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THE
PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC
OF VIET NAM
Independence -
Freedom - Happiness
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No.196/2006/QD-TTg
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Hanoi, August
29, 2006
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DECISION
APPROVING THE
SCHEME ON TRANSFORMING THE VIETNAM CEMENT CORPORATION INTO ONE OPERATING AFTER
THE PARENT - SUBSIDIARY COMPANY MODEL
THE PRIME MINISTER
Pursuant to the Law on Organization of the
Government dated December 25, 2001;
Pursuant to Law on State Enterprises dated November 26, 2003;
Pursuant to Law on Enterprises dated November 29, 2005;
Pursuant to Decree No. 153/2004/ND-CP dated August 9, 2004 of the Government on
the organization and management of the State corporations and the
transformation of the State corporations and independent State companies into
ones operating after the parent - subsidiary company model;
At the proposal of the Management Board of the Vietnam Cement Corporation,
DECIDES:
To approve the Scheme on transforming the Vietnam
Cement Corporation into one operating after the parent - subsidiary company
model as follows:
1. The parent company - Vietnam Cement
Corporation:
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The parent company shall be formed on the basis
of reorganizing the Office of the Vietnam Cement Corporation and Hoang Thach
Cement Company. The parent company shall have responsibility to inherit the
legitimate rights and obligations of the Vietnam Cement Corporation according
to law provisions.
The management apparatus of the parent company
includes: a Management Board, an Inspectorate, a General
Director, deputy general directors, a chief accountant and an
assistant apparatus.
2. Subsidiary companies include:
a) Companies equitized in 2006-2010 and
companies where the parent company holds dominant shares: 10 companies:
- Ha Tien 1 Cement Company (shall be equitized
in 2006);
- Da Nang Construction Materials and Assemble
Company (shall be equitized in 2006);
- Cement Materials and Technical Company (shall
be equitized in 2006);
- Hai Van Cement Company (shall be equitized in
2007);
- Ha Tien 2 Cement Company (shall be equitized
in 2008);
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- The Cement Investment, Development and
Consulting Company (shall be equitized in 2008);
- Hoang Mai Cement Company (shall be equitized
in 2009);
- Tam Diep Cement Company (shall be equitized in
2009);
- Hai Phong Cement Company (shall be equitized
in 2010).
b) Subsidiary companies, where the parent
company holds controlling shares and capital: 12 companies:
- But Son Cement Joint Stock Company;
- Bim Son Cement Joint Stock Company;
- The Materials Transport Cement Joint Stock
Company;
- The Cement Gypsum Joint Stock Company;
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- But Son Cement Packing Joint Stock Company;
- Ha Tien Transportation Joint Stock Company;
- Hoa Phat Construction Stone Joint Stock
Company;
- Hai Phong Transportation Service and Trading
Joint Stock Company;
- Hai Phong Cement Packing Joint Stock Company;
- Hoang Thach Transportation Service and Trading
Joint Stock Company;
- Ha Tien – Kien Giang Cement Packing Joint Venture
Company;
c) To establish cement mechanical and assembling
joint stock companies on the basis of concentration of mechanical and
assembling capabilities of the cement companies belong to the Corporation.
3. Associated companies where the parent company
contributes under 50% of the charter 8
companies:
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+ Hai Phong Chinfon Cement Joint Venture
Company;
+ Nghi Son Cement Joint Venture Company;
+ Holcim Vietnam Cement Joint Venture Company;
+ Lafarge Vietnam Concrete Company Limited.
- 4 domestic joint stock companies:
+ Dong Nai Construction Materials and Covering
Joint Stock Company;
+ Hoang Thach Cement Packing Joint Stock
Company;
+ Ha Tien 2 - Can Tho Cement Joint Stock
Company;
+ Song Da 12
Joint Stock Company.
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- The Cement
Technical College;
- The Cement
Training Center;
- The Functions Rehabilitating Center.
5. The supplementation of subsidiary companies,
associated companies, non-business units and the Management Board of the
Vietnam Cement Corporation shall comply with law.
Organization of implementation
1. The Minister of Construction shall:
- Direct and monitor the implementation of this
Decision.
- Decide on transformation of companies
specified in Item a, Point 2, Article 1 of this Decision into joint stock
companies in accordance with current stipulations.
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- Submit to the Ministry of Construction the
Decision on equitization of companies specified in Item a, Point 2, Article 1
of this Decision.
- Set up a Scheme on the establishment of the
Cement Financial Company and submit to the Prime Minister for consideration and
approval.
This Decision takes effect 15 days after its
publication in CONG BAO.
The ministers of Construction, Finance, Planning
and Investment, Labor, War Invalids and Social Affairs, Home Affairs, the
Governor of the State Bank of Vietnam,
the heads of the concerned agencies, the Steering Committee for Enterprise
Renewal and Development and the Management Board of the Vietnam Cement
Corporation shall have to implement this Decision.
FOR THE
PRIME MINISTER
DEPUTY PRIME MINISTER
Nguyen Sinh Hung