Decision No. 47/2005/QĐ-TTg approves the Plan to transfer the Saigon Trade Joint Stock Corporation to operate under the Parent Company - Subsidiary model, applicable to subsidiaries and companies with investment capital from the Parent Company. This Decision stipulates organizational structure, business sectors, management, and task allocation for relevant agencies.
적용 범위
Parent Company - Saigon Trade Joint Stock Corporation; subsidiaries (including limited liability companies with one member, joint-stock companies, limited liability companies with two or more members, and foreign-invested joint ventures); Companies with investment capital from the Parent Company.
핵심 사항
- Parent Company: The Saigon Trade Joint Stock Corporation is a state-owned enterprise directly conducting production and business activities and investing capital in other companies, responsible for preserving and developing state capital at the Parent Company and in invested companies.
- Subsidiaries: including 15 joint-stock companies, 2 limited liability companies with two or more members, and 1 foreign-invested joint venture. These companies have their own legal personality, assets, names, and management structures.
- Companies with investment capital from the Parent Company: including 23 joint-stock companies, 1 limited liability company with two or more members, and 1 foreign-invested joint venture. These companies operate according to applicable laws.
- Task allocation for the Chairman of the People's Committee of Ho Chi Minh City and the Minister of Finance: deciding on the establishment of the Parent Company, forming subsidiaries, approving the Charter of organization and operation of the Parent Company, and financial regulations of the Parent Company.
- This Decision takes effect fifteen days after its publication in the Official Gazette.
🌐 이 문서의 사회적 영향
- Positive impact: Creates opportunities for subsidiaries to develop independently, strengthen management, and enhance operational efficiency of the Saigon Trade Joint Stock Corporation.
- Negative impact: May cause significant changes in organizational structure and working procedures, affecting the rights of employees and shareholders of subsidiaries.
❓ 자주 묻는 질문
What is the Parent Company?
The Parent Company is the Saigon Trade Joint Stock Corporation, a state-owned enterprise directly conducting production and business activities and investing capital in other companies.
How many subsidiaries are specified in this Plan?
This Plan specifies 19 subsidiaries, including 15 joint-stock companies, 2 limited liability companies with two or more members, and 1 foreign-invested joint venture.
What responsibilities does the Parent Company have?
The Parent Company is responsible for preserving and developing state capital at the Parent Company and in invested companies, while managing subsidiaries according to the law.
When does this Decision take effect?
This Decision takes effect fifteen days after its publication in the Official Gazette.
How do the Parent Company and subsidiaries operate?
The Parent Company is a state-owned enterprise directly conducting production and business activities and investing capital in other companies. Subsidiaries have their own legal personality, assets, names, and management structures.
전문
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 47/2005/QĐ-TTg |
Hanoi, March 7, 2005 |
Pursuant to …;
Approving the Project to convert the Saigon Trade Corporation to operate under the holding company - subsidiary model.
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;
Pursuant to 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. Approves the Project to convert the Saigon Trade Corporation to operate under the holding company - subsidiary model, with the following contents:
1. Holding company: The Saigon Trade Corporation is a state-owned enterprise directly implementing production and business activities and investing capital in other companies, responsible for preserving and developing the state capital at the holding company and in other invested companies.
2. Subsidiaries are state-owned limited liability companies with one member, joint-stock companies, limited liability companies with two or more members, and foreign joint ventures in which the holding company has controlling stakes. Subsidiaries have their own legal personality, assets, names, management structures, and are organized and operate according to the relevant laws corresponding to the legal form of the subsidiaries.
The subsidiaries include:
a) State-owned limited liability companies with one member:
- Vietnam Meat Industry Joint Stock Company - VISSAN.
- Foreign Service Company - FOSCO.
b) Joint-stock companies:
- Saigon Commercial Services Joint-Stock Company.
- Ho Chi Minh City General Supplies Joint-Stock Company.
- Food Technology Joint-Stock Company.
c) Limited liability companies with two or more members:
- Tan Chau Export Garment Joint-Stock Company.
- Moc Bai Border Gate Market Joint-Stock Company - Tay Ninh Province.
d) Foreign joint ventures:
- SATRA - SOKIMEX Industrial Zone Joint Venture.
3. Companies with investment capital from the holding company:
a) Joint-stock companies:
- Foreign Trade Warehousing and Delivery Joint-Stock Company.
- Saigon Fuel Joint-Stock Company.
- Economic Cooperation and Import-Export Joint-Stock Company.
- Construction Materials and Interior Decoration Joint-Stock Company.
- Small Handicraft Import-Export Joint-Stock Company.
- Vinabico Confectionery Joint-Stock Company.
- IMEXCO Comprehensive Import-Export and Investment Joint-Stock Company.
- Southern Sky Trading and Export-Import Joint-Stock Company.
- South Saigon Commerce Joint-Stock Company.
- Can Gio Trade and Service Joint-Stock Company.
- Saigon Cosmetics Joint-Stock Company.
- Rong House Joint-Stock Company.
- Marine Supply Joint-Stock Company.
- City Service and Trade Joint-Stock Company.
- Saigon Comprehensive Trading Joint-Stock Company.
- City Fruit and Vegetable Joint-Stock Company.
- City Electrical Goods Trading Joint-Stock Company.
- INEXIM Industrial Goods Import-Export Joint-Stock Company.
- District 8 Production and Trading Joint-Stock Company.
- Export-Oriented Agricultural Products Joint-Stock Company.
- Export Processing Factory Joint-Stock Company.
- Saigon Packaging Joint-Stock Company.
- Coastal Economic Development Joint-Stock Company.
- Seafood Trading Joint-Stock Company.
- Saigon Oilfield Service Joint-Stock Company.
b) Limited liability companies with two or more members:
- Saigon - An Giang Joint-Stock Company.
c) Foreign joint ventures:
- Vietnam Brewery Joint Venture (VBL).
4. The charter capital structure, business sectors of the holding company and subsidiaries; organization and management of the holding company; relationships between the holding company and the state owner and with subsidiaries and companies with investment capital from the holding company; the name of the agency entrusted to represent the state owner's capital at the holding company are stipulated in the Charter on the organization and operation of the holding company.
Article 2. Assignment of tasks:
1. Chairman of the People's Committee of Ho Chi Minh City:
- Decides to establish the holding company and the formation of subsidiaries and companies with investment capital from the holding company 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. Minister of Finance approves the financial regulations of the holding company - Saigon Trade Corporation, upon 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 heads of related agencies are responsible for implementing this Decision./.
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PRIME MINISTER (Signed) Nguyen Tan Dung |
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