Decision No. 98/2005/QĐ-TTg On approving the adjustment plan for the restructuring and modernization of state-owned companies under the Ministry of National Defense

Decision No. 98/2005/QĐ-TTg approves the adjustment plan for the restructuring and modernization of state-owned companies under the Ministry of National Defense from 2005 to 2006. This decision applies to state-owned enterprises under the Ministry of National Defense and specifies details regarding the process of shareholding, merger, bankruptcy, and transformation of business models.

Document No.98/2005/QĐ-TTg
Document typeDecision
Issuing authorityMinistry of National Defense
Signed byNguyễn Tấn Dũng — Phó Thủ tướng
Updated29/06/2026
FieldUncategorized
Issued date09/05/2005
Effective date01/06/2005
Expiry date
StatusIn effect
✦ Smart summary

Decision No. 98/2005/QĐ-TTg approves the adjustment plan for the restructuring and modernization of state-owned companies under the Ministry of National Defense from 2005 to 2006. This decision applies to state-owned enterprises under the Ministry of National Defense and specifies details regarding the process of shareholding, merger, bankruptcy, and transformation of business models.

Scope of application

State-owned companies under the Ministry of National Defense

Key points

  • The Minister of National Defense must direct the restructuring and modernization of companies in accordance with the approved content and transfer them to other forms if they cannot be listed.
  • Classify and restructure defense and security enterprises in accordance with the provisions of Decree No. 31/2005/NĐ-CP.
  • Develop a proposal to transform the Thanh An Corporation, Saigon New Port Company, and Company 28 into a holding company-subcompany model to be submitted to the Prime Minister in the third quarter of 2005.
  • List 19 enterprises, merge 1 enterprise, declare bankruptcy for 2 enterprises, and transform the business model for 3 enterprises.
  • This Decision shall take effect fifteen days after its publication in the Official Gazette.

🌐 Social impact of this document

  • Positive impact: Enhance the management efficiency and economic development of state-owned companies under the Ministry of National Defense.
  • Negative impact: May cause difficulties in the process of transforming the business model for some enterprises.

❓ Frequently asked questions

Which companies will be listed?

Nineteen state-owned companies under the Ministry of National Defense will be listed, including the Dong Nai Investment Company, the Seventh Textile Garment Company, and other companies.

Which company will be merged?

One enterprise will be merged: Military Newspaper Printing Plant 2 will be merged into Military Newspaper Printing Plant 1.

Which companies will go bankrupt?

Two state-owned companies under the Ministry of National Defense will go bankrupt: Company 89 and Hong River Company.

Which companies will change their business model to a holding company-subcompany structure?

Three companies will change their business model: Thanh An Corporation, Saigon New Port Company, and Company 28.

When does this Decision take effect?

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

Full text

PRIME MINISTER

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 98/2005/QĐ-TTg
Hanoi, May 9, 2005

Pursuant to …;

Regarding the approval of the plan to adjust the restructuring and renewal of state-owned enterprises under the Ministry of National Defense

, reform state-owned enterprisesunder the Ministry of National Defense

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;

Upon the proposal of the Minister of National Defense,

DECISION:

Article 1. Approves the plan to adjust the restructuring and renewal of state-owned enterprises under the Ministry of National Defense for 2005-2006, as set forth in the attached Appendix.

Article 2. The Minister of National Defense shall be responsible for:

1. Directing the restructuring and renewal of state-owned enterprises under the Ministry in accordance with the approved content. For businesses that cannot be equitized, take the initiative to restructure them through other appropriate forms.

2. Classify and reorganize defense and security enterprises listed in Point I.1, Section I of the attached Appendix in accordance with the provisions of Government Decree No. 31/2005/NĐ-CP dated March 11, 2005 on production and supply of public goods and services and report. The Prime Minister.

3. Develop a proposal to convert the General Corporation Thanh An, Tan Cang Sai Gon Company, and Company 28 to operate under the holding company-subcompany model 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 Ministers of National Defense, Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, and heads of relevant agencies are responsible for implementing this Decision./.

 

DEPUTY PRIME MINISTER

DEPUTY PRIME MINISTER

 

(Signed)

 

Nguyen Tan Dung

ANNEX

LIST OF STATE ENTERPRISES DIRECTLY UNDER
MINISTRY OF NATIONAL DEFENSE IMPLEMENTS RESTRUCTURING AND RENEWAL IN 2005-2006
Issued together with Decision No. 98/2005/QĐ-TTg

(dated May 9, 2005 of the Prime Minister
dated May 9, 2005, of the Prime Minister
)

 

I. State-owned enterprises retaining 100% state capital: 102 enterprises.

I.1. Defense and security enterprises: 71 enterprises

1. Economic Zone 778,

2. Dong Hai Company,

3. Company 7/5,

4. Company 756,

5. Company 49,

6. Z755 Electronics Information Factory,

7. M1 Information Factory,

8. M3 Information Factory,

9. Hai Long Company,

10. Hai Binh Company,

11. Hai Khanh Company,

12. Hai Son Company,

13. Hai Minh Company,

14. Company 128,

15. Trau Sang Seafood Company,

16. Electrical Machinery Factory 19,

17. Electrical and Electronic Workshop 31,

18. Company 34 Electrical and Pressure Equipment,

19. Workshop 38,

20. A45 Electronic Equipment Company,

21. Helicopter Repair Company,

22. Aircraft Repair Company A41,

23. Son Hai Company,

24. Survey and Mapping Company,

25. Van Xuc Import-Export General Trading Company (VAXUCO),

26. QDND Newspaper Printing Factory 1,

27. Military Printing Factory,

28. Z751 Combined Workshop,

29. Chien Thang Company,

30. Mechanical and Electromechanical Company,

31. Mechanical Factory 133,

32. High Technology Application Company,

33. Military Oil Company,

34. Military Pharmaceutical and Medical Equipment Company,

35. Military Investment and Development Housing and Urban Company,

36. Precision Mechanical Factory 11,

37. Chemical Mechanical Company 13,

38. Electrical Chemical Company 15,

39. Mechanical Company 17,

40. Chemical Company 21,

41. Mechanical Factory 25,

42. Company 27,

43. Precision Mechanical Factory 29,

44. Electrical Tool Factory 43,

45. Electro-Mechanical and Explosive Materials Company 31,

46. Rubber Factory 75,

47. Chemical Company 76,

48. Mechanical Factory 83,

49. Sao Mai Electronics Company,

50. Defense Industry Material Supply Company,

51. Ba Son Combined Workshop,

52. Hong Ha Company,

53. Song Thu Company,

54. Quang Dien, Electronics Company,

55. Economic Cooperation Company,

56. Chemical Factory 95,

57. Southern Company,

58. Company 622,

59. Company 16,

60. Southern Air Service Company under Vietnam Air Service Corporation,

61. Northern Air Service Company under Vietnam Air Service Corporation,

62. Company 53 under Truong Son Construction Corporation,

63. Company 72 under Corporation 15,

64. Company 74 under Corporation 15,

65. Company 75 under Corporation 15,

66. Company 715 under Corporation 15,

67. Company 732 under Corporation 15,

68. Company 78 under Corporation 15,

69. Coffee Company 15 under Corporation 15,

70. Binh Duong Company under Corporation 15,

71. Company 711 under Corporation 15.

I.2. Business operation enterprises: 31 enterprises.

1. Company 621,

2. Construction Company 319,

3. Civil Aviation Construction Company,

4. Lung Lo Construction Company,

5. Hai Thanh Company,

6. Foreign Service Company,

7. Thai Son Company,

8. Company 789,

9. Dong Bac Company,

10. Company 189,

11. Viet Bac Company,

12. Van Tuong Company,

13. Minh Thanh Company,

14. Eastern Region Construction Company,

15. Truong Thanh Company,

16. ELINCO Electronics, Chemical Production and Technical Application Company,

17. Technical Application and Production Company,

18. Survey, Design and Construction Consulting Company,

19. Tourism, Service and Trade Company,

20. Northwest Company,

21. Information Technology Development Company,

22. Dong Tan Company,

23. Civil Aviation Construction Design and Consulting Company under Vietnam Air Service Corporation,

24. Construction Company 384 under Truong Son Construction Corporation,

25. Construction Company 99 under Truong Son Construction Corporation,

26. Company 17 under Truong Son Construction Corporation,

27. Company 532 under Truong Son Construction Corporation,

28. Company 472 under Truong Son Construction Corporation,

29. Construction Company 470 under Truong Son Construction Corporation,

30. Consulting and Survey Design Construction Company under Truong Son Construction Corporation,

31. Construction Company 394 under Thanh An General Corporation.

II. Enterprises to implement equitization: 19 enterprises:

1. Eastern Investment Company,

2. Textile and Garment Company 7,

3. Company 404,

4. Ha Thanh Company,

5. Company 59,

6. Tay Ho Company,

7. Production and Service Company (HACOTA),

8. Company 20,

9. Company 22,

10. Company 26,

11. Company 32,

12. Construction Company 565 under Truong Son Construction Corporation,

13. Construction Company 98 under Truong Son Construction Corporation,

14. Construction Company 386 under Thanh An General Corporation,

15. Construction Company 96 under Thanh An General Corporation,

16. Construction Company 665 under Thanh An General Corporation,

17. Construction Company 56 under Thanh An General Corporation,

18. Komix Fertilizer Production Workshop under Company 16,

19. Airport and Port Construction Workshop under Lung Lo Construction Company.

III. Enterprises to implement merger: 01 enterprise

- Military Newspaper Printing Factory 2 merges with Military Newspaper Printing Factory 1.

IV. Enterprises to implement bankruptcy: 02 enterprises

Company 89,

Red River Company.

V. Enterprises transitioning to operate under the holding company-subsidiary model: three enterprises.

总公司成安,

桑港新公司,

公司28.

VI. Newly established defense and security enterprises:

Company 14 Chemical Machinery.

DEPUTY PRIME MINISTER
DEPUTY PRIME MINISTER
(Signed)
Nguyen Tan Dung
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31/2005/NĐ-CP Nghị định số 31/2005/NĐ-CP Về sản xuất và cung ứng sản phẩm, dịch vụ công ích Expired 32/2001/QH10 Luật Tổ chức Chính phủ số 32/2001/QH10 Expired
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Decision No. 98/2005/QĐ-TTg On approving the adjustment plan for the restructuring and modernization of state-owned companies under the Ministry of National Defense
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