Laws of Vietnam

Article 1.- To approve the list of economic groups and state corporations to be equitized in the 2007-2010 period as stated in the enclosed Appendix.

1. To assign the ministries and the People's Committees of the cities to direct their economic groups and state corporations mentioned in Article 1 of this Decision in elaborating equitization plans and submit them to the Prime Minister for approval according to current regulations.

2. To assign the Steering Committee for Enterprise Renewal and Development:

a/ To assume the prime responsibility for, and coordinate with the Ministry of Finance, concerned ministries and branches, and the People's Committees of the cities in, reaching agreement on the equitization schedule and directing, guiding and urging the equitization of each corporation, ensuring the set schedule; and quarterly report on the implementation results to the Prime Minister.

b/ To set up a working team composed of departmental-level officials and specialists of the Government Office, the Ministry of Finance, the Ministry of Planning and Investment, the Ministry of Labor, War Invalids and Social Affairs, the Ministry of Home Affairs, and the State Bank of Vietnam to assist the Steering Committee for Enterprise Renewal and Development in performing the above tasks.

Article 3.- The ministers and municipal People's Committee presidents being representatives of owners of the to be-equitized corporations, the Steering Committee for Enterprise Renewal and Development, and the Management Boards of the to be-equitized economic groups and state corporations shall implement this Decision.