Quyết định 129/2004/QĐ-TTg

To approve the scheme on the establishment of Hanoi Trade Corporation, which shall experimentally operate after the parent company-affiliate company model and deal in multi-branch business, including commercial business, production and processing of farm produce and food, contributing to the efficient implementation of Hanoi's planning on trade sector development till 2010, with vision to 2020 taken into account.

The parent company (Hanoi Trade Corporation - HAPRO) is a State enterprise, formed on the basis of reorganizing South Hanoi Production, Service, Export and Import Company under Hanoi Municipal Trade Service.

Affiliate companies are one-member limited liability companies where the parent company holds dominant shares and joint-stock companies where the parent company has dominant contributed capital.

Besides, there are 6 other companies where the parent company has contributed capital.

HAPRO conducts cost-accounting and invests its capital in affiliate companies and other companies under its Organization and Operation Charter and Experimental Financial Regulation approved by competent State bodies.

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