Quyết định 111/2004/QĐ-TTg

To approve the scheme on establishing the Urban Infrastructure Development Investment Corporation (UDIC), which shall operate after the parent company-affiliate company model, doing multi-branch business, including urban infrastructure investment, construction and development, contributing to the efficient implementation of Hanoi city's urban development planning till 2010, with vision till 2020 taken into account.

The parent company (UDIC) is a State enterprise, formed on the basis of reorganizing the Urban Infrastructure Development Investment Company under Hanoi Municipal Construction Service.

Affiliate companies are joint-stock companies where the parent company holds dominant shares, including 18 joint-stock companies and 9 other companies where the parent company has its contributed capital.

UDIC shall conduct cost-accounting and invest its capital in affiliate companies and other companies under its Organization and Operation Charter as well as Experimental Financial Regulation, approved by competent State agencies.

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