This Decision adjusts the plan for reorganizing and modernizing state-owned enterprises under the Vietnam National Shipping Company in 2005-2006. Specifically, eight units will be listed on the stock market, and five other units will have their models transformed.
Các điểm cốt lõi
- The Board of Directors of the Vietnam National Shipping Company is directed to implement the reorganization and modernization of state-owned enterprises according to the contents and schedule set forth in this Decision.
- In 2005, six units will be listed on the stock market: Southern Labor Cooperation Company, Marine Transport III Company, Vietnam Oil and Gas Transport Company, Dong Do Transport Company (after separating Khuyen Luong Port), Vietnam Maritime Agency, and Marine Industry Service Company.
- In 2006, two units will be listed on the stock market: Northern Marine Transport Company and Saigon Port Trade and Service Company.
- In 2005, four units will have their models transformed: Vietnam Marine Transport and Chartering Company, Hai Phong Port, Saigon Port, and Da Nang Port.
- In 2006, one unit will have its model transformed: Quang Ninh Port.
🌐 Tác động xã hội từ văn bản này
- Positive impacts include improved management efficiency and enhanced competitiveness among state-owned enterprises through listing on the stock market and model transformation.
- Negative impacts may include costs associated with the listing process and model transformation, as well as effects on the interests of current shareholders.
❓ Câu hỏi thường gặp
Which companies will be listed on the stock market in 2005?
In 2005, six units will be listed on the stock market: Southern Labor Cooperation Company, Marine Transport III Company, Vietnam Oil and Gas Transport Company, Dong Do Transport Company (after separating Khuyen Luong Port), Vietnam Maritime Agency, and Marine Industry Service Company.
Which company will have its model transformed in 2006?
In 2006, Quang Ninh Port will have its model transformed. Four units were already transformed in 2005.
What is the implementation period for this Decision?
This Decision takes effect fifteen days after its publication in the Official Gazette.
What must the Board of Directors of the Vietnam National Shipping Company do according to this Decision?
The Board of Directors of the Vietnam National Shipping Company is directed to implement the reorganization and modernization of state-owned enterprises according to the contents and schedule set forth in this Decision. They must also develop a proposal to apply the holding company-subcompany model for the Vietnam National Shipping Company, to be submitted to the Prime Minister for approval in the third quarter of 2005.
How many units will be listed on the stock market?
Out of a total of thirteen units, eight will be listed on the stock market: six in 2005 and two in 2006.
Toàn văn
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 180/2005/QĐ-TTg |
Hanoi, July 18, 2005 |
DECISION
Regarding the adjustment of the plan for restructuring and modernizing state-owned enterprises under the Vietnam Maritime Corporation in 2005-2006
under the Vietnam Maritime Corporation in 2005-2006
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 enterprises and independent accounting subsidiaries under state-owned corporations;
Considering the proposal of the Board of Directors of the Vietnam Maritime Corporation,
DECISION:
Article 1. Adjusts the plan for restructuring and modernizing state-owned enterprises under the Vietnam Maritime Corporation in 2005-2006 as set out in the Appendix attached hereto.
Article 2. The Board of Directors of the Vietnam Maritime Corporation shall be responsible for:
1. Directing the implementation of the restructuring and modernization of state-owned enterprises under its jurisdiction in accordance with the contents and schedule stipulated in this Decision.
2. Drafting a proposal to apply the holding company-subcompany model for the Vietnam Maritime Corporation, to be submitted to the Prime Minister for approval in the third quarter of 2005.
Article 3. The Ministries of Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs; the Steering Committee for Enterprise Modernization and Development, and related agencies shall be responsible for coordinating with the Vietnam Maritime Corporation in implementing the above plan.
Article 4. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the Board of Directors of the Vietnam Maritime Corporation and the heads of related agencies shall be responsible for enforcing this Decision./.
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DEPUTY PRIME MINISTER Deputy Prime Minister (Signed) Nguyen Tan Dung |
ANNEX
LIST OF STATE-OWNED ENTERPRISES UNDER THE VIETNAM MARITIME CORPORATION ADJUSTING THE RESTRUCTURING AND MODERNIZATION PLAN IN 2005-2006
(Annexed to Decision No. 180/2005/QĐ-TTg dated July 18, 2005 of the Prime Minister)
I. CORPORATIZATION OF STATE-OWNED ENTERPRISES: 8 UNITS
1. To be implemented in 2005: 6 units
a) State retains controlling shares:
- Southern Foreign Labor Cooperation Company,
- Marine Transport III Company,
- Vietnam Oil and Gas Transport Company,
- Dong Do Shipping Company (after separating Khuyen Luong Port to become a subsidiary unit of the Vietnam Maritime Corporation),
- Vietnam Marine Agency.
b) State retains minority shares or does not hold shares:
Marine Industry Service Company.
2. To be implemented in 2006: 2 units
a) State retains controlling shares:
Northern Marine Transport Company.
b) State retains minority shares:
Saigon Port Trade and Service Company.
II. TRANSFORMATION INTO A SINGLE-MEMBER JOINT STOCK COMPANY: 5 UNITS
1. In 2005: 4 units
- Vietnam Marine Transport and Chartering Company,
- Hai Phong Port,
- Saigon Port,
- Da Nang Port.
2. In 2006: 1 unit
Quang Ninh Port.
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