DATC to Boost Debt Trading Operations

The Debt Asset Trading Company (DATC), under the umbrella of the Ministry of Finance, on April 6 launched a center for transaction, investment and consultation for debt and asset trading, in a bid to step up its operations in the northern region.

The center director Pham Ngoc Thao said that his center is designed to tighten control over debts and assets of enterprises in the region.

The new center is assigned to acquire and handle overdue debts and unresolved assets of bankrupt, dissolved or merged companies. It will also cover the asset management and investment.

DATC general director Pham Phan Quang said that the Hanoi city is considered transferring debts and assets of its enterprises to DACT and the affiliated center to process within this year.