Decree No. 76/2002/ND-CP dated September 13, 2002 of the Government amending and supplementing a number of articles of Decree No. 79/2000/ND-CP dated December 29, 2000 detailing the implementation of the Value Added Tax Law

CIRCULAR

GUIDING FINANCIAL MATTERS UPON THE TRANSFORMATION OF STATE ENTERPRISES INTO JOINT-STOCK COMPANIES

In furtherance of the Government’s Decree No. 64/2002/ND-CP of June 19, 2002 on the transformation of State enterprises into joint-stock companies (hereinafter referred to as Decree No. 64/2002/ND-CP for short), the Ministry of Finance provides hereby the following guidance on financial matters:

Part one

GENERAL PROVISIONS

1. The subjects of application of this Circular are State enterprises and their dependent units prescribed in Article 2 of Decree No. 64/2002/ND-CP, which are equitized under this Decree.

Enterprises defined in Section III, Part A of the classification criteria and list of to be-classified State enterprise and State corporations, issued together with the Prime Minister’s Decision No. 58/2002/QD-TTg of April 26, 2002 shall not be equitized.

2. A number of words and phrases in this Circular are construed as follows:

2.1. "Enterprises dependent units fully meeting the conditions for independent accounting" are enterprises dependent units which have met fully the conditions for organizing cost-accounting and statistics of their production and business activities till the final results, and implement the State-prescribed financial reporting regime.