| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 109/2003/QD-TTg | Hanoi, June 05, 2003 |
DECISION
ON THE ESTABLISHMENT OF THE COMPANY FOR SALE AND PURCHASE OF ENTERPRISES’ OUTSTANDING DEBTS AND ASSETS
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the April 30, 1995 Law on State Enterprises;
Pursuant to the Government’s Decree No. 69/2002/ND-CP of July 12, 2002 on the management and handling of outstanding debts for State enterprises;
Pursuant to the Government’s Decree No. 178/CP of October 28, 1994 defining the tasks, functions and organizational apparatus of the Ministry of Finance;
At the proposal of the Minister of Finance in Report No. 67 TTr/BTC of November 29, 2002 on the scheme on establishment of the company for sale and purchase of enterprises’ outstanding debts and assets,
DECIDES:
Article 1.- To establish the company for sale and purchase of enterprises’ outstanding debts and assets (hereinafter called Debt Sale and Purchase Company for short) in order to handle outstanding debts, unnecessary assets pending liquidation, and poor-quality supplies left in stock (hereinafter called outstanding debts and assets for short), thus contributing to making healthy the enterprise finance and accelerating process of State enterprise reorganization and transformation.
Article 2.- The Debt Sale and Purchase Company is an independent cost-accounting State enterprise, has its own seal and is allowed to open its accounts at the State Treasuries and commercial banks according to law provisions.
