Decision 354/QD-TTg

Enterprises which continue to have 100% of their charter capital owned by the State: 1 public-utility enterprise and 5 business enterprises to be kept intact; 2 enterprises to have one of its sections equitized.

To be equitized, with the State holding over 50% of the charter capital when shares are sold for the first time: In 2004: 2 enterprises, in 2005: 3 enterprises.

To be equitized, with the State holding under 50% of the charter capital: In 2003: 4 enterprises; in 2004: 2 enterprises and in 2005: 4 enterprises.

To be dissolved: In 2003: 2 enterprises.

To be bankrupted: In 2003: 1 enterprise.

The Ministry of Aquatic Resources shall direct Vietnam Sea Product Corporation (SEAPRODEX) to work out the scheme on experimental reorganization of SEAPRODEX and its member enterprises after the model of parent company-affiliate company and submit it to the Prime Minister before April 30, 2003.

The Ministry of Aquatic Resources shall work out the scheme on reorganization of Ha Long Seafood Corporation and West Sea Corporation, merging them into one State corporation in service of important economic tasks of the service.- (Summary)