Decision No. 19 TC/QD/TVQT of 1995 of the Ministry of Finance permits the National Reinsurance Corporation of Vietnam (VINARE) to construct office premises with a total expected investment capital of 15 billion VND through a joint venture with Construction Company 789 of the Ministry of National Defense.
Scope of application
The National Reinsurance Corporation of Vietnam (VINARE), Construction Company 789 of the Ministry of National Defense
Key points
- The National Reinsurance Corporation of Vietnam is permitted to construct office premises through a joint venture with Construction Company 789 of the Ministry of National Defense.
- The total expected investment capital is 15 billion VND, of which 7 billion VND comes from VINARE's registered capital and 8 billion VND from bank loans and legally raised funds from economic organizations.
- The joint venture project must ensure compliance with laws regarding the ownership rights of assets of the participating parties.
- The joint venture project must be submitted to the Minister of Finance for approval before implementation.
- This decision takes effect from the date of signing.
🌐 Social impact of this document
- The National Reinsurance Corporation of Vietnam will have more modern working facilities, enhancing its operational capacity.
- The joint venture with Construction Company 789 of the Ministry of National Defense facilitates cooperation between economic organizations and the military.
- All parties involved in the project must strictly comply with legal regulations concerning the ownership rights of assets in joint ventures.
❓ Frequently asked questions
VINARE is permitted to construct office premises with a total investment capital of how much?
The total expected investment capital is 15 billion VND, of which 7 billion VND comes from VINARE's registered capital and 8 billion VND from bank loans and legally raised funds from economic organizations.
What must the joint venture project between VINARE and Construction Company 789 of the Ministry of National Defense ensure?
It must ensure compliance with laws regarding the ownership rights of assets of the participating parties.
When can the joint venture project be implemented?
The project must be submitted to the Minister of Finance for approval before implementation.
Full text
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MINISTRY OF FINANCE Number: 19 TC/QĐ/TVQT |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------ |
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Hanoi, January 6, 1995 |
Pursuant to …;
REGARDING THE ASSIGNMENT OF TASKS FOR INVESTMENT AND CONSTRUCTION OF THE HEADQUARTERS OF VIETNAM NATIONAL REINSURANCE CORPORATION
OF THE NATIONAL REINSURANCE CORPORATION OF VIETNAM
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
Pursuant to Decree No. 177/CP dated October 20, 1994 of the Government promulgating the regulations on construction management;
BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
At the proposal of the Director of the Financial Management Department, and the General Director of Vietnam National Reinsurance Corporation (VINARE),
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Pursuant to …; |
Article 1: Permit Vietnam National Reinsurance Corporation (VINARE) to construct its headquarters through a joint venture with Construction Company 789 of the Ministry of Defense.
Article 2: The total investment capital for constructing the headquarters of Vietnam National Reinsurance Corporation is estimated at: 15,000,000,000 VND (fifteen billion VND).
Where:
- From VINARE's charter capital: 7,000,000,000 VND.
- Borrowed capital from banks and legally raised capital from economic organizations: 8,000,000,000 VND.
Article 3:The joint venture project between Vietnam National Reinsurance Corporation and Construction Company 789 of the Ministry of Defense must comply with the laws, clearly define the ownership rights of the assets of the participating parties, and be submitted to the Minister of Finance for approval before implementation.
Article 4: This Decision takes effect from the date of signing. The Director of the Financial Management Department, the Head of the Ministry’s Office, and the General Director of Vietnam National Reinsurance Corporation are responsible for implementing this Decision.
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Place of Receipt - VINARE. - Ministry Office. - To be filed: VP, TVQT. |
DEPUTY MINISTER OF FINANCE DEPUTY MINISTER
VŨ MỘNG GIAO
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