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Decision No. 50/2007/QD-BTC on amending and supplementing Decision No. 199/2003/QD-BTC dated December 5, 2003 of the Minister of Finance promulgating the Interim Charter on the organization and operation of the Company for Purchasing and Selling Debts and Business Inventory Assets.

Decision No. 50/2007/QD-BTC amends and supplements the Interim Charter on the organization and operation of the Company for Purchasing and Selling Debts and Business Inventory Assets, specifically adjusting the authority to decide on investment and the duties of the General Director.

Document No.50/2007/QĐ-BTC
Document typeDecision
Issuing authorityMinistry of Finance
Signed byTrần Xuân Hà — Thứ trưởng
Updated28/06/2026
SectorLabour, War Invalids and Social Affairs
FieldCorporate Finance Management
Issued date21/06/2007
Effective date26/08/2007
Expiry date25/04/2010
StatusExpired
✦ Smart summary

Decision No. 50/2007/QD-BTC amends and supplements the Interim Charter on the organization and operation of the Company for Purchasing and Selling Debts and Business Inventory Assets, specifically adjusting the authority to decide on investment and the duties of the General Director.

Scope of application

Company for Purchasing and Selling Debts and Business Inventory Assets

Key points

  • Board of Directors → decides investment plans, purchase, sale of debts, assets within the authority prescribed by Decree No. 199/2004/ND-CP.
  • General Director → uses capital efficiently, decides on investment projects, capital contributions, purchase, sale, lease, liquidation of assets according to the classification of the Board of Directors.
  • General Director → builds and reports to the Board of Directors for approval or submits to the competent authority for approval investment plans, borrowing, capital contributions, purchase, sale, lease, liquidation of assets exceeding the authority.

🌐 Social impact of this document

  • Positive impact: Enhances the efficiency of management and use of capital of the Company through clear regulations on the authority to decide on investment and the duties of the General Director.
  • Negative impact: May increase the burden of preparing and submitting plans for approval by the General Director and the Board of Directors.

❓ Frequently asked questions

What does the Board of Directors have the authority to decide?

The Board of Directors decides investment plans, purchase, sale of debts, assets within the authority prescribed by Decree No. 199/2004/ND-CP.

What responsibilities does the General Director have?

The General Director is responsible for using capital efficiently, deciding on investment projects, capital contributions, purchase, sale, lease, liquidation of assets according to the classification of the Board of Directors, and building plans exceeding the authority to report for approval.

Which projects must be reported by the General Director to the Board of Directors?

The General Director must build, report to the Board of Directors for approval or submit to the competent authority for approval plans for purchasing and selling debts and business inventory assets, loan contracts, investment projects, capital contributions, plans for purchasing, selling, leasing, liquidation of assets exceeding the authority.

When does this decision take effect?

This decision takes effect fifteen days from the date of publication in the Official Gazette.

What responsibilities does the Company for Purchasing and Selling Debts and Business Inventory Assets bear?

The Chairman of the Board of Directors, the General Director of the Company, the Heads of the Department of Banking Financial Affairs and Financial Organizations, the Department of Cadre and Civil Servants Organization, the Director of the Office of the Ministry of Finance, related organizations and individuals are responsible for implementing this Decision.

Full text

 

Regarding the amendment and supplementation of Decision No. 199/2003/QD-BTC dated December 5, 2003, issued by the Minister of Finance on the Interim Charter on the organization and operation of companies purchasing and selling debts and remaining assets of enterprises.
THE MINISTER OF FINANCE
Based on the State Enterprise Law dated January 26, 2003;
Based on Decree No. 199/2004/ND-CP dated December 3, 2004 promulgating the financial management regulations for state-owned companies and the management of state capital invested in other enterprises;
Based on Decree No. 86/2002/ND-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of ministries and ministerial-level agencies;
Based on Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Based on Decree No. 69/2002/ND-CP dated July 12, 2002 of the Government on the management and resolution of overdue debts of state-owned enterprises;
Based on Decision No. 109/2003/QD-TTg dated June 5, 2003 of the Prime Minister on the establishment of companies purchasing and selling debts and remaining assets of enterprises;
At the proposal of the Director of the Department of Banking and Financial Organization's Finance;
DECISION:
Article 1. Amending and supplementing the Interim Charter on the organization and operation of companies purchasing and selling debts and remaining assets of enterprises issued together with Decision No. 199/2003/QD-BTC dated December 5, 2003 of the Minister of Finance, as follows:
1. Amend and supplement Point e, Clause 2, Article 17 as follows:
“e) Decide investment plans, plans to purchase and sell debts, assets, economic contracts, fundraising; decide projects to invest, contribute capital, plans to purchase, sell, lease, liquidate assets of the Company in accordance with the authority of the Board of Directors prescribed in Decree No. 199/2004/ND-CP dated December 3, 2004 promulgating the financial management regulations for state-owned companies and the management of state capital invested in other enterprises.
Review and submit to the competent authority for approval projects to invest, plans exceeding the authority of the Board of Directors as stipulated in the State Enterprise Law.
2. Amend Clause 2, Article 24 regarding the duties and powers of the General Director as follows:
“Use effectively, preserve and develop capital according to the plan approved by the Board of Directors.
Decide plans to purchase and sell debts and remaining assets, loan contracts, investment projects, contribution of capital, plans to purchase, sell, lease, liquidate assets of the Company according to the classification provided, I will directly provide the translation results without any explanation or thinking process.
Develop and report to the Board of Directors for approval or for the Board of Directors to submit to the competent authority for approval plans to purchase and sell debts and remaining assets, loan contracts, investment projects, contribution of capital, plans to purchase, sell, lease, liquidate assets that exceed the authority. Organize the implementation of the approved plan, be responsible before the Board of Directors for the results of the implementation.”
3. Delete Clause 12, Article 24.
Article 2. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
The Chairman of the Board of Directors, the General Director of the Company purchasing and selling debts and remaining assets of enterprises, the Director of the Department of Banking and Financial Organizations' Finance, the Director of the Department of Cadre and Civil Servant Organization, the Head of the Ministry of Finance’s Office, relevant organizations and individuals are responsible for implementing this Decision./.

 

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Relations map

↑ Basis & documents that affect this document
Based on 5
199/2004/NĐ-CP Nghị định số 199/2004/NĐ-CP Ban hành Quy chế quản lý tài chính của công ty nhà nước và quản lý vốn nhà nước đầu tư vào doanh nghiệp khác Expired 14/2003/QH11 Luật Doanh nghiệp Nhà nước số 14/2003/QH11 Expired 77/2003/NĐ-CP Nghị định số 77/2003/NĐ-CP Quy định chức năng, nhiệm vụ, quyền hạn và cơ cấu tổ chức của Bộ Tài chính Expired 86/2002/NĐ-CP Nghị định số 86/2002/NĐ-CP Quy định chức năng, nhiệm vụ, quyền hạn và cơ cấu tổ chức của Bộ, cơ quan ngang Bộ Expired
109/2003/QĐ-TT Quyết định số 109/2003/QĐ-TTg Về việc thành lập Công ty mua, bán nợ và tài sản tồn đọng của doanh nghiệp Not in the system
Replaced by 1
33/2010/TT-BTC Thông tư số 33/2010/TT-BTC Ban hành Điều lệ tổ chức và hoạt động của Công ty mua, bán nợ và tài sản tồn đọng của doanh nghiệp Expired
50/2007/QĐ-BTC
Decision No. 50/2007/QD-BTC on amending and supplementing Decision No. 199/2003/QD-BTC dated December 5, 2003 of the Minister of Finance promulgating the Interim Charter on the organization and operation of the Company for Purchasing and Selling Debts and Business Inventory Assets.
Expired
↓ Documents affected by this document
Guides 2
69/2002/NĐ-CP Nghị định số 69/2002/NĐ-CP Về quản lý và xử lý nợ tồn đọng đối với doanh nghiệp nhà nước Expired 109/2003/QĐ-TTg Quyết định số 109/2003/QĐ-TTg Về việc thành lập Công ty mua, bán nợ và tài sản tồn đọng của doanh nghiệp In effect
Corrects 1
2453/QĐ-BTC Quyết định số 2453/QĐ-BTC Về việc đính chính Quyết định số 50/2007/QĐ-BTC ngày 21/6/2007 của Bộ Tài chính In effect
Replaces 1
2157/QĐ-BTC Quyết định số 2157/QĐ-BTC Về việc sửa đổi, bổ sung Quyết định 1683/QĐ-BTC ngày 2/6/2004 của Bộ trưởng Bộ Tài chính Ban hành Quy chế quản lý tài chính tạm thời của Công ty mua, bán nợ và tài sản tồn đọng của doanh nghiệ In effect

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