| THE GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No.80/2005/ND-CP | Hanoi, June 22, 2005 |
DECREE
ON ASSIGNMENT, SALE, BUSINESS CONTRACTING, LEASE OF STATE COMPANIES
THE GOVERNMENT
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to State Enterprise Law No. 14/2003/QH11 dated November 26, 2003;
Pursuant to Enterprise Law No. 13/1999/QH10 dated June 12, 1999;
At the proposal of the Minister of Planning and Investment,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1. Objectives and requirements of the assignment, sale, business contracting and lease of state companies
Assignment, sale, business contracting and lease of state companies are measures for continued rearrangement and renewal of state companies which have done business inefficiently and suffered from prolonged losses, need not be further held by the state and cannot be equitized, aiming:
1. To create conditions for restructuring state companies, raising the economic efficiency and competitiveness of the state-run economic sector.
2. To use more efficiently capital and assets invested by the State in the companies, tap all potentials among various economic sectors for investment in production and business development.
3. To ensure jobs for laborers; to change mode of managing companies, creating motive force for promoting the laborers' mastery.
4. To reduce expenditures and direct business responsibilities of the State; ensure the common interests of the State and the laborers in the state companies.
Article 2. State companies to be assigned, sold, business-contracted or leased and conditions for application
State companies to be assigned, sold, business-contracted or leased and conditions for application
1. This Decree provides the assignment, sale, business contracting, lease of whole of independent state companies, independent cost- accounting member companies of corporations; sale of dependent units of state companies.
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