Circular No. 9325/BTC-TCDN regarding the implementation of Decision No. 151/2005/QĐ-TTg dated June 20, 2005 of the Prime Minister

LETTER

OF THE MINISTRY OF FINANCE DECREE NO. 9325/BTC-TCDN DATED JULY 22, 2005 REGARDING IMPLEMENTATION OF PRIME MINISTER’S DECISION No. 151/2005/QĐ-TTg
DATE OF THE PRIME MINISTER

To: - Ministries, ministerial-level agencies, and government-affiliated agencies

- People's Committees of provinces and centrally governed cities

On June 20, 2005, the Prime Minister issued Decision No. 151/2005/QĐ-TTg regarding the establishment of the State Capital Investment Corporation (effective from the date of issuance). In the near future, the Ministry of Finance will issue mechanisms and organize training to guide the transfer of ownership rights for state capital invested in enterprises from ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, and centrally governed city People's Committees to the State Capital Investment Corporation as decided by the Prime Minister. During the period before transferring ownership rights for state capital invested in enterprises to the State Capital Investment Corporation, to ensure the normal operation of enterprises, the Ministry of Finance requests:

1. Ministries, ministerial-level agencies, and government-affiliated agencies temporarily suspend the transfer of representative ownership rights for state capital at independent state-owned companies established by ministries or sectors that have been fully corporatized to the Ministry of Finance, in preparation for transferring them to the State Capital Investment Corporation.2. Ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, and centrally governed city People's Committees continue to exercise representative ownership rights for state capital invested in enterprises according to the provisions of Government Decree No. 199/2004/NĐ-CP dated December 3, 2004 on financial management regulations for state-owned companies and management of state capital invested in other enterprises until the transfer of representative ownership rights for state capital invested in enterprises to the State Capital Investment Corporation is completed. Matters such as transferring, purchasing, selling, increasing or decreasing...state capital invested in enterprises during this period should be reported to the Ministry of Finance for coordination and resolution according to the provisions of Government Decree No. 199/2004/NĐ-CP.

3. Ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, and centrally governed city People's Committees should prepare documents and other relevant issues concerning ownership rights for state capital invested in enterprises to transfer to the State Capital Investment Corporation after receiving guidance from the Ministry of Finance.

The Ministry of Finance requests ministries, ministerial-level agencies, government-affiliated agencies, provincial People's Committees, and centrally governed city People's Committees to cooperate in organizing implementation to ensure the establishment of the State Capital Investment Corporation according to the Prime Minister’s decision.

The transfer, purchase and sale, increase or decrease... of the state's capital investment in enterprises during this period shall be reported to the Ministry of Finance for coordination in resolution according to the provisions set forth in Decree No. 199/2004/NĐ-CP. 3. Ministries, ministerial-level agencies, government-affiliated agencies, People's Committees of provinces and centrally-administered cities shall prepare documents, materials, and other issues related to state ownership rights over capital investments in enterprises for transfer to the State Capital Investment and Business Corporation after receiving guidance from the Ministry of Finance.

The Ministry of Finance requests Ministries, ministerial-level agencies, government-affiliated agencies, People's Committees of provinces and centrally-administered cities to cooperate in organizing implementation to ensure the establishment of the State Capital Investment and Business Corporation according to the Prime Minister’s Decision.

The Ministry of Finance requests that the ministries, ministerial-level agencies, government-affiliated agencies, People's Committees of provinces and centrally governed cities coordinate to organize and implement the establishment of the State Capital Investment and Business Corporation in accordance with the Prime Minister's Decision.