Transport Joint Stock Company.

This Decision takes effect from the date of signature. Abolishes previous Decisions that conflict with this Decision. The Minister of Trade, the Board of Directors of the Vietnam Oil General Corporation, the Director of the Repair and Transportation Enterprise under the Vitaco Oil Transport Company, the Board of Directors of the Petrolimex Waterway Oil Transport Joint Stock Company, heads of related units are responsible for implementing this Decision./.

Article 5.This Decision takes effect from the date of signing. Decisions contrary to this Decision are abolished. The Minister of Trade, the Board of Directors of Vietnam Oil and Gas Corporation, the Director of the Repair and Transportation Enterprise under Vitaco Oil Transport Company, the Board of Directors of Petrolimex Waterway Transport Joint Stock Company, and the heads of related units are responsible for implementing this Decision./.

DEPUTY PRIME MINISTER
DEPUTY PRIME MINISTER

(Signed)



Ngo Xuan Loc

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151/1999/QĐ-TTg
Decision No. 151/1999/QĐ-TTg converts the Repair and Transportation Gasoline Enterprise under the Vitaco Petroleum Transport Company into a Joint Stock Company.
In effect

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