Decision No. 497/QD-BTC announces the list of newly registered valuation consulting organizations permitted to provide services for determining enterprise value for shareholding reform. This document specifies the licensing requirements for consulting organizations participating in the process of state-owned enterprise shareholding reform.
Scope of application
Valuation consulting organizations, state-owned enterprises transitioning to joint-stock companies, and relevant state management agencies.
Key points
- The list of valuation consulting organizations permitted to provide services for determining enterprise value for shareholding reform is attached hereto (Article 1).
- This Decision takes effect from the date of issuance and applies to the Director of the Office, the Director of the Department of Corporate Finance, the Chairman of the State Securities Commission, the Head of the Financial Department of Banks and Financial Institutions, and related units (Article 2).
- Valuation consulting organizations listed in this list have the right to provide services for determining enterprise value for shareholding reform.
- Announcing the list aims to facilitate state-owned enterprises in selecting appropriate consulting organizations during the shareholding reform process.
- Licensed consulting organizations must comply with the selection and supervision regulations of the Ministry of Finance (Decision No. 100/2007/QD-BTC).
🌐 Social impact of this document
- Facilitating the transition of state-owned enterprises into joint-stock companies through the determination of enterprise value.
- Licensed consulting organizations have the opportunity to participate in the shareholding reform process, thereby enhancing their business activities and improving their professional capabilities.
- Citizens and investors can have greater confidence in the transparency of the process of determining enterprise value for shareholding reform.
❓ Frequently asked questions
Which organizations are included in the list of valuation consulting organizations permitted to provide services for determining enterprise value for shareholding reform?
The listed valuation consulting organizations include Hanoi Financial Appraisal and Service Corporation, Dragon Vietnam Securities Corporation (VDSC), Dai Viet Securities Corporation (DVSC), and many other units.
When does this Decision take effect?
Decision No. 497/QD-BTC takes effect from the date of issuance, which is March 10, 2009.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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Number: 497/QD-BTC |
Hanoi, March 10, 2009 |
Pursuant to …;
Regarding the announcement of the list of newly registered appraisal consulting organizations permitted to provide services for determining enterprise value for shareholding reform
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THE MINISTER OF FINANCE
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 109/2007/ND-CP dated June 26, 2007 of the Government on converting state-owned enterprises with 100% state capital into joint-stock companies;
Pursuant to Decision No. 100/2007/QD-BTC dated December 6, 2007 of the Minister of Finance promulgating the regulations on selecting and supervising appraisal consulting organizations;
Pursuant to the applications of organizations submitting registration files for conducting enterprise valuation activities;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,
DECISION:
Article 1. Announces the list of newly registered appraisal consulting organizations (first round in 2009) permitted to provide services for determining enterprise value for shareholding reform attached hereto.
Article 2. This Decision takes effect from the date of signature. The Director of the Office, the Director of the Enterprise Finance Department, the Chairman of the State Securities Commission, the Director of the Financial Department of Banks and Financial Institutions, state-owned enterprises being converted into joint-stock companies, appraisal consulting organizations, and heads of relevant units shall be responsible for implementing this Decision.
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Distribution: |
DEPUTY MINISTER |
LIST
APPRAISAL CONSULTING ORGANIZATIONS NEWLY REGISTERED PERMITTED TO PROVIDE SERVICES FOR DETERMINING ENTERPRISE VALUE FOR SHAREHOLDING REFORM
(Annexed to Decision No. 497/QD-BTC dated March 10, 2009 of the Minister of Finance)
1. Ha Noi Corporation of Valuation and Financial Services;
2. Dragon Vietnam Securities Joint Stock Company (VDSC);
3. Dai Viet Securities Joint Stock Company (DVSC);
4. Vietnam Joint Stock Commercial Bank for Foreign Trade Securities Limited Company (VPBS);
5. Van An Audit Consulting Limited Company (VACA Co., Ltd);
6. Asia Audit and Investment Financial Consulting Limited Company (FADACO., Ltd);
7. Dong Yang Audit Limited Company (I.A Co., Ltd);
8. A.T.A.X Tax Audit and Consulting Limited Company (A.T.A.X Co., Ltd);
9. Vung Tau Audit Limited Company (VAC);
10. Au Lac Audit Limited Company;
11. Corporation of Valuation and Financial Service Consulting;
12. Dong Nam Valuation and Consulting Corporation;
13. Hoang Quan Valuation Limited Company.
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