Amendments to a number of regulations on equitization of state-owned enterprises under the Ministry of National Defense of Vietnam

Amendments to a number of regulations on equitization of state-owned enterprises under the Ministry of National Defense of Vietnam

Accordingly, a number of contents in Circular 155/2019/TT-BQP are amended and supplemented, including: the equitization process; implementing information disclosure and transparency; listing on the stock market; financial and asset handling; methods of determining business value; Handover between an equitized enterprise and a joint stock company.

For example, the equitization process for state-owned enterprises under the Ministry of National Defense specified in Article 6 of Circular 155/2019/TT-BQP is amended as follows:

- The process of equitizing enterprises is carried out according to the provisions of Clause 23, Article 1 of Decree 140/2020/ND-CP, and Appendix I issued with Circular 155/2019/TT-BQP.

- Process of rearranging and handling real estate at equitized enterprises and preparing land use plans when equitization is implemented according to the provisions of Clause 3, Article 30, Decree 126/2017/ND-CP, Clause 6, Article 3, Decree 140/2020/ND-CP, Article 12, Decree 26/2021/ND-CP, and Appendix II issued with Circular 155/2019/TT-BQP.

(Meanwhile, Article 6 of Circular 155/2019/TT-BQP stipulates:

- The process of equitizing enterprises is carried out according to the provisions of Article 47 of Decree 126/2017/ND-CP, as detailed in Appendix I issued with Circular 155/2019/TT-BQP.

- The process of handling defense land at equitized enterprises is implemented according to the provisions of Article 13 and Article 30 of Decree 126/2017/ND-CP, details in Appendix II issued together with Circular 155/2019/TT-BQP).

Circular 04/2024/TT-BQP takes effect on March 2, 2024.

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