Decision No. 668/QD-BTC announces the list of valuation consulting organizations permitted to provide enterprise value determination services for privatization in 2010. This document specifies the rights and responsibilities of organizations in the field of valuation consulting.
Scope of application
Valuation consulting organizations, state-owned enterprises transitioning to joint-stock companies
Key points
- Valuation consulting organizations permitted to provide enterprise value determination services for privatization (Article 1).
- This Decision takes effect from the date of issuance (Article 2).
- Only organizations listed in the announcement may engage in valuation consulting activities for the purpose of privatizing state-owned enterprises.
- Relevant units must comply with and implement this Decision.
- The list includes 12 specific valuation consulting organizations, detailed in the Appendix attached to the Decision.
🌐 Social impact of this document
- State-owned enterprises transitioning to joint-stock companies will have additional options for valuation consulting organizations.
- Valuation consulting organizations listed in the announcement will have the opportunity to participate in the privatization process of state-owned enterprises.
❓ Frequently asked questions
Which organizations are permitted to provide enterprise value determination services for privatization?
The list of valuation consulting organizations announced in the Appendix attached to Decision No. 668/QD-BTC.
When does this Decision take effect?
This Decision takes effect from the date of issuance, which is March 30, 2010.
Full text
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MINISTRY OF FINANCE ---------- Decision No.: 668/QD-BTC |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ----------------------------------- Hanoi, March 30, 2010 |
Pursuant to …;
Regarding the announcement of the list of new valuation consulting organizations registered in 2010
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 Regulation on the selection and supervision of valuation 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 valuation consulting organizations registered in 2010 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 Ministry of Finance's 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, the Directors of state-owned enterprises being converted into joint-stock companies, the Directors of valuation consulting organizations, and the Heads of related units shall be responsible for implementing this Decision./.
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Place of Receipt: |
DEPUTY MINISTER |
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- Government Office; |
DEPUTY MINISTER |
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- Ministries, ministerial-level agencies; |
(signed) |
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- Government agency; |
Tran Xuan Ha |
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- People's Committees, Departments of Finance of provinces and centrally governed cities; |
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- State-owned corporations; |
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- Valuation consulting organizations; |
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- Units under the Ministry of Finance, the Ministry of Finance’s website; |
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- File: VT, Department of Accounting and Finance. |
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MINISTRY OF FINANCE ----------- |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------------ |
List of new valuation consulting organizations registered in 2010
permitted to provide services for determining enterprise value for shareholding reform
(Annexed to Decision No. 668/QD-BTC
March 30, 2010 of the Minister of Finance)
1. Saigon-Hanoi Securities Joint Stock Company (SHS);
2. Vincom Securities Joint Stock Company (VSC);
3. Beta Securities Joint Stock Company;
4. AAT Services Co., Ltd.;
5. Unistars International Audit Co., Ltd.;
6. Vietnam Accounting, Auditing and Financial Consulting Co., Ltd. (AAFC Co., Ltd.);
7. South Vietnam Financial, Accounting and Auditing Service Co., Ltd. (AASCN Co., Ltd.);
8. S&S Audit and Consulting Co., Ltd.;
9. Hanoi Capital Audit and Consulting Co., Ltd. (CACC Co., Ltd.);
10. Post Telecommunications Valuation and Financial Investment Joint Stock Company (PTFV., JSC);
11. Avalue Vietnam Valuation Joint Stock Company (AVALUE VIETNAM., JSC);
12. PetroVietnam Investment and Valuation Joint Stock Company (PIV., JSC)./
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DEPUTY MINISTER |
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DEPUTY MINISTER |
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(signed) |
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| Tran Xuan Ha | |
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