The Vietnam Chamber of Commerce and Industry (VCCI) in co-operation with the Finance Ministry’s Department of Finance and Banking met last week to discuss a draft decree concerning debt collection businesses.
Director of VCCI’s Legal Department, Tran Huu Huynh, said some 70 enterprises nationwide are currently engaging in debt collection. In addition, a number of law firms provide consulting services on this issue.
Huynh said that debt collection has become a ‘commodity’ in today’s society and a real demand exists for this kind of service, especially for companies in the telecom, electricity and water supply sectors with large networks of customers.
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