Merging 2 subsidiaries into the parent company - Vietnam National Coal - Mineral Industries Group

(Chinhphu.vn) - The Government has just issued Resolution No. 360/NQ-CP dated November 10, 2025 on the application of legal provisions when merging subsidiaries into the parent company - Vietnam National Coal - Mineral Industries Group.

The Board of Members of TKV decides to merge subsidiaries into the parent company - TKV after the Prime Minister approves the policy.

Specifically, the Resolution allows the application of the provisions of Decree No. 23/2022/ND-CP dated April 5, 2022 of the Government on establishment, rearrangement, conversion of ownership, transfer of ownership representation rights at enterprises in which the State holds 100% of charter capital as proposed by the Ministry of Finance when implementing the rearrangement in the form of merging subsidiaries of the 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 decides to merge subsidiaries into the parent company - TKV after the Prime Minister approves the policy at the request of the Ministry of Finance.

Merger procedures and order

The Resolution stipulates the order and procedures for merger as follows:

1. After the Resolution is issued, the Ministry of Finance shall 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 the Submission to the Prime Minister for approval of the merger policy.

2. The Board of Members of TKV shall consider and decide, within its authority, on the merger of subsidiaries into the Parent Company - TKV, ensuring compliance with the documents and plans submitted to the Ministry of Finance in Clause 1 above, in accordance with current legal regulations, ensuring a streamlined, effective and efficient apparatus, continuous operation of the enterprise throughout the merger process, and improving capital use efficiency; and shall be responsible for the proposal and effectiveness of the arrangement and merger.

3. The Ministry of Finance shall guide the implementation of the merger to ensure compliance with the provisions of the law on enterprises, the law on management and investment of state capital in enterprises; fulfill tax obligations to the state budget in accordance with the law on tax management; prevent loss, waste, negativity, and complaints during the merger; supervise the implementation of the above merger to ensure effective use of state capital invested in enterprises.

This Resolution takes effect from the date of signing and promulgation (November 10, 2025).

Snow Letter

Source: https://baochinhphu.vn/thuc-hien-sap-nhap-2-cong-ty-con-vao-cong-ty-me-tap-doan-cong-nghiep-than-khoang-san-viet-nam-102251110174528386.htm