Accordingly, the VNR is a one member limited liability company with a charter capital of VND3.25 trillion (US$143 million), totally held by the State. The company operates in line with the Railway Law, the Law on Enterprises, the Law on Management and Use of State Capital, provisions of relevant laws and these regulations.The State is the owner of the VNR, with the Government unanimously organizing the exercise of the owner’s rights and obligations towards the VNR. The Ministry of Transport is assigned to exercise the rights and obligations of the owner’s representative office towards the VNR in accordance with the provisions of law.The major business lines of the VNR include trading in railway infrastructure; managing, maintaining and exploiting railway infrastructure; providing national railway transportation operating services; trading in means of transport, machinery and equipment for railway infrastructure maintenance and construction; and trading in railway … [Read more...] about Viet Nam Railway Corporation is one member limited liability company
Us limited liability company
By Binh Nguyen - The Saigon Times DailyHCMC - The Prime Minister has approved a plan for converting Vietnam Airlines Corporation into a single-member limited liability company at the helm of the Government. The airline’s core business operations include transporting passengers and their luggage, cargo and postal parcels; and providing air services for topographic shooting, geological survey, medical emergency and rescue. The company maintains, imports and exports aircraft, engines and spare parts for the aviation industry as well as produces and supplies equipment and services for domestic and foreign airlines. Vietnam Airlines also supplies ground services at airports across the country, as well as air freight, catering, fuel and lubricant pumping services. The company can invest in infrastructure development at airports; act as an agent for airlines, manufacturers of aircraft, engines and spare parts, local and foreign transportation and tourism firms; and provide hospitality … [Read more...] about Vietnam Airlines becomes limited liability company
The Vietnam Football Federation (VFF) approved the establishment of the Vietnam Professional Football Company (VPF) as a joint stock company (JSC) at the federation's annual general meeting in Hanoi on Friday. ACB Club owner Nguyen Duc Kien (L) speaks at VFF's annual general meeting in Hanoi on Friday. … [Read more...] about Vietnam Football Federation agrees new management entity will be a joint stock company
VOVworld) - Corporation 36, a state-owned firm under the Ministry of Defense, is speeding up the equitization roadmap pursuant to the Prime Minister's instruction of rearrangement and renovation of SOEs under the Ministry until 2015. VOV talked to Colonel Nguyen Dang Giap, Chairman and Director General of the Corporation, about advantages and challenges faced by the equitization process. 1. How has Corporation 36 prepared to change its operating model to meet the market requirements of fair competition in the context of international integration? Corporation 36 cannot be excluded from international integration. In any economy, enterprises play a significant role in national development. We have prepared ourselves for this roadmap. Although these preparations haven't been enough, we've realized how it will go because our corporation is different from others. From an indebted enterprise, after 7 years Corporation 36 has become a single-member limited liability company, the first … [Read more...] about Corporation 36 equitization: new model in management of military companies
Thanh Nien continues a bimonthly column in which eminent jurists analyze various aspects of business and investment laws. The column appears on the second and fourth Fridays of the month. The US antidumping laws permit the US government to collect special import duties, or antidumping duties, to offset "unfairly" low prices of imports. To impose antidumping duties, the country's Department of Commerce (DOC) and International Trade Commission (ITC) must determine that imported merchandise is sold at "less than normal value" and is causing or is threatening to cause "material injury" to a domestic industry. … [Read more...] about US antidumping duties: How can firms secure separate rates?