THE MINISTRY OF FINANCE
SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness
 
No. 126/2004/TT-BTC
Hanoi, December 24th, 2004
 
  
CIRCULAR
 
PROVIDING GUIDELINES FOR IMPLEMENTATION OF DECREE 187-2004-ND-CP OF THE GOVERNMENT DATED 16 NOVEMBER 2004 ON CONVERSION OF STATE OWNED COMPANIES INTO SHAREHOLDING COMPANIES
 
To implement Decree 187-2004-ND-CP of the Government dated 16 November 2004 on Conversion of State Owned Capital into Shareholding Companies (hereinafter referred to as Decree 187-2004-ND-CP), the Ministry of Finance provides the following guidelines on financial issues:
I. GENERAL PROVISIONS
1. This Circular shall apply to State owned companies which undergo equitization as stipulated in article 2 of Decree 187-2004-ND-CP and Decision 155-2004-QD-TTg of the Prime Minister of the Government dated 24 August 2004 issuing the criteria and lists of classification of State owned companies and independent cost accounting member companies of State owned corporations (hereinafter referred to as enterprises).
2. Enterprises which satisfy all the conditions for equitization must still have State capital (excluding the value of land use rights) after dealing with financial issues in accordance with Section II of this Circular.
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