DECREE amending and supplementing a number of articles about the financial management of the parent company-Vietnam oil and gas group attached to Decree 146/2007/ND-CP on January 9, 2007 by the Government the GOVERNMENT pursuant to the law on organization of the Government of 25 December 2001;
Pursuant to the law on State enterprises in 2003;
Pursuant to the law of 2005 business;
Pursuant to the law of oil and gas in 2003 and the law on amendments and supplements to some articles of the law of oil and gas in 2009; Law on amendments and supplements to some articles of the law of oil and gas in 2008;
Considering the recommendation of the Minister of finance DECREE: article 1. Amendments and supplements to some articles of the Statute of the financial management of the parent company-Vietnam oil and gas group attached to Decree 146/2007/ND-CP on January 9, 2007 by the Government the following: 1. Amend paragraph 1 article 4 as follows: "capital of the parent company at the time of January 2009 was 118,000 billion (one hundred eighteen thousand billion Council) ".
2. Amend paragraph 3 to article 5 as follows: "the parent company-Vietnam oil and gas Corporation directly managed and full accounting of capital contributed by the Government of Vietnam in the Vietsovpetro joint venture companies under the law of Vietnam and the intergovernmental agreement signed on 16 July 1991, the parent company is responsible for managing , used effectively, conservation and development which was delivered ".
3. Add point e in paragraph 3 Article 18 as follows: "every year, in case the Government does otherwise, the parent company must build plans on demand Exchange reported the Ministry of finance and the State Bank of Vietnam. Base demand of foreign currencies, the company used a portion of foreign currency must submit the State budget to balance demands for foreign currency spending but does not exceed 50% of the demand of foreign currency of the parent company. The missing part, Vietnam oil and gas Corporation to balance himself. The account currency lodging budget corresponds to the number of Exchange comes on will be converted out of money (USD) according to the average inter-bank exchange rate at the time of payment.
The Ministry of finance, in cooperation with the State Bank of Vietnam Guide and check the balance of foreign currency of the parent company-Vietnam oil and gas Corporation ".
4. Remove the last paragraph of article 23 and the addition of clause 5 on Article 23 as follows: "5. The extract of reward funds, Welfare Fund under current financial regime as for the other State companies. In addition to the level of deductions under the rules, the parent company was increased from profits after tax to Fund additional reward corresponding to the missing parts but must not exceed 3 months salary made to officers and employees for the unit by the Vietnam oil and gas Corporation 100% capital investment new, in operation, not yet profitable or not enough profit to extract Compensation Fund, a Welfare Fund as specified in clause 5 of this Decree and article 24 1, real wages for public employees working in the management of key oil and gas projects.
The section quoted was added track and accounting into a separate folder in your account reward Funds of the parent company, last year, when spending increases, not criticism section was left in the Fund for the following year.
Of the remaining profit transferred to the Development Fund ".
5. In addition to paragraph 5 article 24 as follows: "the Board of the group using the extract to increase further on the purpose:-rewarded for collective, individual, the project management of State oil and gas;
-Support the missing parts for the unit by the Vietnam oil and gas Corporation 100% capital investment, operational, not yet profitable or not enough profit to extract Compensation Fund, Welfare Fund, the reduction unit development investment Fund quoted section (if available) to ensure maximum not exceeding 3 months salary made to this Fund 2. The case of the development of investment fund units was not enough, the Vietnam oil and gas Corporation supports the missing part;
The Board of Vietnam oil and gas group is responsible for guiding the quote up and use the reward Fund, Welfare Fund for this demand and is responsible for the quote up and use the Fund ".
Article 2. Effective enforcement of this Decree has effect as from 15 June 2010.
The regulations on financial management for the State company issued in Decree No. 9/2009/ND-CP dated 11 February 2009 the Government issued regulation on financial management of State-owned companies and the State capital management investments in other enterprises and financial management rules of the parent company-Vietnam oil and gas Corporation attached to the Decree                              142/2007/ND-CP dated 10 September 2007 of the Government are not contrary to this Decree, the parent company-Vietnam oil and gas Corporation remains responsible for implementation.
Article 3. Ministers, heads of ministerial agencies, heads of government agencies, the Chairman of the provincial people's Committee, the central cities; The Board, Director General, Director of the State company is responsible for the implementation of this Decree.