Decision No. 157/2005/QD-TTg approves the adjustment of the restructuring and renewal plan for state-owned enterprises under the People's Committee of Thai Binh Province. The enterprises will be restructured through shareholding, merger, or public auction.
Scope of application
State-owned enterprises under the People's Committee of Thai Binh Province
Key points
- The Thai Binh Import-Export Company and the Thai Binh General Trade Company will implement phased shareholding, with the state holding a low percentage of shares or no shares at all.
- The Hung Ha, Thai Thuy, Dong Hung, and Quynh Phu Water Resources Management and Exploitation Companies will merge into the Northern Thai Binh Water Resources Management and Exploitation Company; the Vu Thu, Tien Hai, Kien Xuong Companies, and the Urban Technical Services Agricultural Company will merge into the Southern Thai Binh Water Resources Management and Exploitation Company.
- The Thai Binh Tourism Hotel Company will be sold through public auction.
- The Coi Tien Hai Farm will be restructured according to Government Decree No. 170/2004/ND-CP on the Restructuring, Renewal, and Development of State Farms.
- The Chairman of the People's Committee of Thai Binh Province is responsible for directing the completion of the restructuring and renewal of state-owned enterprises according to Prime Minister's Decision No. 271/QD-TTg.
🌐 Social impact of this document
- The enterprises to be restructured will reform their structures and improve their operational efficiency.
- Enterprises that do not undergo shareholding may convert to other forms, reducing risks for the state.
❓ Frequently asked questions
Which companies will be subject to shareholding?
The Thai Binh Import-Export Company and the Thai Binh General Trade Company will undergo phased shareholding, with the state holding a low percentage of shares or no shares at all.
Which water resources management and exploitation companies will merge into which company?
The Hung Ha, Thai Thuy, Dong Hung, and Quynh Phu Water Resources Management and Exploitation Companies will merge into the Northern Thai Binh Water Resources Management and Exploitation Company; the Vu Thu, Tien Hai, Kien Xuong Companies, and the Urban Technical Services Agricultural Company will merge into the Southern Thai Binh Water Resources Management and Exploitation Company.
What will happen to the Thai Binh Tourism Hotel Company?
The Thai Binh Tourism Hotel Company will be sold through public auction.
According to which regulation will the Coi Tien Hai Farm be restructured?
The Coi Tien Hai Farm will be restructured according to Government Decree No. 170/2004/ND-CP on the Restructuring, Renewal, and Development of State Farms.
What is the implementation period for this Decision?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Full text
Pursuant to …;
Regarding the approval of the adjustment of the plan for restructuring and modernizing state-owned enterprises under the People's Committee of Dak Lak Province
state-owned enterprises under the People's Committee of Thai Binh Province
_______________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Decision No. 155/2004/QĐ-TTg dated August 24, 2004 of the Prime Minister on issuing criteria and classification lists for state-owned companies and independent accounting subsidiaries under state-owned corporations;
Considering the proposal of the People's Committee of Thai Binh Province,
DECISION:
Article 1. Approves the adjustment of the restructuring plan for some state-owned enterprises under the People's Committee of Thai Binh Province in 2005 as follows:
1. Enterprises implementing gradual shareholding reform, with the State holding a low percentage of shares or no shares at all:
- Thai Binh Import-Export Company;
- Thai Binh General Trade Company.
2. Enterprises implementing mergers:
- The water conservancy management and exploitation companies of Hung Ha, Thai Thuy, Dong Hung, and Quynh Phu will be merged into the North Thai Binh Water Conservancy Management and Exploitation Company.
- The water conservancy management and exploitation companies of Vu Thu, Tien Hai, Kien Xuan, and the Urban Technical Services Company will be merged into the South Thai Binh Water Conservancy Management and Exploitation Company.
3. Enterprises implementing auction sales: Thai Binh Tourism Hotel Company.
4. Implementing restructuring according to Decree No. 170/2004/NĐ-CP dated September 22, 2004 of the Government on restructuring, renovating, and developing state-owned farms: Coi Tien Hai Farm.
Article 2. The Chairman of the People's Committee of Thai Binh Province shall be responsible for directing the completion of the restructuring and renovation of state-owned enterprises according to Decision No. 271/QĐ-TTg dated March 12, 2003 of the Prime Minister and this Decision. For enterprises that cannot implement shareholding reform, they shall proactively switch to other appropriate restructuring methods.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the People's Committee of Thai Binh Province and the heads of relevant agencies are responsible for enforcing this Decision./.
DEPUTY PRIME MINISTER
DEPUTY PRIME MINISTER
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