| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 34/2003/QD-TTg | Hanoi, March 4, 2003 |
DECISION
ON THE ESTABLISHMENT OF VIETNAM RAILWAYS CORPORATION
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the State Enterprises Law of April 20, 1995;
At the proposal of the Minister of Communications and Transport,
DECIDES:
Article 1.- To establish Vietnam Railways Corporation on the basis of reorganizing the existing Vietnam Railway Union.
Vietnam Railways Corporation (hereinafter called the Corporation for short) is a State corporation which is engaged in business activities and performs the tasks of managing, exploiting and maintaining the system of railway infrastructure assigned by the State, has the legal person status as well as civil rights and obligations prescribed by law, takes self-responsibility for all its business activities within the capital amount managed by itself; has seal, assets and concentrated funds, may open accounts at the State Treasury as well as domestic and foreign banks according to law provisions, is organized and operates in accordance with the Corporation’s Charter.
Vietnam Railways Corporation has its international transaction name of Vietnam Railways (abbreviated to VNR).
