Decision No. 99/2004/QĐ-TTg approves the Project to establish Hanoi Tourism Corporation for pilot operation under the holding company-subcompany model, with the aim of developing the tourism industry. The holding company is a state-owned enterprise formed from the merger of other travel companies, while subcompanies include both limited liability companies and joint-stock companies.
Key points
- The holding company - Hanoi Tourism Corporation is a state-owned enterprise formed through the merger of Hanoi Travel Company, Hoàng Long Company, Cổ Loa Travel and Trade Joint Stock Company, and Hai Duong Travel and Trade Company.
- Subcompanies include: wholly owned limited liability company (100% charter capital), two-member limited liability company, and joint-stock company.
- Hanoi Tourism Corporation operates under the holding company-subcompany model, conducting business accounting and investing capital in subcompanies and other companies.
- The Chairman of the People's Committee of Hanoi City is responsible for implementing the Project and this Decision.
- This Decision takes effect fifteen days after its publication in the Official Gazette.
🌐 Social impact of this document
- To create momentum for the development of the tourism industry through the merger of travel companies, enhancing scale and operational efficiency.
- To make Hanoi Tourism Corporation the leading enterprise in the development of the tourism industry in the capital city and throughout the country.
❓ Frequently asked questions
Who is the holding company?
The holding company - Hanoi Tourism Corporation is formed through the merger of Hanoi Travel Company, Hoàng Long Company, Cổ Loa Travel and Trade Joint Stock Company, and Hai Duong Travel and Trade Company.
What types of subcompanies are included?
Subcompanies include: wholly owned limited liability company (100% charter capital), two-member limited liability company, and joint-stock company.
How does Hanoi Tourism Corporation operate?
Hanoi Tourism Corporation operates under the holding company-subcompany model, conducting business accounting and investing capital in subcompanies and other companies.
Who is responsible for implementing the Project?
The Chairman of the People's Committee of Hanoi City is responsible for implementing the Project and this Decision.
When does the Decision take effect?
This Decision takes effect fifteen days after its publication in the Official Gazette.
Full text
Pursuant to …;
Regarding the establishment of Hanoi Tourism Corporation Approving the project to establish the Urban Infrastructure Investment and Development Corporation for pilot operation under the holding company-subcompany model, engaging in diversified business sectors with the main sector being urban infrastructure investment and development, contributing to effectively implementing the urban development plan until 2010 with consideration up to 2020 of Hanoi City.
_____________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the State Enterprise Law on April 20, 1995;
Pursuant to the Enterprise Law dated June 12, 1999;
Considering the proposal of the People's Committee of Hanoi City,
DECISION:
Article 1. Approving the Project on the establishment of Hanoi Tourism Corporation to pilot operations under the holding company - subsidiary model, engaging in diversified industries with tourism as the main industry, contributing to effectively implementing the national tourism development plan until 2010 with consideration for 2020.
1. The holding company - Hanoi Tourism Corporation is a state-owned enterprise formed based on restructuring Hanoi Tourism Company and Hoang Long Company, Hanoi Tourism and Commerce Co., Ltd., Hai Duong Tourism and Commerce Company merging into it.
2. Subsidiaries are limited liability companies with one member, limited liability companies with two members, joint-stock companies in which the holding company holds controlling equity, including:
a) Limited liability companies with one member where the holding company holds 100% of the charter capital:
- Hanoi Trade and Development Investment Company,
- Thang Long Tourism and Comprehensive Trade Joint Stock Company (including Hanoi Tourism and Commerce Company and Dong Da Tourism and Commerce Company merged according to Decision No. 86/2003/QĐ-TTg dated May 7, 2003 of the Government Prime Minister).
b) Limited liability companies with two members:
- Hanoi Trade and Development Investment Company (including Youth Tourism and Commerce Company merged according to Decision No. 86/2003/QĐ-TTg dated May 7, 2003 of the Government Prime Minister).
the Government Prime Minister).
c) Joint-stock companies:
3. Other companies with capital contributions from the holding company:
- Hanoi Capital Tourism and Commerce Joint-Stock Company.
- Sofitel Metropole Joint-Stock Company.
- Phu Gia Hotel Joint-Stock Company,
- Ho Tay Unity Village,
- Dong方/Instruction
4. Hanoi Tourism Corporation operates under the holding company - subsidiary model, implementing accounting and investment in subsidiaries and other companies according to the Articles of Organization and Operation and Pilot Financial Regulations approved by competent state authorities.
Article 2. Assignment of Tasks:
1. The Minister of Finance approves the financial regulations of Hanoi Tourism Corporation based on the proposal of the People's Committee of Hanoi City.
2. Chairman of the People's Committee of Hanoi City:
- Directing the implementation of the Project; Deciding the establishment of the holding company; the subsidiaries mentioned in Article 1 of this Decision according to current regulations. Actively developing additional subsidiaries with the equity contribution of the holding company to gradually transform Hanoi Tourism Corporation into a larger-scale enterprise, fulfilling its leading role in the development of the tourism industry in the capital and nationwide.
- Proposes the Prime Minister to approve the Articles of Organization and Operation of the holding company.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the People's Committee of Hanoi City, Ministers of Finance, Planning and Investment, Home Affairs, Labor, Invalids and Social Affairs, Governor of the State Bank of Vietnam, General Administration of Tourism and relevant agencies are responsible for enforcing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
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