Decision 106/2000/QD-TTg

To approve the plan on equitization of State enterprises: To transfer Sai Gon Transport Agency Company of the Ministry of Communications and Transport into Sai Gon Transport Agency Joint Stock Company (abbreviated to Tranaco), as requested in Official Dispatches No. 2584/BGTVT of August 7, 2000 and No. 344/BGTVT of February 14, 2000 of the Minister of Communications and Transport.

The Company�s charter capital shall be VND 30,000,000,000, in which:

- State�s equities: 37%;

- Equities sold to laborers of the enterprise: 33%;

- Equities sold to subjects outside the enterprise: 10%;

- Equities sold to foreign investors: 20%.

Sai Gon Transport Agency Joint Stock Company, headquartered at No. 19-21-23 Pham Viet Chanh street, Nguyen Cu Trinh ward, District I, Ho Chi Minh City, shall deal in the following business lines:

- Transport, loading and unloading, as well as transit of regular, super-long and super-heavy cargo, and container for Laos and Cambodia;

- Provision of services for cargo transport, delivery and receipt, at home and abroad;

- Maritime agency and brokerage;

- Trading in sea-ports, warehouses and yards ;

- Goods importation and exportation;

- Labor exportation;

- Provision of services for tourism and office leasing;

- Provision of services for mechanical and other industrial products repair and processing.- (Summary)