Quyết định 136/2003/QĐ-TTg

The Southern Food Corporation shall operate after the parent company-affiliate company model in order to bring into full play the capabilities of its member enterprises, create the close financial and market association between the parent company and affiliate companies for the formation of a strong corporation, which shall better play the dominant role in the purchase, processing and export of food.

The parent company is a State enterprise, which directly conducts the activities of production, trading and investment of capital in affiliate companies, takes responsibility for the preservation and development of the State-assigned capital as well as management of the capital amount invested in the affiliate companies.

Affiliate companies, depending on production/business characteristics, scale and nature of capital investment as well as role on the Corporation’s development, may have the following types:

- Affiliate companies with 100% State capital;

- One-member limited liability companies with the Corporation holding the whole charter capital;

- Joint-stock companies with the Corporation holding dominant shares;

- Two-plus limited liability companies with the Corporation holding dominant capital-contribution percentage.- (Summary)