How is VINAPACO in Vietnam organized?

How is VINAPACO in Vietnam organized?

Pursuant to Clause 1.c Article 1 of the Charter of Organization and Operation of VINAPACO issued together with the Decision 2760/QĐ-BCT in 2022 stipulating as follows:

Explanation of words

1. In this Charter, the following terms are construed as follows:

...

c) Vietnam Paper Corporation” hereinafter referred to as VINAPACO is the parent company in the group of parent companies - subsidiaries, organized according to the model of a one-member limited liability company held by the State of charter capital according to Decision 983/QD-TTg in 2010 of the Prime Minister.

Accordingly, Vietnam Paper Corporation, also known as VINAPACO, is the parent company in the group of parent companies - subsidiaries.

Vietnam Paper Corporation is organized according to the model of a one-member limited liability company with 100% of charter capital held by the State according to Decision 983/QD-TTg in 2010.

Where is the headquarter of VINAPACO in Vietnam?

Pursuant to Article 2 of the Charter of Organization and Operation of VINAPACO issued together with the Decision 2760/QĐ-BCT in 2022 stipulating name and headquarter of VINAPACO as follows:

1. Name of Corporation

Full name in Vietnamese: VIETNAM PAPER CORPORATION - LIMITED LIABILITY COMPANY

Trading name: TỔNG CÔNG TY GIẤY VIỆT NAM

English name: VIET NAM PAPER CORPORATION

Short name: VINAPACO

2. Headquarter: No. 25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City.

Business location: Phong Chau town, Phu Ninh district, Phu Tho province

3. Phone: (84) 024. 38247773

Fax: (84) 024. 38260381

Email: vp.hn@vinapaco.com.vn

Website: www.vinapaco.com.vn

As regulations above, the headquarter of VINAPACO in Vietnam is at No. 25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City.

What is the legal form and legal status of VINAPACO in Vietnam?

Pursuant to Article 3 of the Charter of Organization and Operation of VINAPACO issued together with the Decision 2760/QĐ-BCT in 2022 stipulating legal form and legal status of VINAPACO in Vietnam as follows:

1. VINAPACO is a single-member limited liability company with 100% charter capital held by the State, operating under the model of parent company - subsidiary company, in accordance with the provisions of the Law on Enterprises, the Law on Management , using state capital to invest in production and business at the enterprise, relevant provisions of law and this Charter.

2. VINAPACO has:

a) Legal status, own seal, can open accounts in Vietnam Dong and foreign currencies at the State Treasury, domestic and foreign banks in accordance with relevant laws and this Charter. ;

b) Own capital and assets, be responsible for debts and other financial obligations with all their assets; take civil responsibility and exercise the rights and obligations of the owner towards subsidiaries and affiliated companies within the amount of capital invested by VINAPACO;

c) The right to own, use and dispose of VINAPACO's own name, brand, and symbol in accordance with the law.

As regualtions above, VINAPACO has:

- Legal status, own seal, can open accounts in Vietnam Dong and foreign currencies at the State Treasury, domestic and foreign banks in accordance with relevant laws and this Charter. ;

- Own capital and assets, be responsible for debts and other financial obligations with all their assets; take civil responsibility and exercise the rights and obligations of the owner towards subsidiaries and affiliated companies within the amount of capital invested by VINAPACO;

- The right to own, use and dispose of VINAPACO's own name, brand, and symbol in accordance with the law.

What is the charter capital of VINAPACO in Vietnam?

Pursuant to Article 5 of the Charter of Organization and Operation of VINAPACO issued together with the Decision 2760/QĐ-BCT in 2022 stipulating the charter capital of VINAPACO in Vietnam as follows:

Charter capital and charter capital adjustment

The charter capital of VINAPACO is: 1,213,000,000,000 VND (one thousand two hundred and thirteen billion VND).

The adjustment of the charter capital of VINAPACO in accordance with the law.

As regulations above, the charter capital of VINAPACO is: 1,213,000,000,000 VND (one thousand two hundred and thirteen billion VND).

Best regards!