Business lines that Vietnam Debt and Asset Trading Corporation (DATC) allowed to do business

Le Hai

16:15, 28/10/2020

This is a notable content of the Decree No. 129/2020/NĐ-CP on the functions, tasks and operational mechanism of the Vietnam Debt and Asset Trading Corporation (DATC), issued on October 27, 2020.

According to the Decree No. 129/2020/NĐ-CP of Vietnam’s Government, with the function of supporting restructuring, arranging for the transformation of wholly State-owned enterprises, DATC has the right to do business in the following business lines:

- Main business lines:

+ Receiving and handling debts and assets;

+ Purchasing and handling debts and assets;

+ Corporate restructuring through buying, selling and debt handling activities.

- Business lines supporting main business lines:

+ Management, investment, exploitation and handling of real estate projects in the following cases: debt security assets, debt-receipt assets and assets purchased and received under the Government's or Prime Minister's designation in accordance with law;

+ Consulting on debt, asset, purchase, sale, merger, and restructuring;

+ Conducting valuation activities; debt management and debt collection services on the basis of ensuring all operating conditions as prescribed by law.

View more details at the Decree No. 129/2020/NĐ-CP of Vietnam’s Government, effective from December 10, 2020.

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