Decision No. 2065/QD-TTg approves the plan for restructuring and modernizing state-owned enterprises with 100% state capital under the People's Committee of Hanoi City until the end of 2010. The Decision stipulates specific measures such as directing mergers, shareholding reform, and transforming the business models of some enterprises.
Scope of application
Chairman of the People's Committee of Hanoi City; Ministry of Finance, Planning and Investment, Home Affairs, Labor - Invalids and Social Affairs; Steering Committee for Enterprise Modernization and Development.
Key points
- The Chairman of the People's Committee of Hanoi City is directed to implement the restructuring and modernization of enterprises according to the approved content and schedule.
- Based on the criteria set forth in Decision No. 38/2007/QD-TTg to determine the proportion of state shares held at enterprises undergoing shareholding reform.
- Transform four enterprises into a holding company model according to Decree No. 111/2007/NĐ-CP.
- Report specifically on the merger and consolidation plans for enterprises.
- Develop a proposal to establish the Hanoi Financial Investment Corporation.
🌐 Social impact of this document
- Positive impact: Enhance management efficiency and improve the competitiveness of state-owned enterprises.
- Negative impact: May cause instability during the transformation of business models and shareholding reform.
❓ Frequently asked questions
What should the Chairman of the People's Committee of Hanoi City do?
Direct the implementation of enterprise restructuring and modernization according to the approved content and schedule; base on criteria to determine the proportion of state shares held at enterprises undergoing shareholding reform; transform four enterprises into a holding company model; report specifically on the merger and consolidation plans for enterprises; develop a proposal to establish the Hanoi Financial Investment Corporation.
Which Ministries need to coordinate with the People's Committee of Hanoi City?
Ministry of Finance, Planning and Investment, Home Affairs, Labor - Invalids and Social Affairs.
When does this Decision take effect?
This Decision takes effect from the date of issuance.
How many enterprises need to change their business models according to this Decision?
Four enterprises.
What specific reports must the Chairman of the People's Committee of Hanoi City provide regarding the merger and consolidation plans for enterprises?
Report specifically on the merger and consolidation plans for enterprises in the memorandum No. 44/TTr-UBND dated September 29, 2009, for the Prime Minister's consideration and decision.
Full text
Article 1. Approves the plan for restructuring and modernizing state-owned enterprises with 100% state capital under the People's Committee of Hanoi City until the end of 2010 (Annex attached).
Article 2.
1. The Chairman of the People's Committee of Hanoi City shall be responsible for:
a) Directing the implementation of the restructuring and modernization of state-owned enterprises with 100% state capital under its jurisdiction in accordance with the approved content and schedule;
b) Deciding the proportion of shares held by the State at state-owned enterprises with 100% state capital undergoing shareholding reform based on the criteria and classification list for state-owned enterprises with 100% state capital stipulated in Decision No. 38/2007/QĐ-TTg dated March 20, 2007 of the Prime Minister;
c) Deciding to convert four enterprises specified in Article 1 of this Decision to operate under the corporate group model according to current regulations based on Decree No. 111/2007/NĐ-CP dated June 26, 2007 on the organization and management of state-owned holding companies and the transformation of state-owned holding companies, independent state-owned companies, and state-owned parent companies into corporate groups operating under the Enterprise Law;
d) Reporting specific plans for the merger and consolidation of enterprises as detailed in Report No. 44/TTr-UBND dated September 29, 2009 for the Prime Minister to consider and decide;
đ) Preparing a proposal to establish the Hanoi Financial Investment Corporation and reporting it to the Prime Minister in the first quarter of 2010;
e) Directing the Hanoi Urban Infrastructure Investment and Development Corporation to cooperate with the Company for Purchasing Debts and Idle Assets of Reorganized Enterprises to restructure the Hanoi Industrial Production and Construction Corporation to become a joint-stock company in 2010.
2. The Ministries of Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, and related agencies shall be responsible for coordinating with the People's Committee of Hanoi City in implementing this Decision.
3. The Steering Committee for Enterprise Modernization and Development shall be responsible for directing, urging, guiding, and monitoring the implementation.
Article 3. This Decision takes effect from the date of issuance.
The Chairman of the People's Committee of Hanoi City and heads of related agencies shall be responsible for enforcing this Decision.
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