THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 69/2001/QD-TTg
Hanoi, May 03, 2001
 
DECISION
ON THE SALE OF PREFERENTIAL SHARES OF INDUSTRIAL PROCESSING ENTERPRISES TO RAW MATERIAL GROWERS AND SELLERS
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of September 30, 1992;
Pursuant to the Governments Decree No. 44/1998/ND-CP of June 29, 1998 on transforming State enterprises into joint-stock companies;
In order to combine the interests of raw material growers with the equitized industrial processing enterprises, thus stabilizing raw materials sources and improving business efficiency of the enterprises;
At the proposal of the Minister of Finance,
DECIDES:
Article 1.- Enterprises which directly use agricultural and forestry products for their production activities, when conducting the equitization, may sell their shares at the preferential prices raw material growers and sellers.
Article 2.- Raw material growers and sellers are individuals engaged in agricultural and/or forestry production, who fully meet the conditions prescribed in Articles 5 and 6 of this Decision.
Article 3.- Raw materials sold to industrial processing enterprises mentioned in this Decision include products of annual and perennial plants in agricultural production.
Article 4.- For State enterprises with closed production and business process, from agricultural production to processing, when conducting the equitization of the processing sections therein, persons who simply gather agricultural and/or forestry raw materials for sale to the enterprises shall not be governed by this Decision.
Article 5.- Raw material growers and sellers entitled to purchase shares at preferential prices are those who directly grow raw materials and have sold them to the enterprises for more than 3 years, up to the time of equitization of enterprises.
Article 6.- In cases where raw material growers are State enterprises which effect contract assignment, those who directly undertake the contracts shall be the subjects entitled to purchase shares of such industrial processing enterprises at preferential prices.
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