What is the Parent Company - Vietnam Oil and Gas Group?

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I have a question regarding the interpretation of the Parent Company - Vietnam Oil and Gas Group. Could you please provide clarification? Thank you.

According to Clause 2, Article 2 of the Financial Management Regulations of the Parent Company - Vietnam Oil and Gas Group issued in conjunction with Decree 36/2021/ND-CP, the provisions are as follows:

"Parent Company - Vietnam Oil and Gas Group" is a Level I enterprise within the Vietnam National Oil and Gas Group, established under Decision No. 199/2006/QD-TTg dated August 29, 2006, and converted into a single-member limited liability company owned by the state under Decision No. 924/QD-TTg dated June 18, 2010, of the Prime Minister of the Government of Vietnam. The company has legal personality, financial autonomy in its production and business operations, and rights and obligations as prescribed by law (hereinafter referred to as the Parent Company).

Sincerely!

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