THE
GOVERNMENT
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|
SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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|
No.
50-CP
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Ha
Noi , August 28, 1996
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DECREE
ON THE ESTABLISHMENT, REORGANIZATION, DISSOLUTION AND
BANKRUPTCY OF STATE ENTERPRISES
THE GOVERNMENT
Pursuant to the Law on Organization of the
Government of September 30, 1992;
In order to assure the uniform implementation of the establishment,
reorganization, dissolution and bankruptcy of State enterprises prescribed in
Chapter III of the Law on State Enterprises of April 20, 1995;
At the proposals of the Minister of Planning and Investment and the
Minister-Chairman of the Central Steering Committee for Renewal of Enterprises,
DECREES:
I. THE ESTABLISHMENT OF STATE
ENTERPRISES
Article 1.- Industries and fields
to be given priority consideration in the establishment of State enterprises.
1. The establishment of State enterprises
defined in Article 1 and Article 2 of the Law on State Enterprises shall be
considered when competent State agencies defined in Article 3 and Article 4 of
this Decree deem it necessary for the industries, sectors and fields of
operation where there is need to regulate, guide and boost the growth of the
multi-sector economy along the socialist orientation.
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Article 2.- Statutory
capital needed for the establishment of a State enterprise.
1. The statutory capital at the time of establishing
a State enterprise shall not be less than the total prescribed capital set for
each business line in Appendix No.2 attached to this Decree.
2. The proposer of the establishment of a State
enterprise stipulated in Article 3 must ensure that:
a) The statutory capital at the time of the
proposal to establish the enterprise has been readied;
b) The statutory capital comes from lawful and
clear sources as provided for by the Finance Ministry.
3. The establishment of a State enterprise
without the statutory capital is strictly forbidden. No borrowed capital shall
be included into the statutory capital of a State enterprise.
Article 3.- The
proposer of the establishment of a State enterprise.
1. The Ministers, the Heads of the
ministerial-level agencies, the Heads of the agencies attached to the
Government, the Presidents of the provinces and the cities directly under the
Central Government (provincial level for short), the Managing Boards of the
State Corporations may propose the establishment of State enterprises in line
with the development plan of their respective branches, localities or
Corporations.
2. The Presidents of the People’s Committees of
districts, cities and townships directly under the provincial level may propose
the establishment of public utility enterprises operating in their respective
territories.
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Article 4.- Deciding
the establishment of atSte enterprises.
1. The Prime Minister shall decide the
establishment of State Corporations, enterprises in direct service of defense
and security, enterprises with the statutory capital at the time of
establishment equivalent to the capital of Group A investment projects and
enterprises whose establishment is proposed by the Ministry that manages the
economic and technical branch encompassing their main business lines. After
approving the plan on the establishment of enterprises, the Prime Minister
shall empower a Minister to decide the establishment of a number of
corporations and State enterprises under the Prime Minister’s competence.
2. The Minister in charge of the economic and
technical branch is assigned the responsibility to decide the establishment of
State enterprises whose main business lines come within the economic and
technical branch of this Ministry and whose establishment is proposed by other
Ministers, and of businesses whose establishment is proposed by the provincial
People’s Committees or the Managing Boards of the State Corporations (which are
empowered or assigned to sign the decision of establishment) and public utility
enterprises of his/her own Ministry.
3. The Presidents of the provincial People’s
Committees shall decide the establishment of State enterprises which are
members of the Corporations established by their decision and public utility
enterprises in their respective localities.
Article 5.- Contents
of the plan to establish a State enterprise.
1. The name of the enterprise. Location where the
enterprise is to be built. List of products and services expected to be
undertaken. Market situation or market demand for each kind of these products
and services.
2. Estimated capability of supply of raw
materials, materials, fuel, additive materials and other necessary conditions
for the normal operation of the enterprise after it is established. Projected
raw material areas. Projected labor source and capability of labor recruitment.
3. Projected categories of products or services
and the level of technological equipment.
4. Design capacity. Possibility of exploiting
the design capacity in the first five (5) years after the enterprise starts its
operation.
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6. Schedules of completion of capital
construction, test operation and official operation.
7. Possibility of marketing the products or
services. Expected socioeconomic efficiency of the enterprise.
8. Expected impacts on the environment and
measures for environmental protection.
Article 6.- Dossier
proposing the establishment of a State enterprise.
1. A dossier proposing the establishment of a
State enterprise includes:
a) The application for establishment of the
enterprise;
b) The plan for the establishment of the
enterprise. For enterprises which are established under the authorization of
the Prime Minister as prescribed in Item 1 of Article 4, there must be a
written approval of the Prime Minister of the plan for establishment;
c) The statutory capital and written opinions of
the financial agency on the source and the statutory capital allocated;
d) The draft Statute on the organization and
operation of the enterprise;
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f) The written opinion of the Ministry in charge
of the economic-technical branch about the main business lines; business
licenses for a number of business lines where licenses are required by law.
For a number of business lines defined in
Article 11 of the Corporate Law, there must be the approval of the Prime
Minister.
g) Description of environmental protection
measures;
h) The written opinion of the President of the
provincial People’s Committee on the land-use right and other issues related to
the locality where the enterprise has its head office and sets up its
production establishment(s).
2. In cases of empowerment defined in Article 4,
within 50 days after receiving the Prime Minister�s
written approval of the plan for the establishment of the enterprise, the
proposer must send the full dossier of application to the person empowered by
the Prime Minister to make the decision.
Article 7.- Appraising
the establishment of State enterprises.
1. Depending on the nature, scale and scope of
operation of an enterprise, the person competent to sign the Decision to
establish the enterprise (according to the assignment of responsibilities or
empowered) shall set up an Appraisal Council by using its assisting apparatus
and inviting the participation of specialists with extensive knowledge of the
contents to be evaluated, in order to examine the dossier proposing the
establishment of the enterprise.
2. Contents to be thoroughly examined and
appraised before deciding the establishment of the enterprise:
a) The dossier of proposal must be complete and
valid as provided for in Article 6 of this Decree. If the dossier is not valid,
clear or lacks the necessary information about the establishment of the
enterprise, the Appraisal Council shall ask the proposer to supplement and
complete it;
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c) The statutory capital must correspond with
the scale, business line and field of operation, and be consistent with the
provisions of Article 2 of this Decree;
d) The draft Statute on the organization and
operation of the enterprise must not be contrary to the Law on State
Enterprises and other provisions of law;
e) The location of the head office and the
business site must suit the nature and scope of business, must meet the
necessary conditions of the business needs of the enterprise and must be
approved in writing by the competent State agency in the locality where the
head office and the business and production site are located.
3. Specialists, appointed or invited to the
Appraisal Council to evaluate the dossier, shall exchange their opinions, make
their independent comments in writing and assume the accountability for these
comments. The Chairman of the Appraisal Council shall summarize these comments
and submit them to the person competent to sign the Decision to establish State
enterprises. The principle of majority vote shall not apply to the work of the
Appraisal Council.
4. The person competent to sign the Decision to
establish the State enterprise shall perform fully his/her powers and take
responsibility for the establishment or non-establishment of the proposed State
enterprise.
Article 8.- Time
limit for publicizing the results of the examination for the establishment of a
State enterprise.
1. Within thirty (30) days after receiving the
dossier proposing the establishment of the State enterprise, a competent person
shall consider the dossier, sign the approval decision and ratify the Statute
on the organization and operation of the enterprise. All the decisions to
establish State enterprises must be sent to the Ministry of Planning and
Investment and the Ministry in charge of the economic and technical branch for
monitoring. Within thirty (30) days after receiving the approval, the
appointment of the President and members of the Managing Board (if any) and the
General Director or Director of the enterprise must be completed in accordance
with the provisions of law.
2. In case the proposal is not accepted, the
person competent to decide the establishment of enterprises must reply in
writing to the proposer within the time limit specified in Item 1 of this
Article. For the enterprises whose the plans for establishment have been
approved by the Prime Minister, the person empowered by the Prime Minister to
sign the Decisions must report to the Prime Minister the reason(s) for the
non-acceptance.
Article 9.- Registration
of business.
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2. The business registration must be completed
within sixty (60) days from the date of signing of the Decision to establish
the enterprise. The enterprise shall have the legal person status for undertaking
business activities from the time it obtains the certificate of business
registration.
3. Within forty five (45) days after signing the
Decision to establish the enterprise, the enterprise must submit the full
dossier to the Planning and Investment Service of the province where the
enterprise has its head office.
4. Within fifteen (15) days after receiving the
full dossier, the provincial Planning and Investment Service shall issue the
certificate of business registration to the enterprise.
5. If beyond the time limit prescribed in Item 2
of this Article the procedure for issuing the certificate of business
registration is not completed, the Decision to establish the enterprise shall
cease to be valid; in case of plausible reasons, the person who signed the
establishment Decision may grant an extension thereto, but for not more than
thirty (30) days.
6. Within seven (7) days after issuing the
certificate of business registration, the provincial Planning and Investment
Service shall send a copy of the certificate of business registration to each
of the following agencies: the provincial Taxation Department; the General
Department or Department for management of the State capital and property in
enterprises assigned to its management; the provincial Statistics Department;
the People’s Committees of the provinces/cities where the enterprise has its
head office; the Ministry of Planning and Investment; the Ministry in charge of
the economic and technical branch.
Article 10.- Announcement
in newspapers on the establishment of State enterprises.
1. Within thirty (30) days after receiving the
certificate of business registration, the enterprise must make an announcement
of its establishment in five (5) consecutive issues of a central or local daily
newspaper in the locality where the enterprise has its head office. The
enterprise shall not have to make such newspaper announcement in a number of
special cases approved in the Decision to establish the enterprise by the
person who signed the establishment Decision.
2. The contents of a newspaper announcement
includes:
a) The name and address of the head office of
the enterprise; the full name of the President and members of the Managing
Board (if any), and of the General Director of the State Corporation or the Director
of the other independent enterprises; telephone, telegraph and telex numbers;
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c) The name of the agency which issued the establishment
Decision; the serial number and date of signing of the Decision; the serial
number of the certificate of business registration, the date and name of the
agency which issued the certificate of business registration;
d) Business lines;
e) Time of commencement and term of operation.
Article 11.- Establishment
of dependent units, branches and representative offices.
1. The Managing Board of the State Corporation
shall decide the establishment of dependent cost-accounting units of the
independent cost-accounting member enterprises in the Corporation.
2. The Managing Board of the State enterprise or
the Director of the enterprise without a Managing Board shall decide the
establishment of dependent units of the enterprises.
3. The enterprise is allowed to set up its
branches or representative offices in the provinces and the cities directly
under the Central Government, except in the province or the city directly under
the Central Government where the enterprise has its head office, after getting
a written agreement of the President of the People’s Committee of the province
where it plans to open its branch or representative office.
4. The enterprise which has dependent units,
branches or representative offices shall define their functions, tasks and
details of the operation and take full responsibility before law for all of
their activities.
5. Within 15 days after establishing dependent
units or branches, the enterprise must register its business with the
provincial Planning and Investment Service of the locality where the enterprise
sets up the offices of its dependent units or branches.
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II. REORGANIZATION, DISSOLUTION
AND BANKRUPTCY OF STATE ENTERPRISES
Article 12.- Reorganization
of State enterprises.
1. The merger or splitting of independent State
enterprises or independent cost- accounting member enterprises of State
Corporations to establish one or several independent enterprises or members of
the Corporations; the transformation of a dependent cost-accounting enterprise
into an independent enterprise or independent cost-accounting member of the
Corporation must be decided by the person who signed the decision to establish
that enterprise and must conform to the procedure and order of establishing
enterprises as provided for in Section I of this Decree.
2. The merger of one or several enterprises into
another independent enterprise must be decided by the person who signed the
Decision to establish those enterprises with respect to the plan for such
merger and deletion of the names of the merged enterprises. The enterprise that
accepts the merged enterprises shall still keep its legal person status, shall
not have to repeat the procedure of establishment and business registration but
must register its new statutory capital after the merger is completed. If the
enterprise changes its business line, it must make an additional registration
for such change.
3. The acceptance of new members or the
splitting of member units from the State Corporations shall be proposed by the
Managing Boards of the Corporations to the person who signed the Decision to
establish the Corporations for consideration and decision. For State
Corporations established by decision of the Prime Minister, the Prime Minister
may empower one Minister to consider and decide the matter. If an independent
enterprise outside the Corporation wishes to join the corporation, it shall
submit its membership application which must be approved in writing by the
person who has decided the establishment of that enterprise.
Article 13.- Other
changes after the registration of business.
1. Except the business lines that require the
permission from the Prime Minister or business licenses in accordance with the
current regulations, the enterprise shall be entitled to change its business
lines as long as Grade 1 business line is not affected and, at the same time,
must register such change with the agency which has issued the business
registration certificate. After changing its business line, the enterprise must
make newspaper announcements about the change of the business line; the agency
issuing the business registration certificate must send copies of the certificate
of the change of the business line to the agencies defined in Item 6, Article 9
of this Decree.
If the change of the business line may result in
the change in Grade 1 business line of the enterprise, it must be approved by
the person who has decided the establishment of the enterprise, be registered
by the enterprise with the agency which has issued the business registration
certificate and announced in the newspapers as prescribed above.
2. If it is necessary to change the names of the
member units of a State Corporation or independent enterprises, the Managing
Board (for the enterprises having a Managing Board) or the Director (for the
enterprises without a Managing Board) shall report to the person who decided
the establishment for consideration and decision. After being permitted to
change such names, the enterprises must report to the agency which has issued
the business registration certificate in order to change the names accordingly
in the business registration certificate; make a new seal and newspaper
announcements as provided for in this Decree.
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4. The restructuring of the production
organization, the managerial and executive apparatus and the replacement of key
officials must conform to the provisions of the Statute on the organization and
operation of the enterprise and other relevant provisions of law.
Article 14.- Empowerment to
decide the reorganization of the member units of Corporations established by
decision of the Prime Minister.
The Prime Minister shall empower one Minister to
decide the reorganization of member units of Corporations established by
decision of the Prime Minister.
Article 15.- Dissolution
of State enterprises.
1. A State enterprise shall be dissolved in the
following cases:
a) The continued maintenance of the enterprise
is no longer necessary;
b) The business term defined in the Decision of establishment
and the business registration certificate has expired and extension thereto is
not applied;
c) The enterprise has suffered from prolonged
losses in business activity but not to the extent that it is unable to repay
due debts and the situation has not improved though various forms of
reorganization have been adopted.
d) It fails to fulfill the State-assigned tasks,
even after necessary measures have been applied.
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3. The person who signed the dissolution Decision
(according to the division of responsibility or as empowered) shall have to set
up the Council for Dissolution of the enterprise.
4. The order, procedure and concrete measures
for dissolving State enterprises must conform to the Finance Ministry’s regulations.
Article 16.- Bankruptcy of
State enterprises.
The bankruptcy of a State enterprise must be
handled in accordance with the Law on Bankruptcy.
III. IMPLEMENTATION PROVISIONS
Article 17.- Objects
of application.
1. This Decree shall apply to the State
enterprises defined in Article 1 and Article 2 of the Law on State enterprises.
2. The order, procedure of establishment and
forms of the enterprises’ managerial and executive organization shall be
implemented in accordance with the Corporate Law by the State enterprises which
contribute to the statutory capital.
Article 18.- Effective time
and guidance for implementation.
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The approval of the plans for the reorganization
and rearrangement of State enterprises, the implementation of the plans for the
reorganization and rearrangement of State enterprises, which were approved by
the Prime Minister in his Directive No.500-TTG of August 25, 1995, must be completed
not later than December 31, 1996. After this date, those State enterprises
which have not been rearranged according to Directive No.500-TTg must implement
the reorganization and rearrangement in accordance with the provisions of this
Decree.
The previous provisions contrary to this Decree
are now annulled.
2. The Ministry of Finance shall preside over
and coordinate with the Ministry of Planning and Investment and other concerned
State agencies in providing detailed guidance not later than the end of the
third quarter of 1996 on the order, procedure and measures of dissolving State
enterprises, the setting up and regulations on the operation of the dissolution
council.
3. The Ministry of Planning and Investment, the
Ministry of Finance and other concerned Ministries, ministerial-level agencies,
agencies attached to the Government shall guide the implementation of this
Decree.
4. The Ministers, the Heads of the
ministerial-level agencies, the Heads of the agencies attached to the Central
Government, the Presidents of the People�s
Committees of the provinces and the cities directly under the Central
Government, the Managing Boards of the State Corporations and State
enterprises, the General Directors and Directors of State enterprises shall
have to implement this Decree.
ON BEHALF OF
THE GOVERNMENT
THE PRIME MINISTER
Vo Van Kiet
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INDUSTRIES AND FIELDS GIVEN PRIORITY CONSIDERATION
BY THE STATE FOR INVESTMENT IN ESTABLISHING STATE ENTERPRISES
1. Production and repair of weapons, military
gear and specialized equipment in direct service of defense and security.
2. Provision of public works and transport
services in urban and industrial areas.
3. Electricity generation and supply from the
national electricity grid.
4. Provisions of services catering for air
ports, sea ports and river ports of national importance, maritime
transportation, transportation on the national railway system and key land
transportation routes of the State.
5. Provisions of postal and telecommunications
services with investment in new technologies and in service of rural,
mountainous, island and underdeveloped areas.
6. Construction and management of large- and
medium-sized irrigation and agricultural water works.
7. Production and raising or farming of animals
or plants of original breeds; advanced biological technologies.
8. Provision of essential services for social
and cultural development.
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10. Exploitation of crude oil and natural gas.
11. Large-scale exploitation of minerals.
12. Production of cement, new construction
materials and new materials.
13. Metallurgy.
14. Import-substitute equipment manufacturing.
15. Production of basic chemicals, pharmaco-chemicals,
petro-chemicals.
16. Production of electronic, computer and
telecommunications components and equipment, .
17. Large-scale production of export goods or
import-substitute goods.
18. Trades in currencies, finance and insurance.
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APPENDIX NO. 2
STATUTORY CAPITAL OF EACH BUSINESS LINE APPLICABLE
TO THE ESTABLISHMENT OF STATE ENTERPRISES
Unit: million VND
Code
Business line
Current
New
Notes
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(2)
(3)
(4)
(5)
011
012
012
013
020
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050
101
111
120
131-132
141
142
...
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152
153
154
155
171
172
173
181
191
...
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210
221
222
231
241
251
261
269
271
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281
289
291
292
293
300
313
A. Agriculture and forestry
Cultivation
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Cultivation combined with husbandry
Services for cultivation and husbandry
Forestry
B. Aquaculture
Fisheries, nursing and rearing of aquaproducts
C. Mining industries
Coal mining
Exploitation of crude oil and natural gas
Mining of radioactive ores
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Exploitation of stone, sand, gravel and
Exploitation of gold, gems and mining
D. Processing industries
Production, processing and preservation of meat,
aquaproducts, fruit and vegetables, oil and fat
Production of dairy products
Milling and production of flour and animal
feeds
Production of other foods
Production of beverages
Manufacture of textile yarn
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Manufacture of knitting goods
Production of apparels, suitcases, handbags,
saddlery and harness
Leather tanning and preliminary processing,
animal fur tanning and dyeing
Making wood and bamboo products
Production of paper and paper products
Publishing
Printing and printing- related services
Production of coke, oil products
Chemicals production
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Production of glass and glass products
Production of products from non-metal minerals
Production of iron, steel and ferrous metals
from ores
Metal molding
Production of other products from metal casts
Production of other metal products
Manufacture of general- purpose machines
Manufacture of special- purpose machines
Manufacture of home appliances and utensils
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Manufacture of electric cables
250
250
250
250
1600
1600
...
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6500
6500
6500
500
500
350
350
...
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350
350
1500
1500
1000
1000
1000
1000
1000
...
...
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1000
6000
6000
1000
750
750
6500
6500
2500
...
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5000
5000
2500
2500
2000
3000
3000
3000
3000
...
...
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4000
25000
25000
25000
25000
3000
3000
...
...
...
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3000
3000
3000
3000
3000
6000
6000
4000
...
...
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4000
4000
4000
4000
4000
20000
10000
5000
3000
...
...
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10000
10000
15000
5000
5000
5000
3000
3000
3000
...
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(1)
(2)
(3)
(4)
(5)
321
331
341
...
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352
353
359
361
269
401
...
...
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454
501
511
551
552
601
...
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620
630
641
642
651
659
660
671
...
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711
712
721
722
731
741
742
749
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Manufacture of medical equipment and
instruments
Manufacture of motor vehicles
Ship building and repair
Locomotive building and repair
Production and repair of aircraft
Production of other means of transport
Production of wood furniture
Production of other products (musical and
sport instruments, toys)
E. Electricity generation and supply
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F. Construction
Building
Finishing of constructions
G. Trading
Sale and maintenance of motor vehicles,
motorbikes
Sales agents
H. Hotels and restaurants
Hotels
Restaurants
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Land transportation
Waterway transportation
Air transportation
Transportation-supported activities
Posts
Telecommunications
J. Finance, credits
Currency brokerage
Other financial brokerage
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Financial brokerage supported activities
K. Activities related to assets business
and consultancy services
Real estate trading
Brokerage and auction of real estate
Leasing of means of transportation
Leasing of other machinery and equipment
Computer-related activities
Legal, accountancy, auditing and consultancy
activities
Architectural activities
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1500
750
5000
5000
5000
3000
250
250
1000
...
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1500
1000
2000
500
250
1000
...
...
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1500
1500
1500
1000
1000
1500
1000
...
...
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500
500
1000
250
500
500
500
...
...
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250
250
10000
3500
10000
20000
20000
20000
3000
...
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4000
50000
5000
5000
2000
1000
...
...
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3000
2000
10000
15000
50000
3000
10000
50000
...
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50000
50000
20000
5000
10000
1000
5000
...
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5000
1000
1000
1000