The Debt and Asset Trading Corporation (DATC) will increase its charter capital from current 2.48 trillion VND (113.8 million USD) to 6 trillion VND (273.2 million USD).
This circular is expected to replace Circular No 79/2011/TT-BTC dated June 8, 2011.
The draft circular stipulates regulations on asset disposal. According to the draft, asset evaluation to clarify the starting price for selling or for negotiations on share contribution, joint ventures and conversion would be done as per regulations for businesses in which the government holds 100 percent of charter capital.
The draft states that DATC would be able to buy debts and assets which debt owners want to sell, including land-use rights, bonds and debts.
It also shows different rules for disposal of debts and assets.
Established in 2004 with a charter capital of 2 trillion VND (94 million USD), funded by the State budget, the DATC was recognised as a special State-run company. It aims to deal with bad debts and unused assets of State-owned groups and corporations to improve their financial condition, promote restructuring and transform them into joint-stock companies.
The DATC can settle debts by directly retrieving debts, resuming guaranteed assets, selling debts and changing debts into capital contribution.
The corporation would be able to review and settle debts by delineating and extending debts or by adjusting the interest rate of the debt.
As for purchased assets, DATC can sell the assets or use them to contribute capital to joint ventures, lend or convert them, or repair or upgrade assets for sale, lease or doing business.
Direct asset sales would be implemented after auctions or offers for sale as per the regulations.
In the first half of the year, DATC had a total revenue of 900 billion VND (41.2 million USD) including revenue from debt trading of 700 billion VND (32.1 million USD), increasing 1.47 times in comparison with the same period last year.
The corporation dissolved debt and assets at 33 enterprises with total revenue of 62.4 billion VND (2.86 million USD), five times higher than the corresponding period last year.
Last year, it contributed 68.3 billion VND (3.13 million USD) to the State budget.-VNA
The UK hopes to expand business and investment in Vietnam to double bilateral trade in the near future, UK Prime Minister David Cameron said at a workshop held in Ho Chi Minh City on July 30.
An official of Ho Chi Minh City held a working session on July 30 with a visiting UK business delegation who came to learn about cooperation opportunities in local infrastructure development.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
A ship owned by Vinalines (Source: VNA)
