Decision No. 271/QD-TTg approves the Project to transform the Vietnam Transportation Engineering Consultancy Joint Stock Corporation into a holding company - subsidiary company model.

Pursuant to …;

Approving the Project to transfer the Vietnam Transportation Consultancy and Design Corporation to operate under the holding company model

Holding Company - Subsidiary Model

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PRIME MINISTER

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

Pursuant to the Law on State-Owned Enterprises dated November 26, 2003;

Pursuant to the Enterprise Law dated November 29, 2005;

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-owned enterprises into the holding company model;

Considering the proposal of the Ministry of Transport,

DECISION:

Article 1. Approving the Project to transfer the Vietnam Transportation Consultancy and Design Corporation to operate under the holding company model, with the main contents as follows:

1. The holding company - Vietnam Transportation Consultancy and Design Corporation is a state-owned enterprise formed based on the restructuring of the Office and dependent accounting units of the Vietnam Transportation Consultancy and Design Corporation.

The holding company has its own legal personality, seal, charter for organization and operation; it is allowed to open domestic and foreign currency accounts at the State Treasury and banks both domestically and internationally in accordance with the law; directly carry out production, business activities, and invest capital in other companies; be responsible for preserving and developing state capital within the holding company and invested capital in other companies; inherit all lawful rights, obligations, and interests of the Vietnam Transportation Consultancy and Design Corporation.

The management and operational structure of the holding company includes: Board of Directors, Supervisory Board, General Director, Deputy General Directors, Chief Accountant, and supporting staff.

2. Subsidiaries are joint-stock companies, with the holding company holding controlling shares:

- Traffic Construction Consulting Joint Stock Company No. 2;

- Traffic Transport Design Joint Stock Company No. 4;

- Traffic Construction Consulting Joint Stock Company No. 5;

- Traffic Construction Consulting Joint Stock Company No. 7;

- Waterway Traffic Design and Construction Joint Stock Company;

- Inspection and Geotechnical Design Consulting Joint Stock Company;

- Large Bridge and Tunnel Design Consulting Joint Stock Company;

- Road Design Consulting Joint Stock Company;

- Bridge and Road Design Consulting Joint Stock Company;

- Port and Waterway Construction Consulting Joint Stock Company.

3. Associated companies are joint venture companies with less than 50% of the registered capital contributed by the holding company:

Asia-Pacific Engineering Consulting Company (APECO).

4. Relationships between the holding company and the state owner, and with subsidiaries and associated companies shall be carried out in accordance with the law and the Charter for Organization and Operation of the holding company - Vietnam Transportation Consultancy and Design Corporation.

Article 2. Implementation

Minister of Transport:

- Directing and monitoring the implementation of this Decision;

- Deciding to establish the holding company - Vietnam Transportation Consultancy and Design Corporation in accordance with the law;

- Approving the Charter for Organization and Operation of the holding company - Vietnam Transportation Consultancy and Design Corporation.

Article 3. This Decision shall take effect from the date of signing.

Ministers of the Ministries of Transport, Finance, Planning and Investment, Home Affairs, Labor, Invalids and Social Affairs, Steering Committee for Enterprise Reform and Development, Heads of relevant agencies, and the Board of Directors of the Vietnam Transportation Consultancy and Design Corporation are responsible for implementing this Decision.