Decision No. 228/2005/QD-TTg On the transfer of Vietnam Animal Husbandry Corporation to operate under the holding company-subcompany model

DECISION

Regarding the transfer of Vietnam National Livestock Corporation to operate under the holding company-subcompany model

and its activities

PRIME MINISTER

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

Pursuant to the Enterprise Law No. 13/1999/QH10 dated June 12, 1999;

Pursuant to the State-Owned Enterprise Law No. 14/2003/QH11 dated November 26, 2003;

Pursuant to the Government Decree No. 153/2004/NĐ-CP dated August 9, 2004 on the organization and management of State-owned Corporations and the transformation of State-owned Corporations and independent state companies into holding companies and subcompanies;

At the proposal of the Minister of Agriculture and Rural Development,

DECISION:

Article 1. Approves the Project on transferring Vietnam National Livestock Corporation under the Ministry of Agriculture and Rural Development to organize and operate under the holding company-subcompany model, with the main contents as follows:

1. The holding company - Vietnam National Livestock Corporation is a state enterprise, having legal personality, its own seal, and accounts opened at the State Treasury and banks; directly carrying out production and business activities and investing capital in subcompanies and associated companies; responsible for preserving and developing state capital within the company and in subcompanies and associated companies.

International trade name is: VIETNAM NATIONAL LIVESTOCK CORPORATION

Abbreviation is: VINA LIVESCO

Head office: No. 519 Minh Khai, Hai Ba Trung District, Hanoi City. The holding company is formed based on the restructuring of the Vietnam National Livestock Corporation Office, dependent enterprises, and branches.

The organizational structure of the holding company includes: Board of Directors, Supervisory Board, General Director, and supporting staff.

2. Subcompanies and associated companies: have legal personality, assets, names, and their own management structures; bear civil responsibility within the scope of the company's assets; organized and operated according to the relevant laws corresponding to the legal form of subcompanies and associated companies.

3. The charter capital structure and business sectors of the holding company and subcompanies and associated companies; organization and management of the holding company; relationships between the holding company and the state owner and subcompanies and associated companies are stipulated in the Charter of the holding company's organization and operation.

4. The holding company has the responsibility to succeed the legal rights and obligations of Vietnam National Livestock Corporation.

5. The schedule for restructuring and transferring Vietnam National Livestock Corporation to operate under the holding company-subcompany model as attached.

Article 2.

1. Entrust the Minister of Agriculture and Rural Development:

- To direct the implementation of this Project.

- To decide on the establishment of the holding company, subcompanies, and associated companies mentioned in Clause 1 and Clause 2 of Article 1 of this Decision in accordance with current regulations.

- To approve the Charter of the holding company's organization and operation.

- To decide on the transfer of state capital management rights in some enterprises with similar business sectors, technology, markets... to Vietnam National Livestock Corporation to expand multi-sector production and business operations, enhance capacity, efficiency, and competitiveness of the enterprise.

2. Entrust the Minister of Finance to approve the Financial Regulations of the holding company.

Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Ministers of Agriculture and Rural Development, Finance, Planning and Investment, Home Affairs, Labor, Invalids and Social Affairs, Governor of the State Bank of Vietnam, and Heads of related agencies are responsible for implementing this Decision.