Decision No. 173/2006/QĐ-TTg approves the Plan for restructuring and modernizing state-owned enterprises under the People's Committee of Cao Bang Province for the period 2006-2007. The Decision applies to enterprises under Cao Bang Province and specifies the forms of restructuring for each enterprise.
Scope of application
State-owned enterprises under the People's Committee of Cao Bang Province
Key points
- The Cao Bằng Irrigation Company and the Cao Bằng Lottery Enterprise will be converted into a limited liability company with one member.
- The Baolac Commerce Company and the Viet Lap Printing Enterprise will be corporatized, with the State holding more than 50% of the charter capital.
- The Cao Bằng Hydroelectric - Metallurgy Company and the Cao Bằng Chodang Limited Liability Company will be corporatized, with the State holding a low percentage of shares or not holding any shares at all.
- The Chairman of the People's Committee of Cao Bang Province shall be responsible for directing the implementation of the restructuring and modernization of state-owned enterprises under the People's Committee of Cao Bang Province in accordance with the approved content.
- The Ministries of Finance, Planning and Investment, Home Affairs, Labor - Invalids and Social Affairs and related agencies shall have the responsibility to coordinate with the People's Committee of Cao Bang Province in implementing this Decision.
🌐 Social impact of this document
- Positive impact: Enhancing the operational efficiency of state-owned enterprises, improving competitiveness, and sustainable development.
- Negative impact: May cause instability during the transition process, affecting the interests of some business partners and employees of the restructured companies.
❓ Frequently asked questions
What form will the Cao Bằng Irrigation Company be converted into?
The Cao Bằng Irrigation Company will be converted into a limited liability company with one member (Article 1).
What percentage of the charter capital will the State hold in corporatized enterprises?
In the case of the Baolac Commerce Company and the Viet Lap Printing Enterprise, the State will hold more than 50% of the charter capital (Article 1).
Who is responsible for directing the implementation of the restructuring and modernization of state-owned enterprises?
The Chairman of the People's Committee of Cao Bang Province shall be responsible for directing the implementation of the restructuring and modernization of state-owned enterprises under the People's Committee of Cao Bang Province in accordance with the approved content (Article 2).
When does this Decision take effect?
This Decision takes effect fifteen days after its publication in the Official Gazette (Article 4).
Do the Ministries and related agencies need to coordinate with the People's Committee of Cao Bang Province in implementing this Decision?
The Ministries of Finance, Planning and Investment, Home Affairs, Labor - Invalids and Social Affairs and related agencies shall have the responsibility to coordinate with the People's Committee of Cao Bang Province in implementing this Decision (Article 3).
Full text
Pursuant to …;
Regarding the approval of the Plan for the reorganization and renovation of state-owned enterprises directly under the People's Committee of Cao Bang Province for the period 2006-2007
of the People's Committee of Cao Bang Province for the period 2006-2007
___________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Enterprise Law dated November 29, 2005;
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 enterprises and independent accounting subsidiaries of state-owned corporations.
Considering the proposal of the People's Committee of Cao Bang Province,
Pursuant to …;
Article 1. Approves the Plan for the reorganization and renovation of state-owned enterprises directly under the People's Committee of Cao Bang Province for the period 2006-2007 as follows:
1. Convert into limited liability companies with one member (2 enterprises):
- Cao Bằng Irrigation Company,
- Cao Bằng Lottery Company.
2. Privatize, with the State holding more than 50% of the charter capital (2 enterprises):
- Baolac Commerce Company,
- Viet Lap Printing Enterprise.
3. Privatize, with the State holding a low level of shares or not holding shares at all (2 enterprises):
- Cao Bằng Hydroelectric and Metallurgy Company,
- Cao Bằng Chodang Limited Liability Company with one member.
Article 2. The Chairman of the People's Committee of Cao Bang Province shall be responsible for directing the implementation of the reorganization and renovation of state-owned enterprises directly under the People's Committee of Cao Bang Province according to the approved content and coordinating with political and socio-political organizations of the province to reorganize their enterprises in accordance with current regulations.
Article 3. 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 Cao Bang Province in implementing this Decision.
The Steering Committee for Enterprise Renovation and Development shall be responsible for urging, guiding, and monitoring the implementation, and simultaneously proposing to the Prime Minister solutions to resolve difficulties during the implementation process.
Article 4. This Decision takes effect 15 days after its publication in the Official Gazette.
The Chairman of the People's Committee of Cao Bang Province and the heads of related agencies are responsible for enforcing this Decision./.
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