Cổ phần hoá các doanh nghiệp thành viên của tổng công ty tư vấn thiết kế giao thông vận tải

t 1J • I TRUONG DAI HOC KINH TE QUOC DAN — ♦ NGUYEN THU NGA DAI HQC KTQD TT TH6NG TIN THU VI(N PHONG LUAN AN- TV LIgU CO PHAN HOA CAC DOANH NGHIEP THANH VIEN CUA TONG CONG TY TIT VAN THIET KE GIAO THONG VAN TAI ■ Chuyen nganh: Kinh te chinh tri LUAN VAN THAC SY KINH TE • • Ngtfdi hVOng dan khoa hoc: PGS.TS Tran Tho• Da• t THS 3W HA NOI - 2007 11 If MUC LUC DANH MUC CAC CHET VIET TAT TOM TAT LUAN VAN PHAN MC) DAU: Ch iron g 1: LY LUAN CHUNG VE CPH DNNN 1.1 Nhirng van de co ban ve CPH DNNN o’ Viet nam 1.1.1 Khai niem, dac trimg, noi dung ve CPH DNNN 1.1.2 Nhirng nhan to anh hirong den qua trinh CPH DNNN 12 1.1.3 Su can thiet CPH DNNN o Viet nam 28 1.2 Qua trinh CPH DNNN o’ Viet nam va nhirng van de dat 35 1.2.1 Thye trang qua trinh CPH DNNN b Viet nam 35 1.2.2 Nhirng van de dat cho qua trinh CPH DNNN a Viet nam 38 1.3 Kinh nghiem CPH DNNN o’ Trung Quoc va mot so DNNN nganh GTVT Viet nam 43 1.3.1 CPH DNNN Trung Qudc 43 1.3.2 CPH DNNN b mot so DNNN nganh GTVT 45 1.3.3 Nhirng bai hoc goi mb cho cac DN vien cua TEDI qua trinh CPH 46 Chirong 2: THUC TRANG CPH CAC DN THANH VIEN CUA TONG CONG TY TUT VAN TKGTVT 47 2.1 Mot so net khai quat ve Tong cong ty tir van thiet ke GTVT va qua trinh hinh phat trien cac DN vien cua Tong cong ty 47 2.1.1 Mot so net khai quat ve Tong cong ty tir van TK GTVT 47 2.1.2 Qua trinh hinh va phat trien cua cac DNNN thuoc TEDI 52 2.2 Tinh hinh CPH cac DN vien cua TEDI 61 2.2.1 Chii trirang va tinh hinh trien khai thirc hien CPH nganh GTVT 61 2.2.2 Thuc trang qua trinh CPH cac DNNN thuoc TEDI 63 2.3 Danh gia tinh hinh thuc hien CPH cac DN vien cua TEDI 82 82 2.3.1 DChU gic ve cohghCc xCc dihU GTDN 2.3.2 NUuhg hUahU cohg da dnh dune 86 r * 2.3.3 NUuhg Unh cUe va hguyeh hUah ton tai 89 Chvong 3: r a * • •» r r , * _ _ x _ DINH HUONG VA CAC GIAI PHAP CO BAN NHAM r r * * A _ < _ _ ~ _ THUC DAY QUA TRINH CPH CAC DN THANH VIEN CUA TEDI 93 3.1 Mot so dinh hvOng co' ban nham thuc day qua trinh CPH cac DN vien Tong cong ty tv van TKGTVT 93 3.1.1 Muc hieu va dihU Uuohg cua Bc GTVT ve CPH DNNN 93 3.1.2 DihU Uuohg cua TEDI ve CPH DNNN 99 3.2 Nhvng giai phap nham thuc day qua trinh CPH cac DN vien cua TEDI 102 3.2.1 NUom giai pUCp ve hu huohg va ho cUuc CPH 102 3.2.2 NUom giai pUCp ve moi hruohg hUe cUe 105 3.3 Mot so kien nghi de xuat nham thuc day qua trinh CPH DN 118 KET LUAN 121 DANH MUC • TAI LIEU • THAM KHAO CAC CHC VIET TAT Viet tat TEDI Nguyen nghia Tong cong ty tu van thiet ke giao thong van tai (Ten giao dich Quoc te) DNNN Doanh nghiep nha nunc DNTN Doanh nghiep tu nhan CTCP Cong ty co phan XHCN Xa hoi chu nghia CNTB Chu nghia tu ban SXKD San xuat kinh doanh BCDDM & PTDN Ban chi dao doi moi va phat trien doanh nghiep DN CPH Doanh nghiep co phan hoa GTVT Giao thong van tai KSTK Khao sat thiet ke BTCT Be tong cot thep KHCN Khoa hoc cong nghe TSCD Tai san co dinh TSLD Tai san luu dong KTPL Khen thudng phuc loi DN Tong cong ty TVTK GTVT Trung tam GDCK Doanh nghiep Tong cong ty tu van thiet ke giao thong van tai Trung tam giao dich chung khoan TTCK Thi trudng chung khoan GTDN Gia tri doanh nghiep DANH MVC CAC BANG BIEU a r r f Bang 1: Bang ket qua xac dinh GTDN theo phuong phap dong tien chiet khau tai then diem 31/12/2004 65 f _ Bang 2: Bang ket qua xac dinh GTDN theo phuong phap tai san tai thoi diem 31/12/2004 66 Bang 3: Bang ket qua xac djnh GTDN theo phircmg phap dong tien chiet khau (31/12/2004) 68 Bang 4: Bang ket qua xac dinh GTDN theo phuong phap tai san tai thdi di£m(31/12/2004) 68 Bang 5: Bang ket qua xac dinh GTDN theo phuong phap dong tien chiet khau (31/12/2004) .' 70 Bang 6: Bang ket qua xac dinh GTDN theo phuong phap tai san (31/12/2004)70 Bang 7: Bang xac dinh gia tri DN theo phuong phap dong tien chiet khau (31/12/2004): 72 Bang 8: Bang xac dinh gia tri DN theo phuong phap tai san (31/12/2004) .72 Bang 9: Bang ket qua xac dinh gia tri DN theo phuong phap dong tien chiet khau (31/12/2004): 74 Bang 10: Bang xac dinh GT DN theo phuong phap tai san (31/12/2004) 74 Bang 11: Bang ket qua xac dinh GTDN cua Cong ty tai 31/12/2004 (Theo phuong phap tai san) 76 Bang 12: Bang ket qua xac dinh GTDN theo phuong phap dong tien chiet khau (31/12/2005): 77 Bang 13: Bang ket qua xac dinh GTDN cua Cong ty theo phircrng phap tai san (31/12/2005): 78 r \ f r Bang 14: Bang ket qua xac dinh GTDN theo phirong phap dong tien chiet khau (31/12/2005): 79 Bang 15: Bang ket qua xac dinh GTDN cua Cong ty tai 31/12/2005 (Theo phirorng phap tai san.) 79 Bang 16 : Bang ket qua xac dinh GTDN theo phuong phap dong tien chiet khau (31/12/2005): 80 Bang 17: Bang ket qua xac dinh GTDN cua Cong ty theo phucmg phap tai san (31/12/2005) 80 Bang 18: Bang ket qua xac dinh GTDN theo phiromg phap dong tien chiet khau (31/12/2005): .81 Bang 19: Bang ket qua xac dinh GTDN cua Cong ty theo phuong phap tai san (31/12/2005) 82 Bang 20: So luong DNNN cua TEDI da chuyen sang CTCP (6/2004 - 1/2007)86 Bang 21: Bang tong hop ket qua xac dinh GTDN cac DN vien cua TEDI87 ' J TR JONG DAI HOC KINH TE QUOC DAN - ♦ NGUYEN THU NGA ** _ *_ 4% M 4% CO PHAN HOA CAC DOANH NGHIEP THANH VIEN CUA TONG CONG TY TIT VAN THIET KE GIAO THONG VAN TAI Chuyen nganh: Kinh te chinh tri TOM TAT LUAN VAN THAC SY KINH tE • • HA NOI ■ 2007 I PHAN M0 DAU Chuong I LY LUAN CHUNG VE CPH DNNN 1.1 Nhirng van de co' ban ve CPH DNNN 6* Viet nam 1.1.1 Khai niem, dac tru-ng, noi dung ve CPH DNNN Fl / Trong nen kinh te thi trudng co rat nhieu loai hinh DN ciing ton tai CTCP la mot loai hinh hoat dong rat bien Thirc te cho thay rang CTCP khong phai la san pham rieng co cua CNTB ma la ket qua tat yeu cua qua trinh phat trien kinh te thi trudng Sy doi va phat trien cua CTCP khong nam y muon chu quan cua bat cu lire lupng nao ma la mot qua trinh kinh te khach quan bdi cac nguyen nhan: - Sy phat trien manh me cua luc lupng san xuat va trinh san xuat doi hoi su tap trung Ion ve von xa hoi - Sy tac dong bdi cac quy luat cua kinh te thi truemg doi hoi cac nha tu ban phai tim each doi moi ky thuat, cong nghe, hop ly hoa san xuat, nang cao nang suat lao dong va gia san pham / r - Su phat trien cua san xuat va luu thong hang hoa dat den mot trinh xa F F hoi hoa nhat dinh lam doi thi truemg von CPI I DNNN la viec chuyen doi hinh thuc so hiru tu DNNN (DN don so huu) sang CTCP (DN da so huu) Trong qua trinh CPH, tai san cua DNNN dupe ban lai cho nguoi lao dong, cac to chuc va ca nhan khac ngoai DN Nha nude chi giu lai mot ty le co phan nhat dinh chinh DN CPH Chinh vi vay, giai phap CPH dap ung dupe nhirng nhu cau buc thiet cua cong cuoc doi moi DNNN dang doi hoi, giai toa dupe nhung kho khan Ngan sach nha F nude, nang cao vai tro lam chu cua nguoi lao dong nham dong vien khuyen khich ho cd trach nhiem dong gop sere luc, tri tue cho hoat dong SXKD noi minh co von gop ii Theo quy dinh tai Nghi dinh 187/2004/ND-CP, cac cong ty nha nude khong thuoc dien Nha nude nam giu 100% von dieu le, thuc hien CPH Tuy theo dieu kien cu the, cac DNNN co the lua chon hinh thuc dupe quy dinh Nghi dinh de CPH Qua trinh CPH DN dune thuc hien theo quy trinh bao gom cac budc (Xay dung phuong an CPH; To chuc ban co phan; Hoan tat viec chuyen DN CTCP) 1.1.2 Nhu-ng nhan to anh hirfrng den qua trinh CPH DNNN; 1.1.2.1 Co che chinh sach : - Co che ban co phan lan dau: Nang cao tinh minh bach, gan vdi thi trudng - Co che quan ly, sir dung tien thu tir CPH: Ho trp DN CPH thuc hien chinh f sach doi vdi ngudi lao dong tai thdi diem CPH - Chinh sach uu dai doi vdi ngudi lao dong DN CPH: Dieu chinh menh gia xuong 10.000 d/CP Ngudi lao dong DN CPH dupe mua uu dai vdi muc giam gia 40% so vdi gia dau binh quan - Chinh sach uu dai doi vdi DN sau CPH: Dupe hudng uu dai nhu DN mdi lap ma khong can phai co thu tuc chung nhan uu dai; dupe hudng them chinh sach uu dai theo quy dinh phap luat ve TTCK doi vdi cac CTCP niem yet tren TTCK - Quan ly phan von Nha nude tai CTCP: Dai dien chu sd huu phan von Nha nude tai CTCP dupe quyen quyet dinh ban tiep co phan thong qua niem yet, dau gia theo quy dinh cua Luat DN va Dieu le cong ty ma khong phai dpi sau nam nhu quy dinh trudc day 1.1.2.2 Cdng tac to chuc thuc hien] - Thuc te cho thay cong tac thuc hien CPH DNNN thdi gian qua chua that quyet liet, tu tudng chd niu keo vi anh hudng tdi quyen lpi cua mot so ca nhan Con co tu tudng ngan ngai, sp trach nhiem doi vdi nhung ton tai phat sinh chuyen doi mo hinh hoat dong DN d Giam doc va can bo iii * quan ly Viec tuyen truyen chu truong CPH cua Dang va Nha nirdc chua dat tcri mure lam cho can bo, Dang vien ngudi iao dong nhan thuc dung ve CPI I, ve quyen lai va vai tro mdi cua ngudi lao dong CTCP Cac quy dinh ve niem yet chung khoan tren thi truong bi han che - Tac dong cua yeu to tarn ly: Thuc te cho thay DN CPH bi phan biet doi xu linh vuc tin dung va thue so vdi DNNN chua thuc hien CPH - Su khac ve nen tang phap ly: DNNN hoat dong tren nen tang phap ly la Luat DNNN DN CPH hoat dong tren nen tang phap ly la Luat DN -Tat ca nhung dieu tren cho thay su phan biet doi xu khong dang co giua DNNN CPH so vdi DNNN thuan De thuc day nhanh tien trinh CPH can doi mdi quan diem va each tiep can doi vdi cac nha hoach dinh chinh sach, phap luat va ca nhung ngudi thuc thi chung Can tiep can theo quan diem chi phan biet giua loai hinh DN hoat dong cd hieu qua, mang lai loi ich cho cong dong va DN hoat dong khong hieu qua cac quan he ve von, tin dung, thue, cong nghe ma khong ke cac DN noi tren thuoc phan kinh te nao 1.1.2.3 Nhung khd khan bat cap viec xu ly no vd xac dinh GTDN d cac DNNN CPH: Ke van de xu ly no: - Doi vdi cac khoan no phai thu: Cac DNNN dac biet la cac DN thuoc loai hinh xay lap, na XDCB keo dai cac cong trinh da dau tu nhung chua co I T * nguon de toan hoac neu co chi' la nho giot dac biet cac cong trinh thuoc nguon von Ngan sach Mot so DN de co du viec lam cho CBCNV da chap nhan bo thau gia thap, dan den tinh trang thua 16 Cong na day dua keo dai nhieu nam von u dong d cac khau toan da gay nhieu khd khan cong tac doi chieu, xac nhan, thu hoi va xac dinh trach nhiem xu ly xac dinh so du cong na tai thdi diem CPH - Doi vdi cac khoan no phai tra: Theo quy dinh DN phai huy dong cac 114 gan ket CPH DN vcri dau gia ban co phan va niem yet tren thi truong giao *■ f dich chirng khoan, tao dieu kien phat trien thi trudng von va thi truong chung khoan Tuy nhien, cung qua mot so cuoc dau gia tren Thi trudng giao dich chung ' r f x r khoan buoc dau cung xuat hien mot so bat cap, can sdm nghien cuu, thao go r t a de viec dau gia co phan qua thi trudng chung khoan thu duoc cdng ldn hon Cu the: ■% r h ? + Viec cdng bd thdng tin ve DN dau gia can duoc quy dinh bd sung chi chinh trudc CPH) de nha dau tu dua quyet dinh dau tu hop ly + Quy trinh dau gia hien thdi ap dung thu cdng (bb phieu tai cac horn phieu), lam han che kha nang tham gia rong khap cua nha dau tu nudc f r r ■> \ va quoc te Can bb sung quy dinh bb phieu dudi cac hinh thuc hien dai hon (qua horn thu, qua mang ) de co kha nang thu hut nhieu hon cac nha dau tu nudc va quoc te f r r f het, hoac neu het thi khong thu duoc gia toi uu cho Nha nuoc va DN + Can danh mot ty le co phieu nhat dinh de ban cho cac nha dau tu nho thong qua viec dang ky co phan nhung khong ghi muc gia cu the, ma nha dau tu chap nhan muc gia mua binh quan cua thi trudng, de dam bao mot ty le co phieu ban cong chung cho mot sb nha dau tu nhat dinh, tranh viec tap trung co phieu vao tay mot sb nha dau tu chuyen nghiep V / A f Thu ba: Ve van de su dung von: Theo sb lieu thong ke, ke tir co chu truemg CPH DNNN den het thang 06 nam 2006, ca nuoc mdi CPH duoc 3.300 DN va bo phan DN, voi so von 115 huy dong tu xa hoi 22 ngan ty dong vao dau tu kinh doanh Sau gan 20 nam ma mdi CPH duoc 12% so von nha nudc co tai DN la mot ket qua rat khiem ton Dang chu y la van nhieu DN nam 100% von nha nudc hien dang hoat dong linh vuc ma nha nudc khong can nam giu hay chi phoi Song tu cuoi nam 2006, tinh hinh da co su chuyen bien khac Mot so don vi may nam trudc i ach, Ban DMDN thuoc Bo, nganh, dia phuong phai chay tdi, chay lui thuyet phuc ma van "cau gio" thi lai chay dua vdi thoi gian xin CPH bang moi cach Khong chi vay, cac cong ty TNHH cung dang co xu hudng chuyen doi hinh thuc sang CTCP Ngay ca vdi cong ty TNHH Nha nudc mot vien cung da co ke hoach CPH nam 2007 nhu Nhiet dien Phu my (von Dieu le: 1.115 ty dong), Nhiet dien Can tho (von Dieu le: 180 ty dong), Nhiet dien Thu duc (von Dieu le: 66 ty dong) Nguyen nhan chinh cua tinh hinh la suc nong cua TTCK (bao gdm ca thi truong OTC), hien cung van chua dap ung du cau Nhieu cong ty day manh tien chuyen doi sang hinh thuc CPH de ban co phan hoac phat hanh co phieu May nam nay, nganh thep nudc lien tuc bi dong vi thieu nguyen lieu, vi gia phoi thep len xuong that thuong, vi ach tac nhap khau thep phe lieu lam cho loi nhuan tren mot dong von dau tu chi khoang tu 5% - 10%/nam Day la loi nhuan am vi chua tinh den yeu to lam phat va r f ■> r r thap hon ca lai suat huy dong tu Ngan hang Song, gia co phieu cua mot so DN co phan nganh thep lai cao gap den chuc lan so vdi menh gia CTCP dang tro hinh thuc ua chuong nhat hien Day la tin hieu rat dang mung va la dong luc manh de day nhanh tien trinh CPH o nudc ta Tuy nhien, viec lap hoac chuyen sang CTCP khong phai la "mot thoi thuong" o nudc ta Qua thuc te, hinh thuc CTCP da giai quyet duoc van de nan giai nhat * * % % hien la von bang cach huy dong nguon luc xa hoi vao SXKD Dong thoi f • mang den cho DN co che quan ly nang dong, hieu qua, thich ung nhanh vdi 16 dien bien cua thi trudng Nhung cung tu day sinh mot van de can quan tam giai quyet la mot so don vi da nhan su lech pha can can cung - cau tren TTCK nen da day nhanh viec lap hoac chuyen hudng sang hinh thuc CTCP hoac phat hanh co phieu dang duoc cong chung quan tam va san sang tra gia cao Dieu la rat dung vi da don bat duoc co hoi thi trudng Van de la d cho: Do so bi tuot mat thdi co, nhieu DN qua chu tam den day nhanh lap CTCP ma chua quan tam den viec su dung mot cach co hieu qua dong von ay Day chinh la mot van de het suc quan doi vdi cac DN hoat dong co che thi trudng bdi muc tieu cua DN suy cho cung van la loi nhuan Trong co che hien nay, ngoai yeu to dap ung du nhu cau ve von thi mot DN chi co the dam bao duoc su tang trudng ben vung DN biet su dung dong von mot cach co hieu qua Doi vdi cac DN thuoc Tong cong ty TVTK GTVT, la nhung DN mang tinh dac thu, hoat dong lTnh vuc tu van Nguon luc chu yeu cua cac DN y r r r chu yeu la tri tue la "chat xam", chi phi dau tu cho trang thiet bi may moc khong nhieu nen nhu cau ve von hoat dong khong nhieu ma dieu can thiet quan hon la van de su dung dong von co hieu qua Chinh vi vay, cac DN noi chung va cac DN thuoc Tong cong ty tu van r thiet ke GTVT noi rieng can thiet phai xay dung, hoach dinh duoc chien luoc r _ y » r SXKD cua minh thuc su dung dan va phu hop vdi dieu kien dac thu san co cua don vi, phai xay dung duoc Phuong an SXKD bao gom: Cac muc tieu; cac giai phap ma quan nhat la giai phap ve cong tac quan ly tai chinh, giai phap ve cong tac to chuc can bo ve ngudi de phat huy co hieu qua r y r r \ r nhat dong von su dung Dac biet doi vdi cac don vi tien luong chiem ty chu yeu gia san pham nhu cac doanh nghiep thuoc Tong cong ty tu van thiet ke GTVT can phai tung budc bo tri, sap xep can bo phu hop vdi nganh nghe dao tao, nang luc sd trudng de phat huy toi da nang luc, kha nang 17 chuyen mon cua nguoi lao dong Can co ke hoach dao tao, bdi dudng can bo ky thuat co chuyen mon cap cao, co che dai ngo doi vdi cac chuyen gia dau nganh de phat huy toi da kha nang tri tue cua ho dong gop cho cdng ty f r f tro mot nhung yeu to quan cua luc luong san xuat Chinh vi vay de dam bao su tang truong ben vung cac doanh nghiep can chu trong cdng tac dau tu khoa hoc cdng nghe tien tien va nang cao chat luong lao dong Hai Id: Can tiling cao nang luc quan ly cua Nha nuirc CPH Nang cao nang luc quan ly cua Nha nuoc CPH la mot giai phap ■* w nham tang cuong su lanh dao va chi dao cua Dang thuc tien Mac dau den Chinh phu da cd cac van ban trien khai thuc hien CPH DNNN, cac nganh cac co quan chuc nang da cd thong tu hudng dan thuc hien (Bo tai chinh; Bo lao dong va thuong binh xa hoi ) Cac co quan nha nudc co quyen luc de thuc hien CPH (cac Bo, nganh, UBND tinh, ) da dupe lap va di vao hoat dong Da co sir phoi hop giua cac co quan tu Trung uong den dia phuong qua trinh thuc hien CPH nhung de thuc day vung chac hon nua CPH DNNN noi chung va cac DN vien cua Tdng cdng ty x tu van thiet ke r r ”? noi rieng, can thiet phai tiep tuc bo sung va hoan thien mot sd noi dung chu yeu: Thu- nhat: Nang cao nang lye cua ca quan nghien cuu va ban hanh cac van ban, quy dinh CPH DNNN - Cac co quan nghien cuu can soat lai cac van ban phap luat da ban mdi trudng thuan lpi cho viec phat trien cac CTCP va CPH DNNN - Tren co sd cac van ban, nhung quy dinh hien hanh ve CPH va kinh nghiem thuc tien ve CPH d cac Bo, nganh, dia phuong tien hanh hoan thien 118 he thdng bo luat chi tiet va dong bo phuc vu thuan loi cho cong tac CPH - Can nghien cuu ban hanh co che quan ly von Nha nuoc dau tu vao cac DN thuoc moi phan kinh te de theo doi, giam sat viec su dung von cua n DN hoat dong SXKD nham phat huy cao nhat hieu qua str dung ddng von cua cac DN, dac biet la cac DN thu duoc luong von ldn tu cac kenh dau tu thdng qua giai phap CPH Thic hai: Phat huy vai trd cua cac Truong dai hoc vd chuyen nghiep % r Can phat huy tot vai trd cua cac Trudng dai hoc va chuyen nghiep, dac biet la cac trudng thuoc khdi kinh te va Trung tam nghien cuu khoa hoc va bdi dudng nghiep vu ve chung khoan va TTCK de lam tot viec trao doi, cung cap thdng tin, bdi dudng nghiep vu, dao tao du luc luong can bo va nhan vien chuyen nghiep dap ung yeu cau CPH DNNN, quan ly CTCP, xay dung va phat trien TTCK Trong dieu kien nudc ta tien vao hoi nhap vdi nen kinh te quoc te va khu vuc thi van de dao tao va nang cao kha nang ngoai ngu cho luc lupng can bo, nhan vien noi tren la yeu cau can thiet va cap bach Mot thirc te hien nay, hau het cac cdng ty chung khoan, kha nang ngoai ngir de giao tiep vdi cac nha dau tu nudc ngoai rat han che Neu khong sdm dua giai phap de khac phuc ton tai thi co the day la mot trd ngai tuong doi ldn cho qua trinh CPH cua nudc ta gia doan hien 3.3 Mot so kien nghi de xuat nham thuc day qua trinh CPH DN: Doi vdi Nha nurtrc: - Ban hanh mdi hoac sua doi, bd sung cac van ban quy pham phap luat ve sap xep, doi mdi, phat trien DN; Cac quy dinh ve CPH cdng ty nha nudc; Sua doi, bd sung quy dinh ve to chuc, quan ly tdng cdng ty nha nudc, cdng ty nha 119 - Ddi vdi cac DN thuoc cac nganh khong phai dac thu hoac quan trong, Nha nude nen ban het va khong nam giu cd phan tai cac DN nhim khuyen khich cac DN chu dong hoat dong va phat trien san xuat kinh doanh cd hieu qua - Hien Luat dau thau dau tu, xay dung da co hieu luc tu 01/04/2006 Nha nude can co che do, chinh sach de ho tru cac DN de ho vay vdn cung nhu tham gia dau thau bdi tren thuc te cac DN nho le rat khd vay vdn hoat dong thong qua cac to chuc ngan hang cung nhu tham gia dau thau cac Du an - Tiep tuc giai quyet che lao dong ddi du theo Nghi dinh 41/ND-CP nham dam bao quyen lui cho ngudi lao dong va DN va sau qua trinh CPH - Theo cu che ban theo gia dau binh quan, mot so doanh nghiep CPH, •» A T A ngudi lao dong khong mua duuc co phan hoac ban sum co phan cua minh cho cd dong khac gia thuc te cua cd phan thong qua dau gia qua cao so vdi menh gia (cong ty Vinamilk; Khach san Kim lien ) vi vay Nha nude can co chinh sach de ngudi lao dong giu duuc co phan cua minh mot thdi gian nhat dinh - Nghi dinh 187/2004/ND-CP khong co chinh sach ddi vdi doi tuung la lao dong ngheo Nha nude can giu nguyen chinh sach ddi vdi lao dong ngheo nhu trudc day bdi tren thuc te gan nhu doanh nghiep nao cung ton tai it nhieu luc luung lao dong thuoc dien ngheo Can co cu che de dong vien, khuyen khich, giup du ho va cung chinh la the hien truyen thong tuung than, tuung cua dan toe ta - Bo sung cac q.uy dinh phap ly, cac van ban hudng dan ve viec quan ly cua Tdng cong ty vdi cac dun vi vien la cac cong ty cd phan ma Nha 120 / t \ r r nuac nam gia co phan chi phoi boi tren thac te hien dang gap phai nhang lung tung nhat dinh qua trinh thac hien Doi vai TEDI va DN: - Tich cac doi mai to chuc quan ly, nang cao nang lac quan tri cua DN d6 mot thich nghi hon vai co che kinh te thi truong va di6u kien mo rong hoi nhap kinh te quoc te - To chuc so ket, ton£ ket rut kinh nghiem de trien khai rong rai cac mo hinh to chuc quan ly, cac co che quan ly va quan tri DN doi vai cong ty co von nha nuac - Ban bat phan von Nha nuac tai DN qua trinh CPH nham thu hut nguon von dau tu boi tren thac te tam ly cac nha dau tu rat ngai bo tien dau tu vao cac DN ma Nha nuac nam gia co phan chi phoi, tao dieu kien de cac DN vien tham gia cac da an nguon ODA - Tang cuong lien ket cac DN vien, han che canh tramh khong lanh manh giaa cac DN vien, nhat la cac co hoi dau thau va ngoai nuac - Xay dang co che tai chinh cua Tong cong ty va cac DN vien Tong cong ty chuyen sang hoat dong theo mo hinh Cong ty me - Cong ty vai muc tieu nang cao quyen chu dong cho cac DN 121 PHAN KET LUAN CPH DNNN la mot chinh sach mang tinh kinh te xa hoi sau sac, la giai •» x * phap quan duoc khang dinh van de cai cach DN CPH DNNN lam thay doi co cau kinh te quoc gia va mang lai nhung anh hudng tich cuc doi song xa hoi Sau gan hai muoi nam thuc hien CPH, chung ta co the khang dinh rang: CPH DNNN la mot chu truong lon va dung dan cua Dang va Nha nuoc Mac dau qua trinh thuc hien chung ta gap khong it nhung thach thuc, vuong * * £ mac va kho khan, nhien tren thuc te chung ta cung da dat duoc nhung ket qua rat dang khich le z » •» De thuc hien cong viec day manh sap xep, doi moi va nang cao hieu qua hoat dong cua DN, can phai co buoc doi moi co ban ve quan diem va phuong thuc quan ly dieu hanh von Nha nuoctai DNNN Voi noi dung luan van ve van de CPH cac DN vien cua Tong cong ty tu van thiet ke GTVT, thong qua thuc trang cong tac CPH tai cac DN vien Tong cong ty Luan van da dat duoc nhung ket qua nghien cuu sau: He tho ng hoa co so khoa hoc cua CPH DNNN nN chung va cua cac DN vien cua Tong cong ty tu van thiet ke GTVT noi rieng tren quan diem cua chu nghia Mac Le nin Vai tro cua CTCP va su can thiet phai day manh CPH DNNN d TEDI giai doan hien Xac dinh CPH la su lua chon tat yeu nham nang cao hieu qua hoat dong cua DNNN va la mot giai phap tai chinh quan trong, huu hieu va dung huong cho cac DN d Viet nam giai doan hien Day khong phai la su lua chon rieng ch cua Viet nam ma no da X / t f trd bien d hau het cac nuoc da va dang phat trien tren the gioi Thuc chat cua CPH DNNN la phuong thuc thuc hien xa hoi hoa sd huu, 122 chuyen DN tu mot chu so huu la Nha nuoc (DN don so huu) sang DN da so huu (CTCP) He thong hoa qua trinh hinh va phat trien cua Tong cong ty tu van » r thiet ke GTVT va cac don vi vien; cac chu truong chinh sach cua Dang, Nha nuoc, cua Nganh, cua TEDI va tinh hinh trien khai viec thuc hien CPH o Bo GTVT va Tong cong ty tu van thiet ke GTVT Thong qua nghien cuu thuc trang CPH cac DN vien o TEDI, tac gia da lam ro duoc nhung cong va han che ton tai qua trinh CPH de tu dua phuong huong va nhung giai phap co ban nham thuc day qua trinh CPH cac DN vien cua Tong cong ty tu van thiet ke GTVT Cac giai phap duoc tap trung chu yeu o nhom: l)Nhom giai phap ve tu % • z tuong va to chuc CPH; 2) Nhom giai phap ve moi trudng the che Qua tac gia cung da dua mot so kien nghi de xuat nham day nhanh tien trinh CPH cac DN vien cua Tong cong ty tu van thiet ke GTVT Tac gia cung rat hy vong gop duoc phan nho be viec thuc day tien trinh CPH DN vien Tong cong ty noi rieng va tien trinh CPH DNNN o nuoc ta noi chung * z z z z » Mac dau da rat co gang de dat duoc mong muon theo muc dich nghien cuu cua de tai, nhien pham vi nghien cuu tuong doi rong cung nhu mot vai Z Z f f * z han che cua ban than nen chac chan ket qua dat duoc nhieu khiem khuyet Vi vay, tac gia rat mong nhan duoc nhung y kien dong gop cua cac Thay, Co giao, cac dong nghiep, cac chuyen gia de de tai duoc hoan thien va thiet thuc hon doi voi cac DN da dang va se thuc hien CPH Xin tran cam on./ TAI LIEU « THAM KHAO Ban tin CPH doanh nghiep cua Phong thuong mai va cong nghiep (VCCI)sd 2/2005 Ban tin CPH doanh nghiep cua Phong thuong mai va cdng nghiep (VCCI) so 3/2005 Bao cao cdng tac sap xep doi mdi doanh nghiep Tdng cdng ty tu van TKGTVT nam 2005,2006 Bao cao so ket cdng tac thang dau nam va nhiem vu chu yeu cdng tac thang cuoi nam 2006 cua Tdng cdng ty tu van TKGTVT Bao cao tai chinh nam 2002; 2003; 2004; 2005; 2006 cua cac dun vi true thuoc Tdng cdng ty tu van TKGTVT r f Bao cao tai Hoi nghi trien khai cdng tac sap xep, doi moi DN nganh GTVT, "Doi mdi phai gan vdi hieu qua cua DN", Bao GTVT 09/04/2007, trang va 7 Bao cao tinh hinh thuc hien ke hoach CPH nam 2005 cua Bo GTVT Bao cao tinh hinh thuc hien Nghi quyet trung uong 3, Nghi quyet Trung uong (Khoa IX) ve sap xep , doi mdi phat trien va nang cao hieu qua DNNN thuoc Bo GTVT cua Ban can sir Dang bo GTVT Bao cao tdng ket cac nam 2005, 2006 cua Bo giao thong van tai 10 Bao cao tdng ket cac nam 2005, 2006 cua Tdng cdng ty tu van TKGTVT 11 Bao giao thong van tai cac so nam 2005, 2006 12 Bo KH & DT - Website www.mpi.gov.vn: Qua trinh doi mdi DNNN cua Vi et nam 13 Bo tai chinh - Website vvvvvv.mof.gov.vn 14 Chi thi so 36/2006/CT-TTg ve viec thirc hien chuong trinh hanh ddng cua Chinh phu ve day manh sap xep, doi mdi, phat trien va nang cao hieu qua DNNN giai doan 2006 - 2010, Cdng bao so 30 + 31 28/11/2006, trang 52-59 15 Cd phan hoa DNNN - Kinh nghiem the gidi, NXB thdng ke, H 1993 16 Co phan hoa DNNN - Nhung van de ly luan va thuc tien (Tac gia: PGS.TS.Le Hong Hanh - NXB Chinh tri Quoc gia) 17 Co phan hoa DNNN (cac van ban hien hanh), NXB CTQG, H 1998 18 Dang cong san Viet nam - Van kien Dai hoi Ddng IX, X 19 I Id sof CPH cac doanh nghiep true thuoc Tdng cdng ty tu van TKGTVT 20 Ky yeu Tdng cong ty tu van TKGTVT va cac don vi vien 21 Luat Doanh nghiep 22 Nghi dinh so 153/2004/ND-CP 09/08/2004 23 Nghi dinh sd 155/2004/ND-CP 10/08/2004 24 Nghi dinh sd 187/2004/ND-CP 16/112004 25 Nghi dinh so 41/2002/ND-CP 11/04/2002 26 Nghi dinh sd 64/2002/ND-CP 12/06/2002 27 Nguyen Thi Therm, luan an tien sy kinh te vdi de tai "CPH DNNN d Viet nam" 28 Phan Thanh Pho, nhung van de co ban ve kinh te va doi mdi kinh te d Viet nam, NXBQG, 1996 29 Qua trinh doi mdi DNNN d viet nam - Giai doan 1986 - 2000 ( Tac gia: Lee Kang Woo - NXB Dai hoc Quoc Gia) 30 Tai lieu Hoi nghi trien khai Quyet dinh 528/QD-TTg ve ban dau gia co phan nha nuoc nam 2005 cua Uy ban chtrng khoan nha nude 31 Thi truong chung khoan va cong ty co phan, Vien nghien cuu khoa hoc thi trudng va gid cd, H 1989 32 Thong tu so 126/2004/TT-BTC 24/12/2004 33 Thong tu so 13/2005/TT-BLDTBXH 25/02/2005 34 Thong tu s6 18/2005/TT-BLDTBXH 11/05/2005 35 Thong tu s6 19/2004/TT-BLDTBXH 22/11/2004 36 Toa dam ban ve hau CPH cong ty nha nuoc cua TS Tran Tien Cudng Vien QLKTTVV, VCCI 7/2005 37 Toa dam ve chinh sach co tuc va tac dong cua no den CTCP cua TS Nguyen son - Thuoc uy ban chung khoan nha nuoc, VCCI 8/2005 38 Van ban phap quy so 14 nam 2007 PHU LUC • • PHU LUC Bang xac dinh GTDN theo phuang phap ddng tien chiet khau (31/12/2004) Dan vi tinh: VND Chi tieu 2000 2001 2002 2003 2004 2005 2006 2007 2008 quA khu qui khir qud khir qua khir hien tai tuong lai tuong lai tirong lai trung lai Thu nhjp 491 59 596.951 679.272 675.571 817 190 927 920 053.653 1.196.423 1.358 538 n na n.a n.a n.a 463.960 526.826 598.211 679 269 n n.a n.a n.a n.a 278.376 316 096 358.927 407.561 2.968953 3.429.811 3822.201 4.138 538 4416.914 4.733.010 5.091.937 5.499 499 20% 20% 18% 20% 21% 22% 23% 25% sau thue Lqi nhuan sau tliu6(5O%) Lai nhuan sau thu6(30%) Vdn Nha 2.494.112 nircrc 209 Ty suit lgi nhutin sau thue tren VNN Ghi chit: n.a la so lieu khong thu thap duoc r r f r Tu ket qua so lieu co dugc dr bang tren ta tinh dugc gia tri thuc te vdn nha nuoc cua Cong ty tai thdi diem 31/12/2004 la: 5.425.272.000 dong Chenh lech tang so vdi gia tri vdn nha nude theo sd sach ke toan tai cung thdi diem: 1.286.733.000 ddng PHU LUC Bang mot so chi tieu tai chinh co ban cua cong ty nam ke tir thoi diem xac dinh GTDN (31/12/2004): Dam vi tinh: VND STT Chi tiiu Nam 2002 N3m 2003 N3m 2004 C?ng Tdng lpi nhuAn 998.930.175 993.486.963 1.134.987.316 127 404.454 II Cac khoan giam trir 319.657.656 317.915.828 317.796.448 955.369.932 Thud TNDN 319.657.656 317.915.828 317.796.448 955.369.932 III Lpi nhujn sau thue 679.272.519 675.571.135 817.190.868 2.172.034.522 IV Lot nhuan sau thud b/q nam Vdn N'lia nudc tai DN V n.a 3.429.811.206 n.a 3.822.201.162 n.a 4.138.538.758 724.011.507 11.390.551.126 V611 Nha nudc b/q nim n.a n.a n.a 3.796.850.375 Ty suit lpi nhuan sau thue /vdn n.a n.a n.a 19,07% binh qudn Ghi chii: n.a la so lieu khong thu thap cticcrc 31/12/2004 (= 4,138.538.758 dong ) ta tinh duoc gia tri loi the kinh doanh cua DN la: 457.358.894 ddng