The Resolution of the 8th Session of the 15th National Assembly was voted on and adopted by the National Assembly during its closing session on the afternoon of November 30th.
Members of the National Assembly at the closing session of the 8th Session. (Photo: quochoi.vn)
Removing obstacles for Vietnam Airlines
According to the resolution of the session, the National Assembly agreed to approve solutions to continue removing difficulties caused by the COVID-19 pandemic so that Vietnam Airlines Corporation can recover and develop sustainably.
" Allows Vietnam Airlines Corporation to offer additional shares to existing shareholders to increase its charter capital to a maximum of VND 22,000 billion, provided it meets the regulations in points a, c, and d of Clause 2, Article 15 of the Securities Law No. 54/2019/QH14 ," the resolution states.
In Phase 1, the Government is authorized to entrust the State Capital Investment and Business Corporation to invest in and purchase shares in Vietnam Airlines on behalf of the Government, under the right to purchase shares held by the State shareholder (the State Capital Management Committee at enterprises is the representative body for the State shareholder's capital) through the transfer of purchase rights when Vietnam Airlines implements its plan to increase its charter capital in Phase 1 with an issuance scale of 9,000 billion VND.
Phase 2 involves approving the policy and assigning the Government to direct the implementation of the plan (including the plan for the State to transfer the right to purchase shares to the enterprise) with a maximum issuance scale of 13,000 billion VND; in case of any difficulties, further reports should be submitted to the competent authority.
The resolution also allows Pacific Airlines Joint Stock Company to waive late payment penalties and interest calculated on tax debts arising from decisions of competent tax authorities, outstanding as of December 31, 2024.
Pacific Airlines Joint Stock Company is responsible for paying all outstanding tax amounts (principal) before December 31, 2024. After this deadline, the tax authorities will calculate late payment penalties, urge payment, 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, it clearly defines the responsibilities of agencies and organizations in fulfilling their commitments to the National Assembly regarding the effectiveness of implementing these solutions.
The State Audit Office conducts audits in accordance with the tasks assigned in the Resolutions of the National Assembly, including considering and allocating in the 2024-2025 audit plan the audit of financial statements and the management and use of state capital and assets at Vietnam Airlines...
The State Audit Office needs to promptly make recommendations to competent authorities and Vietnam Airlines to prevent the loss and waste of state support resources and contribute to improving the efficiency of Vietnam Airlines' business operations.
Vietcombank receives an additional capital injection of over 20 trillion VND.
Also in the general resolution of the session, the National Assembly approved the policy of investing additional state capital to maintain the state's capital contribution ratio in Vietnam Foreign Trade Commercial Bank (Vietcombank) with an amount of over VND 20,695 billion from stock dividends distributed to state shareholders from the accumulated retained earnings up to the end of 2018 and the retained earnings of 2021 of Vietcombank.
The National Assembly has instructed the Government and the Prime Minister to direct the investment and additional state capital in Vietcombank Commercial Joint Stock Bank in accordance with the law.
The government and the Prime Minister are accountable to the National Assembly for the accuracy of the figures and the scale of additional state capital injections into 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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