Decision No. 232/2005/QD-TTg approves the Project to transform the Vietnam Tobacco Corporation into a Holding Company - Subsidiary Company model, applicable to subsidiary companies and associated companies. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
핵심 사항
- The Vietnam Tobacco Corporation (VINATABA) will operate under the Holding Company - Subsidiary Company model, possessing legal personality and the responsibility for preserving state capital at the holding company and subsidiary companies.
- The subsidiary companies include nine state-owned joint stock companies with a single member and four public limited companies, in which the holding company holds controlling shares.
- This Project also applies to three foreign joint ventures and four associated companies.
- The Minister of Industry shall direct the implementation of the Project, while the Minister of Finance shall approve the Financial Regulations of the holding company.
- The Board of Directors of the Vietnam Tobacco Corporation must submit to the Prime Minister for a decision to establish the holding company and convert tobacco factories and the Institute of Economic and Technical Research of Tobacco into state-owned joint stock companies with a single member.
🌐 이 문서의 사회적 영향
- The positive impact is that restructuring the Vietnam Tobacco Corporation under the Holding Company - Subsidiary Company model enhances management efficiency and production and business operations.
- However, it may cause some difficulties during the transition process for subsidiary units and associated companies.
❓ 자주 묻는 질문
What activities will the Holding Company - Vietnam Tobacco Corporation undertake?
The Vietnam Tobacco Corporation (VINATABA) will directly carry out production and business activities and invest capital in other companies.
What responsibilities does the Holding Company - Vietnam Tobacco Corporation have regarding state capital?
The Vietnam Tobacco Corporation must preserve state capital at the holding company and in the invested subsidiary companies.
How will the Holding Company - Vietnam Tobacco Corporation be managed?
The management structure of the holding company includes the Board of Directors, Supervisory Board, General Director, Deputy General Directors, Chief Accountant, and supporting staff.
How will the subsidiary companies be established?
The subsidiary companies include nine state-owned joint stock companies with a single member and four public limited companies, in which the holding company holds controlling shares.
When will this Decision take effect?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
전문
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PRIME MINISTER THE GOVERNMENT |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 232/2005/QĐ-TTG |
Hanoi, September 23, 2005 |
Pursuant to …;
Regarding the approval of the Project to transform the Vietnam Tobacco Corporation into operating under the holding company - subsidiary company model
operates under the parent company - subsidiary model
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 Decree No. 153/2004/NĐ-CP dated August 9, 2004 of the Government on the organization and management of state-owned corporations and the transformation of state-owned corporations and independent state-owned companies into the holding company - subsidiary company model;
Considering the proposal of the Board of Directors of the Vietnam National Tobacco Corporation,
DECISION:
Article 1. Approve the Project to transform the Vietnam Tobacco Corporation into operating under the holding company - subsidiary company model with the following contents:
1. The holding company - Vietnam Tobacco Corporation (VINATABA) is a state-owned enterprise, possessing legal personality, seal, Articles of Organization and Operation; it is entitled to open accounts at banks and state treasuries; directly carry out production and business activities and invest capital in other companies; and bear responsibility for preserving state capital within the holding company and in invested companies.
The holding company is established based on restructuring the Vietnam Tobacco Corporation Office and Vinataba Trading Companies and Vinataba Import-Export Company; it shall assume all legal rights and obligations of the Vietnam Tobacco Corporation. The management structure of the holding company includes: Board of Directors, Supervisory Board, General Director, Deputy General Directors, Chief Accountant, and supporting staff.
2. Subsidiaries include:
a) State-owned limited liability company under the Chairman of the company model:
- Saigon Tobacco Company,
- Thang Long Tobacco Company,
- Thanh Hoa Tobacco Company,
- Bac Son Tobacco Company,
- Long An Tobacco Company,
- Ben Tre Tobacco Company,
- Cuu Long Tobacco Company,
- Dong Thap Tobacco Company,
- An Giang Tobacco Company.
b) Joint stock company, in which the holding company holds controlling shares:
- Cat Loi Joint-Stock Company,
- Hoa Viet Joint-Stock Company,
- Ngan Son Joint-Stock Company,
- Hai Ha Confectionery Joint Stock Company.
c) Limited liability company with two or more members, in which the holding company has controlling equity:
Da Nang Tobacco Company.
d) Joint venture with foreign parties, in which the holding company has controlling equity:
- Hai Ha Confectionery - Kotobuki Joint Venture,
- Vinasa Tobacco Joint Venture.
3. Associated companies:
- BAT - Vinataba Joint Venture,
- Vina - ToYo Joint Venture,
- Baominh Joint-Stock Corporation,
- Eximbank Joint-Stock Commercial Bank.
Article 2. Implementation organization:
1. The Minister of Industry shall direct the implementation of this Project.
2. The Minister of Finance shall approve the Financial Regulations of the holding company.
3. The Board of Directors of the Vietnam Tobacco Corporation shall submit to the Prime Minister for decisions on establishing the holding company, transforming tobacco factories and the Tobacco Economic and Technical Institute into state-owned limited liability companies, and approving the Articles of Organization and Operation 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 Industry, Finance, Planning and Investment, Labor, Invalids and Social Affairs, Home Affairs, Governor of the State Bank of Vietnam, Heads of relevant agencies, Steering Committee for Enterprise Reform and Development, and the Board of Directors of the Vietnam Tobacco Corporation are responsible for implementing this Decision./.
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DEPUTY PRIME MINISTER Nguyen Tan Dung |
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