Decision No. 24/2005/QĐ-TTg of the Government approving the Project to establish Saigon Water Supply Corporation (SAWACO) under the holding company-subcompany model, with the goal of multi-sector business operations focusing on water production and supply. SAWACO will manage sub-companies such as state-owned joint stock companies and public limited companies.
要点
- The holding company - Saigon Water Supply Corporation (SAWACO) is a state-owned enterprise formed from the restructuring of the City Water Supply Company under the Department of Transportation and Public Works.
- SAWACO manages sub-companies such as state-owned joint stock companies and public limited companies, where the holding company holds controlling shares over 50% of the charter capital.
- Sub-companies include: Underground Water Extraction and Treatment Company, Traffic Construction Company, Water Supply Companies of Thu Duc-Bien Hoa, Nha Be, Gia Dinh, Water Engineering Construction Machinery Company, Ben Thanh, Cho Lon, Phu Hoa Tan, Water Construction Consulting Company.
- SAWACO operates under the holding company-subcompany model and implements accounting and business operations in accordance with the law.
- The Chairman of the People's Committee of Ho Chi Minh City is responsible for implementing the Project, deciding on the establishment of sub-companies, and approving the Charter of organization and operation of the holding company.
🌐 本文件的社会影响
- Positive impact: Enhancing management and business efficiency in the water supply industry through the holding company-subcompany model.
- Negative impact: There may be increased financial burden on sub-companies if not managed strictly.
❓ 常见问题
Is SAWACO a state-owned enterprise or a private enterprise?
SAWACO is a state-owned enterprise, formed from the restructuring of the City Water Supply Company under the Department of Transportation and Public Works.
How many sub-companies does the holding company - SAWACO manage?
SAWACO manages sub-companies such as state-owned joint stock companies and public limited companies, including eight Water Supply Companies of Thu Duc-Bien Hoa, Nha Be, Gia Dinh, Water Engineering Construction Machinery Company, Ben Thanh, Cho Lon, Phu Hoa Tan, Water Construction Consulting Company.
What percentage of controlling shares does the holding company hold in the sub-companies?
The holding company holds controlling shares over 50% of the charter capital at the Water Supply Companies of Thu Duc-Bien Hoa, Nha Be, Gia Dinh, Water Engineering Construction Machinery Company, Ben Thanh, Cho Lon, Phu Hoa Tan.
Under which model does SAWACO operate?
SAWACO operates under the holding company-subcompany model and implements accounting and business operations in accordance with the law.
When does this Decision take effect?
This Decision takes effect fifteen days after its publication in the Official Gazette.
全文
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PRIME MINISTER
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SOCIALIST REPUBLIC OF VIETNAM
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Number: 24/2005/QĐ-TTg |
Hanoi, January 26, 2005 |
Pursuant to …;
Regarding the establishment of Saigon Water Supply Corporation operating under the holding company-subsidiary model
Pursuant to the holding company-subsidiary model
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the State Enterprise Law dated November 26, 2003;
Pursuant to the Enterprise Law dated June 12, 1999;
On the basis of Decree No. 153/2004/NĐ-CP dated August 9, 2004 of the Government;
Considering the proposal of the Chairman of the People's Committee of Ho Chi Minh City,
DECISION:
Article 1. Approving the Project on the establishment of Saigon Water Supply Corporation operating under the holding company-subsidiary model, engaging in diversified industries, with the main industry being water production and supply and other products and services related to the water sector, serving as the core in implementing the planning for the development of the water supply industry within the city and surrounding areas.
1. The holding company - Saigon Water Supply Corporation (SAWACO) is a state-owned enterprise established based on the restructuring of the Water Supply Company directly under the Department of Transportation and Public Works of Ho Chi Minh City.
2. Subsidiaries are state-owned limited liability companies with one member; joint-stock companies, limited liability companies with multiple members, and joint ventures where the holding company holds controlling equity, including:
a) State-owned limited liability companies with one member:
- Underground Water Extraction and Treatment Company,
- Public Works Construction Company.
b) Joint-stock companies, in which the holding company holds more than 50% of the charter capital:
- Thu Duc-Bien Hoa Water Supply Joint-Stock Company,
- Nha Be Water Supply Joint-Stock Company,
- Gia Dinh Water Supply Joint-Stock Company,
- Water Engineering Construction Machinery Joint-Stock Company,
- Ben Thanh Water Supply Joint-Stock Company,
- Cho Lon Water Supply Joint-Stock Company,
- Phu Hoa Tan Water Supply Joint-Stock Company,
- Water Supply Construction Consulting Joint-Stock Company.
3. Companies in which the holding company has invested:
- Public Works Construction Consulting Company.
4. Saigon Water Supply Corporation operates under the holding company-subsidiary model, conducting business accounting in accordance with the provisions of the law, Articles of Association, and Financial Regulations approved by competent state authorities. The management structure of the Corporation includes the Board of Directors, General Director, Deputy General Directors, Chief Accountant, and supporting staff.
Article 2. Assignment of tasks:
1. Chairman of the People's Committee of Ho Chi Minh City:
- Implementing this Project; deciding on the establishment of the holding company and the formation of subsidiaries and companies in which the holding company has invested as stipulated in Article 1 of this Decision in accordance with current regulations.
- Approves the Charter of the holding company's organization and operation.
2. The Minister of Finance shall approve the financial regulations of the holding company based on the proposal of the People's Committee of Ho Chi Minh City.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the People's Committee of Ho Chi Minh City, the Minister of Finance, and the heads of relevant agencies are responsible for enforcing this Decision.
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DEPUTY PRIME MINISTER DEPUTY PRIME MINISTER (Signed) Nguyen Tan Dung |
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