Decision No. 65/2000/QĐ-BNN-TCCB on converting the independent accounting system of Haiphong Tea Company to a dependent accounting system under Vietnam Tea Corporation and merging Haiphong Tea Company with the Haiphong Branch of Vietnam Tea Corporation

Pursuant to …;

Regarding the conversion of the independent accounting system of Haiphong Tea Company to a subsidiary accounting system under Vietnam Tea Corporation and the merger of Haiphong Tea Company with the Haiphong Branch of Vietnam Tea Corporationsubsidiary

under the Vietnam Tea Corporation and to merge with the Vietnam Tea Corporation Branch in Hai Phong

Department with the Branch of the

Vietnam Tea Corporation in Hai Phong

__________________________

THE MINISTER OF THE MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT

Pursuant to Decree No. 73/CP dated November 1, 1995 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Agriculture and Rural Development;
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. 203/NN-TCCB/QĐ dated March 24, 1993 of the Minister of Agriculture and Rural Development (now the Ministry of Agriculture and Rural Development) establishing Haiphong Export Tea Factory (now Haiphong Tea Company);
Pursuant to Decision No. 394/NN-TCCB/QĐ dated December 29, 1995 of the Minister of the Ministry of Agriculture and Rural Development on the establishment of Vietnam Tea Corporation;
Pursuant to Decision No. 28/CVN-TC dated June 3, 1996 of Vietnam Tea Corporation establishing the Haiphong Branch of Vietnam Tea Corporation;
Considering the proposal of the Board of Directors of Vietnam Tea Corporation in Report No. 288/TTr-HĐQT dated May 17, 2000 and the proposal of the Director of the Personnel and Organization Department,

DECISION:

Article 1. - Now rearrange Haiphong Tea Company (a member enterprise directly under Vietnam Tea Corporation) and the Haiphong Branch of Vietnam Tea Corporation according to the following steps:

1/ Convert the independent accounting system of Haiphong Tea Company to a subsidiary accounting system under Vietnam Tea Corporation.

2/ Merge Haiphong Tea Company, a subsidiary unit under Vietnam Tea Corporation, with the Haiphong Branch of Vietnam Tea Corporation, naming it Haiphong Tea Company.

Article 2. - Haiphong Tea Company has:

The abbreviated international trading name is: VINATEA.HP Main office located at: No. 126 Lac Tray Street, Ngo Quyen District, Haiphong City. Secondary office: 30 Vo Thi Sau Street - Haiphong City. The company is a subsidiary unit under Vietnam Tea Corporation, entitled to use its own seal and open bank accounts in accordance with current regulations.

Article 3. - Haiphong Tea Company is subject to comprehensive direction and direct management by Vietnam Tea Corporation; the company is authorized to enter into economic contracts, actively carry out production and business activities, financial operations, organizational structures, and personnel matters within the scope of authority delegated or entrusted by Vietnam Tea Corporation.

The organizational structure, functions, duties, powers, staffing levels, and business sectors of the company shall be determined by the Board of Directors and General Manager of Vietnam Tea Corporation based on the production and business requirements of the company and within the permitted business sectors of Vietnam Tea Corporation, aiming for efficiency and streamlined operations. The General Director of Haiphong Tea Company is responsible for drafting the Charter of organization and operation of the company to submit for approval by the Board of Directors in compliance with the Law on State-Owned Enterprises and the Charter of organization and operation of Vietnam Tea Corporation.

Article 4. - The Board of Directors and General Manager of Vietnam Tea Corporation are responsible for organizing and strictly supervising the implementation of converting the independent accounting system of Haiphong Tea Company to a subsidiary accounting system under Vietnam Tea Corporation; subsequently, merging Haiphong Tea Company with the Haiphong Branch of Vietnam Tea Corporation as stipulated in Article 1 above, ensuring that the unit stabilizes quickly, operates effectively, and reports the results to the Ministry.

The Departments of Personnel and Organization, Finance and Accounting, Planning and Development, in accordance with their respective functions, are responsible for guiding and inspecting Vietnam Tea Corporation and the relevant entities to organize and rearrange enterprises in accordance with this decision and current state regulations.

Article 5. - Vietnam Tea Corporation is responsible for directing the General Director of Haiphong Tea Company to complete all necessary registration procedures with competent authorities after the enterprise restructuring is completed and operate in compliance with the law.

Decision No. 203/NN-TCCB/QĐ dated March 24, 1993 of the Minister of Agriculture and Rural Development (now the Ministry of Agriculture and Rural Development) regarding the establishment of Haiphong Export Tea Factory (now Haiphong Tea Company) and Decision No. 28/CVN-TC dated June 3, 1996 of Vietnam Tea Corporation establishing the Haiphong Branch of Vietnam Tea Corporation are hereby repealed.

Article 6. - This decision takes effect fifteen days from the date of issuance.

Article 7. - The Head of the Ministry's Office, the Director of the Personnel and Organization Department, the Heads of related departments under the Ministry, the Board of Directors and General Manager of Vietnam Tea Corporation, the General Director of Haiphong Tea Company, and the General Director of the Haiphong Branch of Vietnam Tea Corporation are responsible for implementing this decision.