Other Rights of Vietnam National Chemical Group

To be specific:

- The Vietnam National Chemical Group retains controlling rights over other enterprises through capital, strategy, development plans, technology, market, brand, and trademark.- The Vietnam National Chemical Group and its subsidiaries are allowed to participate in each other's contractor selection process for projects and packages where the products and services of the projects and packages belong to the main business sector of the Group and serve as the output of one company and the input of another company within the Group. In cases where the products and services of the projects and packages are the output of one company and the input of another company within the Group and are unique in the market, report to the Ministry of Industry and Trade to submit to the Prime Minister for decision.- Authorized to decide salary scales, salary tables, wage unit prices, and wage payment policies for the laborers and other management personnel based on the State's minimum wage regulations, except for positions such as Members of the Members' Council, General Director, Controllers, Deputy General Directors, and Chief Accountant of the Vietnam National Chemical Group. Autonomous decision-making on wage unit prices based on the principle that the average wage increase rate is lower than the labor productivity increase rate and registers with the state management agency in charge of labor and wages as per statutory regulations.- In cases where the State assigns the management and exploitation of apatite ore and other minerals for fertilizer and chemical raw materials, the mineral resources shall be uniformly managed; business operations, exploitation, and use of mineral resources are to be organized in accordance with legal regulations on mineral resources.- Investment within the country shall be carried out in accordance with the law and the delegated authority prescribed by law. Decisions on investment projects and overseas investments exceeding the delegation level for the Vietnam National Chemical Group in the fields of exploration, searching, and exploitation of mineral resources shall be regulated by the Prime Minister on the basis of proposals from the Ministry of Industry and Trade.- Other rights as prescribed by law.

See details in Decree 20/2018/ND-CP effective from February 5, 2018.

-Thao Uyen-

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