Resolution of the 8th Session of the 15th National Assembly was voted and passed by the National Assembly in the closing session on the afternoon of November 30.
Solving difficulties for Vietnam Airlines
According to the session resolution, the National Assembly agreed to pass solutions to continue removing difficulties caused by the impact of the COVID-19 pandemic so that Vietnam Airlines Corporation (Vietnam Airlines) can soon recover and develop sustainably.
" Allowing Vietnam Airlines Corporation to offer additional shares to existing shareholders to increase charter capital with a maximum scale of VND 22,000 billion when only meeting the provisions at points a, c and d, Clause 2, Article 15 of Securities Law No. 54/2019/QH14 ," the resolution stated.
In particular, in phase 1, the Government is allowed to assign the State Capital Investment Corporation to represent the Government in purchasing shares at Vietnam Airlines under the State shareholders' right to purchase shares (the State Capital Management Committee at enterprises is the agency representing the State shareholders' capital) by transferring the right to purchase when Vietnam Airlines implements the plan to increase charter capital in phase 1 with an issuance scale of 9,000 billion VND.
Phase 2, approve the policy, assign the Government to direct the implementation of the plan (including the plan for the State to transfer the right to purchase shares to enterprises) with a maximum issuance scale of 13,000 billion VND; in case of any problems, continue to report to the competent authority.
The Resolution also allows Pacific Airlines Joint Stock Company to erase late payment fines and late payment fees calculated on tax debts arising under decisions of competent tax authorities, outstanding until December 31, 2024.
Pacific Airlines Joint Stock Company is responsible for paying all outstanding tax debts (principal debt) before December 31, 2024. After the above deadline, the tax authority will calculate late payment fees, urge and apply enforcement measures in accordance with regulations.
The Government is fully responsible for the data and content of the proposed plan; at the same time, clearly defining the responsibilities of agencies and organizations in implementing the commitment to the National Assembly on the effectiveness of implementing these solutions.
The State Audit shall conduct audits according to the tasks assigned in the Resolutions of the National Assembly, including reviewing and arranging in the 2024-2025 audit plan the audit of financial statements and activities of management and use of state capital and assets at Vietnam Airlines...
The State Audit needs to promptly make recommendations to competent authorities and Vietnam Airlines to avoid loss and waste of State support resources and contribute to improving the efficiency of Vietnam Airlines' production and business activities.
Additional capital of more than 20,000 billion VND for Vietcombank
Also in the joint resolution of the session, the National Assembly approved the policy of investing additional state capital to maintain the state capital contribution ratio at the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) with an amount of more than VND 20,695 billion from stock dividends distributed to state shareholders from the remaining accumulated profits up to the end of 2018 and the remaining profits in 2021 of Vietcombank.
The National Assembly assigned the Government and the Prime Minister to direct the investment and supplement of state capital at Vietcombank in accordance with the provisions of law.
The Government and the Prime Minister are responsible to the National Assembly for the accuracy of the data and the scale of additional state capital for Vietcombank.
Source: https://vtcnews.vn/cho-phep-vietnam-airlines-chao-ban-co-phieu-de-tang-von-len-22-000-ty-dong-ar910635.html
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