Decision No. 191/2004/QD-TTg dated November 08, 2004 of the Prime Minister on the setting up, organization and operation of Vietnam public-utility telecommunication service fund
THE PRIME MINISTER OF GOVERNMENT
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
Hanoi, November 8, 2004
ON THE SETTING UP, ORGANIZATION AND OPERATION OF VIETNAM PUBLIC-UTILITY TELECOMMUNICATION SERVICE FUND
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government,
Pursuant to the May 25, 2002 Ordinance on Post and Telecommunications;
Pursuant to the Government's Decree No. 160/2004IND-CP of September 3, 2004 detailing the implementation of a number of articles on telecommunications of the Ordinance on Post and Telecommunications,
At the proposal of the Minister of Post and Telematics,
Article 1. To set up Vietnam Public-Utility Telecommunication Service Fund to support the implementation of the State's policies on the provision of public-utility telecommunication services in the whole the country.
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Article 2. Legal status and principles of operation of the Fund
1. Vietnam Public-Utility Telecommunication Service Fund (hereinafter called the Fund for short) is a State financial institution under the Ministry of Post and Telematics; the Fund has legal person status, its own seal, charter capital and accounting balance sheet. The Fund is entitled to open accounts at the State Treasury and domestic banks.
2. The Fund is headquartered in Hanoi and has branches in a number of regions (when necessary) in the country.
3. The Fund operates for nonprofit purposes, is exempt from enterprise income tax and value added tax for its activities defined in Article 7 of this Decision.
The organization and operation charter of the Fund (hereinafter called the Fund's charter for short) shall be promulgated by the Minister of Post and Telematics.
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