Corporate Charter of Debt & Asset Trading Corporation Ratified

On June 8, 2011, the Vietnamese Ministry of Finance issued the Circular 79/2011/TT-BTC to ratify the corporate charter of Debt and Asset Trading Corporation (DATC).

 

Accordingly, the wholly State-owned DATC’s governance and controlling apparatus includes the board of members, supervisors, general director, deputy general directors, chief accountant and assistants. The government assigns the Ministry of Finance to represent the State ownership at DATC and the ministry authorizes the board of members exercise some of its rights and responsibilities at the corporation.

 

DATC has a charter capital of VND2,481 billion. Its major business are trading corporate outstanding debts and assets; settling purchased debts; consulting and brokering debt settlement, and other businesses.