Decision No. 79/2004/QD-TTg amends certain contents of the Action Program to implement the Resolution of the 9th Plenary Session of the Central Committee of the Communist Party of Vietnam, Term IX, focusing on the transformation of state-owned enterprises and the development of the science and technology market. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Key points
- The Government → proposes to implement financial mechanisms when transferring state-owned enterprises to operate under the limited liability company regime and pilot shareholding from the third quarter of 2004
- The Ministry of Finance → urgently complete the proposal for establishing a State Investment Financial Company, coordinate with the Ministry of Home Affairs to study state management agencies to perform the function of representing state ownership capital
- The Government → amend the title of Section D Part II of the Action Program on developing the science and technology market linked to improving the business environment
- The Appendix of the Action Program → amend and supplement Decree No. 64/2002/ND-CP on converting state-owned enterprises into Joint Stock Companies and implement the pilot shareholding from the second quarter of 2004
- The Government → complete the proposal for establishing a State Investment Financial Company, coordinate with the Ministry of Home Affairs to study state management agencies to perform the function of representing state ownership capital
🌐 Social impact of this document
- Create conditions for the transformation of state-owned enterprises and shareholding, helping to improve economic efficiency
- Develop the science and technology market, improve the business environment, facilitate business operations
❓ Frequently asked questions
When will the Government begin implementing financial mechanisms when transforming state-owned enterprises?
The Government proposes to implement financial mechanisms when transferring state-owned enterprises to operate under the limited liability company regime starting in the third quarter of 2004.
What draft does the Ministry of Finance need to complete by when?
The Ministry of Finance urgently completes the proposal for establishing a State Investment Financial Company and coordinates with the Ministry of Home Affairs to study the proposal on state management agencies to perform the function of representing state ownership capital, first piloting in some localities with many enterprises undergoing shareholding in the second quarter of 2004.
What will the Government do about developing the science and technology market?
The Government adjusts the title of Section D Part II of the Action Program on developing the science and technology market linked to improving the business environment.
When will Decree No. 64/2002/ND-CP be amended and supplemented?
The Government will amend and supplement Decree No. 64/2002/ND-CP on converting state-owned enterprises into Joint Stock Companies in the second quarter of 2004.
How many large holding companies will be piloted for shareholding?
The Government will pilot the shareholding of one to two large holding companies in the third quarter of 2004.
Full text
Pursuant to …;
Regarding the adjustment of certain contents of the Action Programof the Governmentto implement the Resolution of the 9th Plenary Session of the Central Committee of the Communist Party of Vietnam, Term IXissued together with Decision No. 51/2004/QĐ-TTgdated March 31, 2004March 31, 2004
________________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Considering the proposal of the Minister, Head of the Government Office,
DECISION:
Article 1. Adjusting certain contents of the Action Program of the Government to implement the Resolution of the 9th Plenary Session of the Central Committee of the Communist Party of Vietnam, Term IX issued together with Decision No. 51/2004/QĐ-TTg dated March 31, 2004 (referred to as the Action Program) as follows:
1. Adjusting Point d, Item 4, Part I of the Action Program as follows:
"d) The proposal on the financial mechanism when transferring state-owned enterprises holding 100% capital to operate under the limited liability company form; at the same time, piloting the shareholding reform of one to two large corporations in the third quarter of 2004."
2. Adjusting Point 3, Item A, Part II of the Action Program as follows:
"3. The Ministry of Finance shall promptly complete the proposal for establishing a State Investment Financial Company and coordinate with the Ministry of Home Affairs to study the proposal on the state management agency to uniformly and effectively perform the function of representing the state's ownership in enterprises across all sectors of the national economy. First, piloting the establishment of a financial company in some localities with many enterprises undergoing shareholding reform (second quarter of 2004)."
3. Adjusting the title of Item D, Part II of the Action Program as follows:
"D. Promoting the science and technology market development linked to improving the business environment."
4. Adjusting Point 3 (the first bullet point) of the Appendix of the Action Program as follows:
|
Serial Number |
Content of work |
Forms |
Completion Time |
|
- The financial mechanism when transferring state-owned enterprises holding 100% capital to operate under the limited liability company form |
Project |
Third Quarter 2004 |
5. Adjusting Point 3 (the fourth bullet point) of the Appendix of the Action Program as follows:
|
Serial Number |
Content of work |
Forms |
Completion Time |
|
- Amending and supplementing Decree No. 64/2002/NĐ-CP on converting state-owned enterprises into joint-stock companies to link the shareholding reform of state-owned enterprises with listing on the stock exchange |
Decree |
Second Quarter 2004 |
6. Adjusting Point 3 (the fifth bullet point) of the Appendix of the Action Program as follows:
|
Serial Number |
Content of work |
Forms |
Completion Time |
|
- Completing the proposal for establishing a State Investment Financial Company and coordinating with the Ministry of Home Affairs to study the proposal on the state management agency to uniformly and effectively perform the function of representing the state's ownership in enterprises across all sectors of the national economy. First, piloting the establishment of a State Investment Financial Company in some localities with many enterprises undergoing shareholding reform |
Project |
Second Quarter 2004 |
7. Adjusting Point 3 (the ninth bullet point) of the Appendix of the Action Program as follows:
|
Serial Number |
Content of work |
Forms |
Completion Time |
|
- Implementing the pilot shareholding reform of one to two large corporations. |
Third Quarter 2004 |
12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentThis Decision takes effect 15 days from the date of publication in the Official Gazette; it replaces the relevant contents in the Action Program of the Government to implement the Resolution of the 9th Plenary Session of the Central Committee of the Communist Party of Vietnam, Term IX issued together with Decision No. 51/2004/QĐ-TTg dated March 31, 2004 of the Prime Minister that are inconsistent with this Decision.
Article 3. The Ministers, Heads of ministerial-level agencies, Heads of government agencies, and Chairpersons of provincial People's Committees and municipal People's Committees directly under the Central Government are responsible for enforcing this Decision./.
|
PRIME MINISTER
(Signed)
Phan Van Khai
|
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