Decision No. 39/2000/QĐ-BCN On the establishment of the Technical Development and Investment Company under the Institute of Machinery and Industrial Tools

Pursuant to …;

Regarding the establishment of the Technical Development and Investment Company under the Institute

of Machinery and Tools

THE MINISTER OF INDUSTRY

Pursuant to the Government Decree No. 74/CP dated November 1, 1995 on the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 50/CP dated August 28, 1996 of the Government on the establishment, restructuring, dissolution, and bankruptcy of state-owned enterprises;

Pursuant to Decision No. 68/1998/QĐ-TTg dated March 27, 1998 of the Prime Minister on the approval for piloting the establishment of state-owned enterprises within educational institutions and research facilities;

In accordance with the agreement of the Ministry of Planning and Investment in Circular No. 3615/BKH-DN dated June 13, 2000;

Considering the proposal of the General Corporation of Machinery and Equipment (Circular No. 157/CV-HĐQT dated April 26, 2000).

At the proposal of the Director of the Personnel and Organization Department,

DECISION:

Article 1. Establish the Technical Development and Investment Company under the Institute of Machinery and Tools - a member unit of the General Corporation of Machinery and Equipment;

The international trade name in English: INVESTMENT AND TECHNICAL DEVELOPMENT COMPANY, abbreviated as ITD;

Head office: No. 4, Vu Ngoc Phan Street, Dong Da District, Hanoi;

The Technical Development and Investment Company is a state-owned enterprise, independently accounting for economic activities, having full legal personality, its own seal, and bank account at the State Bank, operating according to the provisions of Decision No. 68/1998/QĐ-TTg dated March 27, 1998 of the Prime Minister;

Article 2. Business activities of the Company:

- Production and business, transfer of research products, new technologies in the machinery and equipment industry;

- Investment consulting services, training, application of scientific and technological advancements in the machinery and equipment industry to production;

- Import and export of machinery, tools, and equipment;

The charter capital of the Company: 1,846,033,017 Vietnamese dong.

Where:

- State budget capital: 1,497,276,948 Vietnamese dong;

- Self-supplemented capital: 348,756,069 Vietnamese dong.

Article 3. Delegate the Director of the Institute of Machinery and Tools to manage the Technical Development and Investment Company; responsible for directing the Company's operations in accordance with assigned functions and tasks, complying with state policies, regulations, and laws; drafting the Company's Charter for approval by the General Corporation of Machinery and Equipment;

Delegate the General Director of the General Corporation of Machinery and Equipment to examine and approve the organizational and operational Charter of the Company and appoint management positions in accordance with Article 6 of Decision No. 68/1998/QĐ-TTg dated March 27, 1998 of the Prime Minister;

The Technical Development and Investment Company is responsible for completing all necessary registration procedures and operating in accordance with the Company's organizational and operational Charter and relevant laws.

Article 4. THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.

The Head of the Ministry's Office, the Inspector General, Department Heads, Bureau Chiefs under the Ministry, the Chairman of the Board of Directors, the General Director of the General Corporation of Machinery and Equipment, the Director of the Institute of Machinery and Tools, and the Director of the Technical Development and Investment Company are responsible for implementing this Decision./.