Quyết định 147/2004/QĐ-TTg

The Transport Investment Cooperation and Import-Export Company under Vietnam Automobile Industry Corporation shall be transformed after the parent company-subsidiary company model.

The parent company, Transport Investment Cooperation and Import-Export Company, is an independent State company, having the legal person status, directly conducting production and business activities, investing in its subsidiary companies, and having the responsibility to preserve and develop its State capital amount and its capital in invested subsidiary companies.

- Subsidiary companies include joint-stock companies and limited liability companies with two or more members where the parent company holds dominant shares or contributes dominant capital (more than 50% of the charter capital).

This Decision takes effect 15 days after its publication in the Official Gazette.- (Summary)