Decision No. 86/2005/QĐ-TTg of the Government adjusts the restructuring and modernization plan for state-owned companies under the Vietnam Cement Corporation. The Decision requires the Ministry of Construction to direct the implementation of restructuring and developing into the Vietnam Cement Industry Group. At the same time, the Ministry of Finance guides the financial restructuring and the shareholding reform of cement companies.
Scope of application
Ministry of Construction, Board of Directors of the Vietnam Cement Corporation, Ministry of Finance and related agencies.
Key points
- Board of Directors of the Vietnam Cement Corporation → implement the restructuring and modernization of state-owned companies according to the contents and schedule set out in the Decision.
- Ministry of Construction → direct the restructuring and modernization of state-owned companies under the Vietnam Cement Corporation.
- Ministry of Finance → take the lead and coordinate with relevant agencies to guide the financial restructuring and the shareholding reform of cement companies.
🌐 Social impact of this document
- Positive impact: Developing into the Vietnam Cement Industry Group will enhance the competitive capacity and business efficiency of the cement industry.
- Negative impact: This Decision may cause difficulties in the restructuring and modernization process for state-owned companies under the Vietnam Cement Corporation.
❓ Frequently asked questions
What does the Ministry of Construction need to do?
The Ministry of Construction needs to direct the Board of Directors of the Vietnam Cement Corporation to implement the restructuring and modernization of state-owned companies according to the contents and schedule set out in this Decision.
What is the effective date of the Decision?
The Decision takes effect 15 days after its publication in the Official Gazette.
What tasks will the Ministry of Finance undertake?
The Ministry of Finance will take the lead and coordinate with relevant agencies to guide the financial restructuring of cement companies and the shareholding reform of cement factories.
What is the objective of the Vietnam Cement Corporation in this Decision?
The objective is to develop into the Vietnam Cement Industry Group with main business activities in cement, construction materials, and construction machinery.
When does the Decision take effect?
The Decision takes effect 15 days after its publication in the Official Gazette.
Full text
Pursuant to …;
Regarding the adjustment of the restructuring and modernization plan for state-owned enterprises under the Vietnam Cement Corporation under the Vietnam Cement Corporation总公司下属的越南水泥公司
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 enterprises and independent accounting subsidiaries under state-owned corporations;
Considering the proposal of the Ministry of Construction and the Board of Directors of the Vietnam Cement Corporation,
DECISION:
Article 1. Adjust the restructuring and modernization plan for state-owned enterprises under the Vietnam Cement Corporation as set out in the annex.
Article 2. The Minister of Construction:
1. Directs the Board of Directors of the Vietnam Cement Corporation to implement the restructuring and modernization of state-owned enterprises under the Vietnam Cement Corporation in accordance with the contents and schedule specified in this Decision.
2. Directs the Vietnam Cement Corporation to finalize the plan for forming a parent company - subsidiary structure to develop into the Vietnam Cement Industry Group with main business activities in cement, construction materials, and construction machinery, and submit it to the Prime Minister for approval in the third quarter of 2005.
Article 3. The Ministry of Finance shall take the lead and coordinate with relevant agencies to guide the financial restructuring of the following cement companies: Hoang Mai, Tam Diep, Hai Phong, and guide the privatization of cement factories in compliance with current regulations and to achieve the highest efficiency.
Article 4. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Minister of Construction, the Board of Directors of the Vietnam Cement Corporation, and the heads of relevant agencies are responsible for implementing this Decision./.
DEPUTY PRIME MINISTER
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