The Prime Minister of Vietnam shall make the decision on reorganization of wholly state-owned enterprises

10:54, 13/02/2019

This is a notable content of Decree No. 10/2019/NĐ-CP of Vietnam’s Government on implementation of rights and responsibilities of state owner’s representatives.

According to Decree No. 10/2019/NĐ-CP of Vietnam’s Government, the Prime Minister shall make the decision on the following issues related to wholly state-owned enterprises established under his decision:

- Decide reorganization and transfer of ownership and rearrangement of enterprises;

- Decide the charter capital of an enterprise upon its establishment; decide to approve the adjustment to the charter capital of an enterprise;

- Approve the business strategy and plan, and the 5-year investment and development plan of each enterprise;

- Decide personnel planning, appointment, re-appointment, acceptance of resignation, dismissal, secondment, rotation, grant of awards to, imposition of disciplinary sanctions on, sacking and retirement of the Chair or the Board of Members;

- Appoint the General Director of the State Capital Investment Corporation;

- Make the decision on appointment, re-appointment, dismissal, resignation, secondment, rotation, grant of awards to, impose disciplinary actions on and retirement of the Chair of the Parent Company – Military Industry and Telecommunications Corporation.

View more details at Decree No. 10/2019/NĐ-CP of Vietnam’s Government, effective from March 15, 2019.

- Thanh Lam -

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