Decision No. 94/2005/QD-TTg Approving the Scheme for Reorganizing and Modernizing State-Owned Enterprises under the People's Committee of Hanoi City

DECISION

Approving the plan for restructuring and modernizing state-owned enterprises under the People's Committee of Hanoi City

under the People's Committee of Hanoi City

 

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 People's Committee of Hanoi City (Circular No. 18/BC-UB dated April 4, 2005),

 

DECISION:

 

Article 1. Approves the plan for restructuring and modernizing state-owned enterprises under the People's Committee of Hanoi City as set out in the attached Appendix.

Article 2. The Chairman of the People's Committee of Hanoi City shall be responsible for directing:

- Implementing the restructuring and modernization of directly subordinate state-owned enterprises in accordance with the approved content and schedule.

Transfer the Hanoi Investment and Development Corporation, the Hanoi Import-Export and Production Joint Stock Company, the Vietnam Ha Production, Business and Service Investment Company, and the Hanoi Clean Water Trading Company to operate under the parent company-subcompany model.

- Restructuring the Soc Son Forest Farm in accordance with Decree No. 200/2004/NĐ-CP dated December 3, 2004 on restructuring, modernizing, and developing state-owned forest farms.

Article 3. The Ministries of Finance, Planning and Investment, Labor, Invalids and Social Affairs, Home Affairs, and other relevant ministries shall be responsible for coordinating with the People's Committee of Hanoi City in implementing this plan in accordance with current regulations.

The Steering Committee for Enterprise Renewal and Development is responsible for urging, guiding, and monitoring the implementation of this plan, and at the same time recommending to

Article 4. This Decision takes effect 15 days after its publication in the Official Gazette. Previous Decisions that conflict with this Decision are hereby abolished.

The Chairman of the People's Committee of Hanoi City and heads of related agencies are responsible for enforcing this Decision./.

ANNEX LIST OF STATE ENTERPRISES UNDER THE PEOPLE'S COMMITTEE OF HANOI CITY TO BE RESTRUCTURED AND MODERNIZED IN 2005 AND 2006

 

SUBORDINATE TO THE PEOPLE'S COMMITTEE OF HANOI CITY

IMPLEMENTING REORGANIZATION AND MODERNIZATION IN 2005 AND 2006

(Issued together with Decision No. 94/2005/QĐ-TTg dated May 5, 2005)

of the Prime Minister)

A. RESTRUCTURING SUBSIDIARIES OF STATE CORPORATION GROUPS:

I. Hanoi Investment and Development Corporation

1. Establish a parent company based on reorganizing the Corporation's Office and merging the Hanoi Import-Export and Construction Investment Company into it.

2. Shareholding reform:

a) Shareholding reform, State retains controlling shares:

Hanoi Investment and Development Corporation No. 25.

b) Shareholding reform, State retains low-level shares or does not retain shares:

- Hanoi Construction Investment Company,

- Hanoi Construction Investment Company No. 2,

- Anh Nghe Construction Investment and Business Company,

- Hanoi Housing Service Company,

- Kim Bang Building Materials Production Company,

- Hue General Trade Company,

- Hanoi House Repair and Development Company,

- Nam Ha Construction Consulting Company,

- Hong Ha Construction Company,

- Ninh Binh Installation Company,

- Hanoi Construction Company No. 3.

II. Hanoi Transport Corporation:

1. Shareholding reform, Parent company retains controlling shares:

- Hanoi Parking Point Exploitation Company,

- Hanoi Bus Station Management Company,

- Hanoi Oil and Combustible Fuel Company.

2. Shareholding reform, Parent company retains low-level shares or does not retain shares:

- Hanoi Sea Transport Company,

- Hanoi Shipbuilding Company,

- Hanoi Waterway Transport Company.

III. Hanoi Urban Infrastructure Investment and Development Corporation:

Shareholding reform, Parent company retains low-level shares or does not retain shares:

- Hanoi Industrial Production and Installation Company,

- Thinh Lieu Concrete and Construction Company,

- Cuu Dong Construction and Building Material Production Investment Company,

- Viet Tiep Lock Company,

- Industrial Construction Company,

- Electrical and Water Installation Construction Company,

- Hanoi Construction Company No. 1,

- Hanoi Construction Company No. 5,

- Hanoi Civil Construction Company.

IV. Hanoi Commerce Corporation:

1. Merger:

1. Merger:

- Southern Department Store No. 5 Company, Hanoi Department Store Company into the parent company of Hanoi Commerce Corporation,

- Hanoi General Import-Export and Investment Company into the Hanoi Import-Export and Investment Company,

2. Shareholding reform:

- Cau Long Company into the Hanoi Food Company.

a) Shareholding reform, Parent company retains controlling shares:

- Hanoi Fashion Trade Service Company,

- Trang Thi Trade Service Company,

- Hanoi Agricultural Product Import-Export Production Company,

- Hanoi Thermal Power Company,

- Hanoi Import-Export and Investment Company,

b) Shareholding reform, Parent company retains low-level shares or does not retain shares:

- Hanoi Export-Import and Investment Development Company,

- Hanoi General Trade and Service Company (SERVICO).

V. Hanoi Tourism Corporation:

Shareholding reform, Parent company retains controlling shares:

- Hanoi Trade and Development Investment Company,

- Hanoi Tourism Service Company,

- Thang Long Comprehensive Tourism and Trade Service Company.

B. INDEPENDENT STATE ENTERPRISES:

I. Convert to a single-member state-owned limited liability company:

1. Audio-Visual Company,

2. Urban Lighting and Equipment Company,

3. Thong Nhat Park Company,

4. Hanoi Urban Environment Company,

5. Production and Business Company for Disabled Persons,

6. West Lake Investment and Exploitation Company,

7. Capital Lottery Company,

8. Hanoi Book Distribution Company,

9. Human Resource Supply and International Trade Company,

10. Engineering Machinery Company,

11. Traffic Works III Company,

12. Production and Service Tourism Sports Company,

13. Packaging 27/7 Company,

14. Hanoi Livestock Breeding Company,

15. Seed Production Company,

16. Housing Business Company No. 1,

17. Hanoi Publishing House,

18. Hanoi Drainage Company,

19. Hanoi Zoo,

20. Production and Business Orthopedic Tools Company,

21. Dong Anh Hydraulic Works Exploitation Company,

22. Hanoi Film Company,

23. Hanoi Land Administration Company,

24. Youth Industry Investment Company,

25. Hanoi Plastic Company,

26. Minh Khai Textile Company,

27. Thong Nhat Electric Machinery Company,

28. Thượng Đình Shoe Company,

29. Thong Nhat Motorcycle and Bicycle Company,

30. Dong Anh Chain Company,

31. Survey and Measurement Company.

II. Merge into another enterprise:

1. From Liem Hydraulic Works Exploitation Company, Gia Lam Hydraulic Works Exploitation Company, Soc Son Hydraulic Works Exploitation Company, and Thanh Tri Hydraulic Works Exploitation Company into Dong Anh Hydraulic Works Exploitation Company,

2. Gia Lam Agricultural Production and Service Company and Thanh Tri Agricultural Service Company into Seed Production Company,

3. Gia Lam Catering and Hotel Company into Hanoi Investment and Development Corporation No. 25.

4. Company 2 for Housing Business, Company 3 for Housing Business into Company 1 for Housing Business,

5. Company 2 for Clean Water Business into Hanoi Clean Water Business Company.

III. Corporatization:

a) Shareholding reform, State retains controlling shares:

1. Hanoi Radio and Television Service Company,

2. Thanh Xuan Company,

3. Agricultural Investment and Construction Development Company,

4. Books and School Equipment Company

b) Shareholding reform, State retains low-level shares or does not retain shares:

1. Thang Long Knitwear Company,

2. Winter Woolen Textile Company,

3. Ngoc Ha Shoes Company,

4. Truc Bach Shoes Company,

5. Hanoi Chemical Paint Company,

6. Electrical Equipment Company,

7. Dong Thanh Company,

8. Construction Machinery for Irrigation Projects Company,

9. Agricultural Construction and Development Company,

10. Import-Export and Agricultural Forestry Construction Company,

11. Dong Thap Mechanical Company,

12. Soc Son Catering and Tourism Service Company.

IV. Transfer to the workforce of the enterprise:

1. Service Import-Export and Trade Company,

2. Agricultural Service Soc Son Company.

V. Dissolution:

1. Hanoi Trade and Investment Company,

2. Electrical Engineering Communication Company,

3. Grain Trading Store 60 Ngo Thi Nham Street.

VI. Bankruptcy.

Soc Son Agriculture Forestry Fishery and Service Development Company.

C. TOTAL NUMBER OF ENTERPRISES TO BE REORGANIZED: 111 enterprises,

Where:

1. Converted to state-owned joint stock company with one member: 32 enterprises,

2. Transferred to operate under the parent company - subsidiary model: 04 enterprises,

3. Merged into another enterprise: 15 enterprises,

4. Corporatized: 53 enterprises, of which the State retains controlling shares: 15 enterprises,

5. Reorganized according to Decree No. 200/2004/NĐ-CP dated December 3, 2004: 01 enterprise,

6. Transferred to the workforce of the enterprise: 02 enterprises,

7. Dissolved: 03 enterprises,

8. Bankrupt: 01 enterprise.

D. REORGANIZATION TIMELINE:

1. Converted to state-owned joint stock company with one member in 2005: 17 enterprises, in 2006: 15 enterprises.

2. Transferred to operate under the parent company - subsidiary model: in 2005: 4 enterprises,

3. Merged: in 2005: 12 enterprises, in 2006: 03 enterprises,

4. Reorganized according to Decree No. 200/2004/NĐ-CP dated December 3, 2004: in 2006: 01 enterprise,

5. Corporatized: in 2005: 34 enterprises, in 2006: 19 enterprises,

Of which: The State retains controlling shares in 15 enterprises: in 2005: 10 enterprises, in 2006: 05 enterprises,

6. Transferred to the workforce of the enterprise: in 2005: 02 enterprises,

7. Dissolved: in 2005: 03 enterprises,

8. Bankrupt: in 2005: 01 enterprise.