THE PRIME MINISTER OF GOVERNMENT
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
------------
No: 174/2002/QD-TTg
Hanoi, December 02, 2002
 
DECISION
ON ORGANIZATION AND OPERATION OF THE SUPPORT FUND FOR REORGANIZATION AND EQUITIZATION OF STATE ENTERPRISES
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the Governments Decree No. 64/2002/ND-CP of June 19, 2002 on transformation of State enterprises into joint-stock companies; Decree No. 103/1999/ND-CP of September 10, 1999 and Decree No. 49/2002/ND-CP of April 24, 2002 on assignment, sale, business contracting or leasing of State enterprises;
Pursuant to the Governments Decree No. 41/2002/ND-CP of April 11, 2002 on policies towards laborers redundant due to the reorganization of State enterprises;
At the proposal of the Finance Minister,
DECIDES:
Article 1.- To set up the support fund for reorganization and equitization of State enterprises at the central level, in the provinces and centrally-run cities and corporations established under the Prime Ministers Decision No. 90/TTg and Decision No. 91/TTg of March 7, 1994 (hereinafter referred collectively to as State corporations) for settling entitlements for laborers and providing financial supports for State enterprises in the course of reorganization and ownership transformation (hereinafter called the Enterprise Reorganization Fund for short).
Article 2.- The Enterprise Reorganization Fund shall be used to:
1. Support enterprises in paying allowances under the provisions of the Labor Code to their laborers who terminate or lose their jobs at the time of transformation, who are, however, not subject to the Governments Decree No. 41/2002/ND-CP of April 11, 2002 on policies towards laborers redundant due to the reorganization of State enterprises.
2. Support joint-stock companies transformed from State enterprises in paying allowances to laborers who terminate or lose their jobs after being transferred from State enterprises to work in joint-stock companies according to the provisions in Clause 6, Article 27 of the Governments Decree No. 64/2002/ND-CP of June 19, 2002.