| THE GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 69/2002/ND-CP | Hanoi, July 12, 2002 |
DECREE
ON MANAGEMENT AND HANDLING OF OUTSTANDING DEBTS FOR STATE ENTERPRISES
THE GOVERNMENT
Pursuant to the December 25, 2001 Law on Organization of the Government;
At the proposal of the Finance Minister,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1.- Application scope and objects
1. This Decree prescribes the handling of outstanding debts and the debt management mechanism as well as the responsibility to repay debts of State enterprises.
2. This Decree shall apply to:
a) The State enterprises which are operating under the provisions in Article 1 of the State Enterprise Law.
b) The State enterprises which are carrying out procedures for transformation ( put on the list of those to be equitized, assigned, sold, business contracted, leased or transformed into one-member limited liability companies) by decisions of competent State bodies (hereinafter called the transformed enterprises for short).
The State-run commercial banks shall be governed by separate regulations.
Article 2.- Outstanding debts
1. The outstanding debts mentioned in this Decree shall be construed as the receivable debts and payable debts, which have become overdue and cannot be repaid though the enterprises have applied various handling measures such as comparison for certification, urging of repayment.
2. The outstanding debts include:
a) State budget debts.
b) Debts owed to commercial banks.
c) National Reserve debts.
d) Social insurance debts.
e) Debts owed to organizations and individuals outside the enterprises and officials and employees inside the enterprises.
f) Other debts.
