Decision No. 54/2005/QD-TTg on approving the adjustment of the Plan for restructuring and modernizing state-owned enterprises under the People's Committee of Khanh Hoa Province.

Decision No. 54/2005/QD-TTg of the Government approves the adjustment of the Plan for restructuring and modernizing some state-owned companies directly under the People's Committee of Khanh Hoa Province in 2005. The Decision specifies the process of shareholding and conversion to different forms of operation for state-owned companies.

Document No.54/2005/QĐ-TTg
Document typeDecision
Issuing authorityCentral Account
Signed byNguyễn Tấn Dũng — Phó Thủ tướng
Updated29/06/2026
SectorIndustry and Trade
FieldUncategorized
Issued date18/03/2005
Effective date07/04/2005
Expiry date
StatusIn effect
✦ Smart summary

Decision No. 54/2005/QD-TTg of the Government approves the adjustment of the Plan for restructuring and modernizing some state-owned companies directly under the People's Committee of Khanh Hoa Province in 2005. The Decision specifies the process of shareholding and conversion to different forms of operation for state-owned companies.

Scope of application

State-owned companies directly under the People's Committee of Khanh Hoa Province

Key points

  • Nha Trang Environmental and Urban Services Company, Khanh Hoa Transport Service Company → implement shareholding, with the State holding more than 50% of the charter capital.
  • Khanh Hoa Traffic Management and Repair Company, Khanh Hoa Printing Enterprise, Khanh Hoa Real Estate Trading and Development Company, Khanh Hoa Pharmaceutical and Medical Supplies Company, Nha Trang Export Seafood Processing Company, Khanh Hoa Mineral Water Company, Khanh Hoa Marine Resources Exploitation and Service Enterprise, Khanh Hoa Mechanical Engineering Company, Khanh Hoa Investment and Construction Company, Ninh Hoa Sugar Factory (subsidiary of Khanh Hoa Sugar Company) → implement shareholding or not retain shares.
  • Khanh Hoa Film Company, Khanh Hoa Motor Vehicle Inspection Center → convert to public service units.
  • Chairman of the People's Committee of Khanh Hoa Province → direct the implementation of the restructuring and modernization of state-owned companies under its jurisdiction according to the approved content.
  • Ministries: Finance, Planning and Investment, Home Affairs, Labour, Invalids and Social Affairs and related agencies → coordinate with the People's Committee of Khanh Hoa Province in implementing the Plan.
  • Steering Committee for Enterprise Reform and Development → be responsible for urging, guiding, and monitoring the implementation.

🌐 Social impact of this document

  • Positive impact: Shareholding of state-owned companies helps improve management efficiency and enhance competitiveness in the market.
  • Negative impact: The process of shareholding and conversion to different forms of operation may cause instability in some units and affect the rights of workers.

❓ Frequently asked questions

Which companies will implement shareholding?

Nha Trang Environmental and Urban Services Company, Khanh Hoa Transport Service Company will implement shareholding, with the State holding more than 50% of the charter capital. Other companies such as Khanh Hoa Traffic Management and Repair Company, Khanh Hoa Printing Enterprise will also implement shareholding or not retain shares.

Which companies will be converted to public service units?

Khanh Hoa Film Company and Khanh Hoa Motor Vehicle Inspection Center will be converted to public service units.

What responsibilities do the heads of relevant agencies have in implementing the Plan?

The Chairman of the People's Committee of Khanh Hoa Province is responsible for directing the implementation of the restructuring and modernization of state-owned companies under its jurisdiction according to the approved content. Ministries: Finance, Planning and Investment, Home Affairs, Labour, Invalids and Social Affairs and related agencies coordinate with the People's Committee of Khanh Hoa Province in implementing the Plan.

When does this Decision take effect?

This Decision takes effect fifteen days after its publication in the Official Gazette.

Which companies will implement shareholding and the State hold less than 50% of the charter capital?

Companies such as Khanh Hoa Traffic Management and Repair Company, Khanh Hoa Printing Enterprise, Khanh Hoa Real Estate Trading and Development Company, Khanh Hoa Pharmaceutical and Medical Supplies Company, Nha Trang Export Seafood Processing Company, Khanh Hoa Mineral Water Company, Khanh Hoa Marine Resources Exploitation and Service Enterprise, Khanh Hoa Mechanical Engineering Company, Khanh Hoa Investment and Construction Company will implement shareholding but the State will not retain shares.

Full text

PRIME MINISTER

Number: 54/2005/QĐ-TTg

Socialist Republic of Vietnam

Independence - Freedom - Happiness

Hanoi, March 18, 2005

DECISION OF THE PRIME MINISTER

Regarding the approval of the adjustment of the Plan for the reorganization and renovation

of state-owned enterprises under the People's Committee of Khanh Hoa Province

PRIME MINISTER

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

Pursuant to Decision No. 155/2004/QĐ-TTg dated August 24, 2004 of the Prime Minister on issuing criteria and classification lists for state-owned companies and independent accounting subsidiaries of state-owned corporations;

Considering the proposal of the People's Committee of Khanh Hoa Province,

DECISION:

Article 1. Approves the adjustment of the Plan for the reorganization and renovation of some state-owned companies directly under the People's Committee of Khanh Hoa Province in 2005 as set out in the Appendix attached hereto.

Article 2. Chairman of the People's Committee of Khanh Hoa Province:

1. Direct the implementation of the reorganization and renovation of state-owned companies directly under the Committee in accordance with the approved contents.

2. Clarify the development plan for raw material regions, complete the restructuring plan for the Cam Ranh Sugar Factory. In cases where conversion forms cannot be implemented, allow dissolution and bankruptcy in accordance with the provisions of the law.

3. Complete the Plan for the reorganization of state-owned forest farms in accordance with Decree No. 200/2004/NĐ-CP dated December 3, 2004 of the Government on the reorganization, renovation, and development of state-owned forest farms, and submit it to the Ministry of Agriculture and Rural Development for review in the first quarter of 2005.

4. Decide to approve the structure of member units of Khanh Viet Corporation in accordance with current regulations.

Article 3. The Ministries of Finance, Planning and Investment, Home Affairs, Labor, Invalids and Social Affairs, and related agencies shall have the responsibility to coordinate with the People's Committee of Khanh Hoa Province in implementing the aforementioned Plan.

The Steering Committee for Enterprise Reform and Development shall be responsible for urging, guiding, and monitoring the implementation.

Article 4. 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 Khanh Hoa Province and the Heads of related agencies are responsible for enforcing this Decision./.

Place of Receipt:

- National Assembly, People's Committees of provinces and centrally-administered cities,

- Central Economic Commission,

- Ministries: Finance, Planning and Investment,

Home Affairs, Labor, Invalids and Social Affairs,

- People's Committee of Khanh Hoa Province,

- Steering Committee for Enterprise Renovation and Development,

- Official Gazette,

- Office of the Government: Deputy Prime Minister, Deputy Minister Nguyen Cong Su,

Departments: Legal, Economic Management,

- File: Legal Department (3), General Office.

DEPUTY PRIME MINISTER

DEPUTY PRIME MINISTER

(Signed)

Nguyen Tan Dung

ANNEX

List of state-owned enterprises under Khanh Hoa Province

adjusting the reorganization plan in 2005

(Annexed to Decision No. 54/2005/QĐ-TTg

dated March 18, 2005 of the Prime Minister)

____

I. Companies to be listed, State holding more than 50% of charter capital :

1. Nha Trang Urban Environment and Services Company;

2. Khanh Hoa Transport Service Company.

II. Companies to be listed, State holding less than 50% of charter capital or not holding shares :

1. Khanh Hoa Traffic Construction Management and Repair Company;

2. Khanh Hoa Printing Enterprise;

3. Khanh Hoa Real Estate Trading and Development Company;

4. Khanh Hoa Pharmaceutical and Medical Supplies Company;

5. Nha Trang Export Seafood Processing Company;

6. Khanh Hoa Mineral Water Company;

7. Khanh Hoa Marine Resources Exploitation and Service Enterprise;

8. Khanh Hoa Mechanical Engineering Company;

9. Khanh Hoa Investment and Construction Project Company;

10. Ninh Hoa Sugar Factory (subsidiary of Khanh Hoa Sugar Company).

III. Companies to be converted into public service units :

1. Khanh Hoa Film Company;

2. Khanh Hoa Motor Vehicle Inspection Center.

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54/2005/QĐ-TTg
Decision No. 54/2005/QD-TTg on approving the adjustment of the Plan for restructuring and modernizing state-owned enterprises under the People's Committee of Khanh Hoa Province.
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