Decision No. 88/2005/QĐ-TTg adjusts the Plan for Reorganizing certain companies under Vietnam Chemicals Corporation until 2006, directing the Ministry of Industry to implement reorganization and renovation of state-owned enterprises directly under the Corporation according to the approved schedule.
Scope of application
Minister of Industry; Board of Directors, General Director of Vietnam Chemicals Corporation and Heads of relevant agencies.
Key points
- Minister of Industry → directs the implementation of reorganization and renovation of state-owned enterprises directly under Vietnam Chemicals Corporation according to the content and schedule approved in Decision No. 183/QĐ-TTg dated February 19, 2003 and this Decision.
- Minister of Industry → directs Vietnam Chemicals Corporation to review and continue selling state shares in joint-stock companies with capital from the Corporation.
- Minister of Industry → directs Vietnam Chemicals Corporation to develop a Proposal to shift to a holding company-subcompany model as prescribed by law, to be submitted to the Prime Minister in the third quarter of 2005.
🌐 Social impact of this document
- Positive impact: Enhance management efficiency and operations of Vietnam Chemicals Corporation through reorganization and renovation.
- Negative impact: May cause short-term instability due to organizational model changes.
❓ Frequently asked questions
What tasks does the Minister of Industry need to perform?
The Minister of Industry needs to direct the implementation of reorganization and renovation of state-owned enterprises directly under Vietnam Chemicals Corporation according to the content and schedule approved in Decision No. 183/QĐ-TTg dated February 19, 2003 and this Decision; direct the review and continue selling state shares in joint-stock companies with capital from the Corporation; and develop a Proposal to shift to a holding company-subcompany model as prescribed by law, to be submitted to the Prime Minister in the third quarter of 2005.
When does this Decision take effect?
This Decision takes effect 15 days after its publication in the Official Gazette.
What actions does Vietnam Chemicals Corporation need to undertake pursuant to this Decision?
Vietnam Chemicals Corporation needs to review and continue selling state shares in joint-stock companies with capital from the Corporation; and develop a Proposal to shift to a holding company-subcompany model as prescribed by law, to be submitted to the Prime Minister in the third quarter of 2005.
To which companies does this Decision apply?
This Decision applies to certain companies under Vietnam Chemicals Corporation until 2006, specifically state-owned enterprises directly under the Corporation.
What is the deadline for implementing the Proposal to shift to a holding company-subcompany model?
The deadline for implementing the Proposal to shift to a holding company-subcompany model is the third quarter of 2005, as required by this Decision.
Full text
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PRIME MINISTER |
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SOCIALIST REPUBLIC OF VIETNAM |
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Number: 88/2005/QĐ-TTg |
Hanoi, April 28, 2005 |
Pursuant to …;
Regarding the adjustment of the Plan for the reorganization of certain companies
under the Vietnam Chemicals Corporation until 2006
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the State Enterprise Law on November 26, 2003;
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 corporations;
Considering the proposal of the Board of Directors of the Vietnam Chemicals Corporation.
DECISION:
Article 1. Adjust the Plan for the reorganization of certain companies under the Vietnam Chemicals Corporation until 2006 as set out in the attached annex.
Article 2. The Minister of Industry shall be responsible;
1. To direct the implementation of the reorganization and renovation of state-owned enterprises directly under the Vietnam Chemicals Corporation in accordance with the content and schedule approved in Decision No. 183/QĐ-TTg dated February 19, 2003 and this Decision.
2. To direct the Vietnam Chemicals Corporation to review and continue selling state shares in joint-stock companies with capital from the Corporation based on Decision No. 155/2004/QĐ-TTg dated August 24, 2004 of the Prime Minister.
3. To direct the Vietnam Chemicals Corporation to develop a Proposal to convert the Vietnam Chemicals Corporation to operate under the holding company-subcompany model as prescribed by law, to be submitted to the Prime Minister in the third quarter of 2005.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Minister of Industry; the Board of Directors, General Director of the Vietnam Chemicals Corporation, and Heads of relevant agencies shall be responsible for implementing this Decision.
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DEPUTY PRIME MINISTER DEPUTY PRIME MINISTER (Signed) Nguyen Tan Dung |
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