Decision No. 219/2003/QĐ-TTg On approving the overall restructuring and modernization plan for state-owned enterprises under Vietnam Electricity Corporation until 2005

DECISION

Regarding the approval of the overall restructuring and modernization plan for state-owned enterprises under the Vietnam Electricity Corporation until 2005 state-owned enterprises under the Vietnam Electricity Corporation by 2005

_______________________

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law on April 20, 1995;

Based on Directive No. 01/2003/CT-TTg dated January 16, 2003 of the Government Chairman on continuing to promote the restructuring, modernization, development, and improvement of efficiency of state-owned enterprises;

Considering the proposal of the Board of Directors of the Vietnam Electricity Corporation, opinions from the Ministries of Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, Industry, and the Central Economic Commission,

DECISION:

Article 1. Approves the overall restructuring and modernization plan for state-owned enterprises directly under the Vietnam Electricity Corporation until 2005 as set forth in the attached Appendix.

Article 2. The Board of Directors of the Vietnam Electricity Corporation shall be responsible for directing the implementation of the restructuring and modernization of state-owned enterprises directly under the Corporation according to the approved content and schedule. Any adjustments or supplements must be approved by the Prime Minister.

Article 3. The Ministries of Industry, Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, and related localities shall be responsible for coordinating with the Vietnam Electricity Corporation in implementing the aforementioned plan.

The Steering Committee for Enterprise Modernization and Development shall be responsible for supervising, guiding, and monitoring the implementation of this plan, and at the same time recommending solutions to the Prime Minister to address difficulties during the implementation process.

Article 4. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Ministers of the Ministries of Industry, Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, the Governor of the State Bank of Vietnam, the Board of Directors and General Director of the Vietnam Electricity Corporation, and the Heads of related agencies shall be responsible for enforcing this Decision.

 

ANNEX

LIST OF STATE-OWNED ENTERPRISES

DIRECTLY UNDER THE VIETNAM ELECTRICITY CORPORATION

TO BE RESTRUCTURED AND MODERNIZED BY 2005

(Annexed to Decision No. 219/2003/QĐ-TTg dated October 28, 2003 of the Prime Minister)

(as of October 28, 2003, by the Prime Minister)

 

A. Enterprises and units retaining 100% of charter capital and maintaining their legal status: 34

I. Independent accounting enterprises: 12

1. Power Company 1,

2. Power Company 2,

3. Power Company 3,

4. Hanoi Power Company,

5. Ho Chi Minh City Power Company,

6. Haiphong Power Company,

7. Dong Nai Power Company,

8. Power Consulting Construction Company 1,

9. Power Consulting Construction Company 2,

10. Power Consulting Construction Company 3,

11. Power Consulting Construction Company 4,

12. Power Information Telecommunications Company.

II. Enterprises subordinate to the Corporation: 17

1. National System Control Center,

2. Transmission Company 1,

3. Transmission Company 2,

4. Transmission Company 3,

5. Transmission Company 4,

6. Pha Lai Thermal Power Plant,

7. Ninh Binh Thermal Power Plant,

8. Thu Duc Thermal Power Plant,

9. Vung Tau Thermal Power Plant,

10. Uong Bi Thermal Power Plant,

11. Phu My Power Plant,

12. Yaly Hydroelectric Plant,

13. Tri An Hydroelectric Plant,

14. Da Nhim - Ham Thuan - Da My Hydroelectric Plant,

15. Thac Mo Hydroelectric Plant,

16. Thac Ba Hydroelectric Plant,

17. Hoa Binh Hydroelectric Plant.

III. Public institutions: 5

1. Energy Institute,

2. Electric College,

3. Secondary Electric School 2,

4. Secondary Electric School 3,

5. Vocational Training School.

B. Restructuring timeline:

I. Stage 1 (in 2003): 7 units

a) State-owned enterprises undergoing shareholding reform with the state holding more than 50% of the charter capital: 3

1. Insulated Material Workshop (Power Company 1),

2. Electrical Equipment Workshop (Power Company 1),

3. Delivery and Transportation Workshop (Power Company 1).

b) State-owned enterprises undergoing shareholding reform with the state holding a low percentage of shares: 3

1. Electric Installation Company (Hanoi Power Company),

2. Electric Installation Workshop (Haiphong Power Company),

3. Porcelain Insulator Workshop (Subordinate unit of the Insulated Material Workshop under Power Company 1).

c) Converted to a Limited Liability Company with one member: 1

1. Ninh Binh Power Company (Power Company 1).

II. Stage 2 (from 2003 to 2004): 6 units

a) State-owned enterprises undergoing shareholding reform with the state holding more than 50% of the charter capital: 4

1. Thu Duc Electrical Machinery Company,

2. Electrical Equipment Production Company,

3. Yen Vi Machine Factory (Electrical Equipment Production Company),

4. Vinh Son - Song Hinh Hydroelectric Plant.

b) Converted to a Limited Liability Company with one member: 1

1. Hai Duong Power Company (Power Company 1).

c) Merger: 1

1. Science and Technology Information Service Center into Information Technology Center - a subordinate unit of the Corporation.

III. Stage 3 (from 2003 to 2005): 2 units

a) State-owned enterprises undergoing shareholding reform with the state holding more than 50% of the charter capital: 1

1. Khanh Hoa Power Company (Power Company 3).

b) Converted to a Limited Liability Company with one member: 1

1. Can Tho Thermal Power Plant (after conversion, this company will manage the existing Can Tho Power Plant and the units belonging to the O Mon Project currently being implemented).