The Government has just issued Resolution No. 360/NQ-CP dated November 10, 2025 on the application of legal regulations when merging a subsidiary into the parent company - Vietnam National Coal - Mineral Industries Group. This Resolution takes effect from the date of signing and promulgation.
The Resolution allows the application of the provisions of Decree No. 23/2022/ND-CP dated April 5, 2022 of the Government on the establishment, rearrangement, conversion of ownership, transfer of ownership representative rights at enterprises with 100% state-owned charter capital as proposed by the Ministry of Finance when implementing the rearrangement in the form of merging a subsidiary of Vietnam National Coal - Mineral Industries Group (TKV) (Lam Dong aluminum One Member Limited Liability Company - TKV, Environment One Member Limited Liability Company - TKV) into the parent company - TKV.
The Board of Members of TKV decided to merge subsidiaries into the Parent Company - TKV after the Prime Minister approved the policy according to the proposal of the Ministry of Finance.
Regarding the merger order and procedures, after the Resolution is issued, the Ministry of Finance will preside over and coordinate with the Ministry of Home Affairs, the Ministry of Agriculture and Environment, the Ministry of Industry and Trade and relevant agencies to review, complete and be responsible for the dossier and Submission to the Prime Minister for approval of the merger policy.
The Board of Members of TKV shall consider deciding under its authority to merge subsidiaries into parent companies - TKV to ensure compliance with the documents and projects submitted to the Ministry of Finance in Clause 1 above, in accordance with current legal regulations, ensuring a streamlined, effective and efficient apparatus, and continuous operation of the enterprise throughout the merger process, improving capital efficiency; responsible for proposals and effectiveness of arrangement and merger.
The Ministry of Finance guides the organization of the merger to ensure compliance with the provisions of corporate law, the law on management and investment of state capital in enterprises; fulfills tax obligations to the state budget according to the provisions of the law on tax management; does not allow any loss, waste, negativity, or complaints in the process of merging; supervise the implementation of the above merger to ensure effective use of state capital invested in enterprises.
