DATC Company colluded with SCB Bank, which used to be a member of Vietnam Debt Trading Company.

Recently, a number of newspapers and websites have reported that a number of valuation companies, including "DATC Company", colluded with individuals at SCB Bank to illegally issue valuation certificates to legalize loan applications of Van Thinh Phat Group, thereby causing particularly serious damage.

Regarding this issue, Vietnam Debt Trading Company Limited (DATC), Ministry of Finance said, "DATC Company" related to the Van Thinh Phat Group case is actually the full name: "DATC Real Estate - Asset Consulting - Services Joint Stock Company" (abbreviated name in the Business Registration Certificate is DCSC).

Datc company in agreement with SCB bank was once a member of Vietnam debt trading company image 1 — DATC Company colluded with SCB Bank, which used to be a member of Vietnam Debt Trading Company. (Photo: NQS)

Regarding the establishment process of DATC Property - Real Estate Consulting - Services Joint Stock Company, the predecessor of the Company is the Property - Real Estate Consulting and Services Information Center under the Department of Public Asset Management - Ministry of Finance.

On November 29, 2007, the Minister of Finance issued Decision No. 3776/QD-BTC transferring the Center for Information, Consulting - Services on assets - real estate to the Vietnam Debt Trading Company (DATC) for management.

After receiving the Center for Consulting Information - Services on assets - real estate according to Decision No. 3776/QD-BTC mentioned above, DATC converted to establish a joint stock company called "DATC Consulting - Services on assets - real estate Joint Stock Company" with a charter capital of 10 billion VND, in which DATC holds 60% of the charter capital (6 billion VND corresponding to 600,000 shares).

Implementing the Government 's policy on divesting state capital from enterprises, in November 2014, DATC divested all shares (100% of contributed capital) from DATC Real Estate Consulting and Services Joint Stock Company.

Vietnam Debt Trading Company Limited (DATC), Ministry of Finance emphasized: Since November 2014, DCSC Company has operated independently, has no binding relationship and is no longer a member unit of DATC.

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