Decision No. 94/2003/QĐ-TTg On the Pilot Transfer of Southern River Transport Corporation to the Holding Company - Subsidiary Company Model

Decision No. 94/2003/QĐ-TTg approves the Pilot Project to transfer Southern River Transport Corporation to the Holding Company - Subsidiary Company model, aiming to reform management organization and enhance production and business capacity. The goal is to create a tight connection between enterprises with legal personality and provide better services for member units.

文号94/2003/QĐ-TTg
文件类型Decision
发布机关Ministry of Construction
签署人Nguyễn Tấn Dũng — Phó Thủ tướng
更新30/06/2026
行业Home Affairs, Transport, Finance, Planning and Investment
领域Uncategorized
发布日期12/05/2003
生效日期11/06/2003
失效日期
状态In effect
✦ 智能摘要

Decision No. 94/2003/QĐ-TTg approves the Pilot Project to transfer Southern River Transport Corporation to the Holding Company - Subsidiary Company model, aiming to reform management organization and enhance production and business capacity. The goal is to create a tight connection between enterprises with legal personality and provide better services for member units.

要点

  • Southern River Transport Corporation will be transferred to the Holding Company - Subsidiary Company model, with the Holding Company being a state-owned enterprise directly carrying out production and business activities and investing capital in Subsidiaries.
  • Subsidiaries are joint-stock companies or limited liability companies with two members or more in which the Holding Company holds controlling shares or capital contributions, independently bearing civil liabilities within the scope of the company's assets.
  • The Ministry of Transport is responsible for implementing the Pilot Project and deciding on the establishment of the Holding Company and Subsidiaries according to current regulations.
  • The Holding Company shall assume the legal rights and obligations of Southern River Transport Corporation.
  • The Ministry of Finance shall approve the Financial Regulations for the Pilot Program of the Holding Company and monitor the implementation of financial management systems, accounting, and financial transparency.

🌐 本文件的社会影响

  • Creating opportunities for member enterprises to develop production capacity and business efficiency.
  • Reducing dependence on administrative management, enhancing autonomy in enterprise operations.

❓ 常见问题

What responsibilities will the Holding Company have?

The Holding Company will directly carry out production and business activities and invest capital in Subsidiaries. At the same time, the Holding Company also bears the responsibility for preserving and developing state capital at the Company and in Subsidiaries.

How will Subsidiaries operate?

Subsidiaries are joint-stock companies or limited liability companies with two members or more in which the Holding Company holds controlling shares or capital contributions. These companies independently bear civil liabilities within the scope of the company's assets.

What will the Ministry of Transport implement?

The Ministry of Transport will direct the implementation of the Pilot Project, decide on the establishment of the Holding Company and Subsidiaries according to current regulations, submit the Charter of Organization and Operation of the Holding Company to the Prime Minister for approval, and monitor the operation of the pilot model.

What will the Ministry of Finance do?

The Ministry of Finance will approve the Financial Regulations for the Pilot Program of the Holding Company and monitor the implementation of financial management systems, accounting, and financial transparency.

When does this Decision take effect?

This Decision takes effect fifteen days after its publication in the Official Gazette.

全文

PRIME MINISTER

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 94/2003/QĐ-TTg
Hanoi, May 12, 2003

Pursuant to …;

Regarding the pilot transfer of the Southern Inland Waterway Transport Corporation to operate under the holding company-subsidiary model

Pilot transfer of the Southern Inland Waterway Transport Corporation under the Ministry of Transport to organize and operate according to the holding company-subsidiary model, with the main contents as follows:

________________

 

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Based on the State Enterprise Law dated April 20, 1995;

Pursuant to the Enterprise Law dated June 12, 1999;

Approve the restructuring plan for the General Corporation of Mechanical Transport Equipment into the General Corporation of Automotive Industry of Vietnam, piloting operations under the holding company-subcompany model, to gradually form the Vietnam Automotive Industry Group.

DECISION:

Article 1. 1. Objective: To pilot the reform of management organization, shifting from administrative linkage between the Corporation and its independent accounting member enterprises to a financial investment mechanism primarily; to create a tight connection, clearly defining rights and responsibilities regarding capital and economic interests among enterprises with legal personality; to provide better information, marketing, sales, supply, research, and training services for member units; to create conditions to enhance production capacity, business efficiency, and competitive ability of the enterprise.

a) The Southern Inland Waterway Transport Corporation will shift to operating under the holding company-subsidiary model as follows:

2. Main contents of the Project:

- Holding company: A state-owned enterprise directly conducting production and business activities and investing capital in subsidiaries; responsible for preserving and developing state capital within the company and in subsidiaries.

The holding company will be formed based on restructuring the Southern Inland Waterway Transport Company, Thu Duc Port, Southern Inland Waterway Import-Export Company, and the General Corporation's office.

The management structure of the holding company includes: Board of Directors, Supervisory Board, General Director, and supporting staff.

- Subsidiaries: Having legal personality, separate assets, names, management structures, and civil liability within the scope of their assets; organized and operated according to relevant legal provisions corresponding to the legal form of subsidiaries.

Subsidiaries are joint-stock companies and limited liability companies with two or more members where the holding company holds controlling shares or contributions.

(List of subsidiaries as attached appendix).

b) The charter capital structure, business sectors of the holding company and subsidiaries; organization and management of the holding company; relationships between the holding company and the state owner and subsidiaries are stipulated in the Charter of the holding company's organizational and operational activities.

c) The holding company is responsible for succeeding all legal rights and obligations of the Southern Inland Waterway Transport Corporation.

The Prime Minister shall address issues that need correction.

Article 2

1. Entrust the Minister of Transport:

a) Direct the implementation of this pilot project.

b) Decide on the establishment of the parent company and subcompanies mentioned in Clause 2, Article 1 of this Decision according to current regulations.

c) Submit for approval to the Prime Minister for approval the Charter of Organization and Operation of the Parent Company.

d) Monitor the operation of this pilot model and report promptly. The Minister of Transport, the Minister of Finance, the Minister of Planning and Investment, the Minister of Home Affairs, and heads of related agencies are responsible for implementing this Decision.

2. Entrust the Minister of Finance to approve the Financial Regulations of the holding company and monitor the implementation of financial management, accounting, and financial transparency systems of the holding company.

Article 3. This Decision shall take effect 15 days from the date of publication in the Official Gazette.

The Minister of Transport, the Minister of Finance, the Minister of Planning and Investment, the Minister of Home Affairs, and the heads of relevant agencies shall be responsible for implementing this Decision.

DEPUTY PRIME MINISTER
VICE-PRESIDENT OF THE GOVERNMENT
(Signed)
Nguyen Tan Dung
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关系图

94/2003/QĐ-TTg
Decision No. 94/2003/QĐ-TTg On the Pilot Transfer of Southern River Transport Corporation to the Holding Company - Subsidiary Company Model
In effect

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