Security, credit legislationand

legal aspects of lendingin Vietnam

(Updated Sep 2015)

Legal regulations for lending activities in Vietnam

• Law on credit institutions number 47/2010/QH12

• Civil Law 33/2005/QH11 • Lending Regulations (issued by State Bank of

Vietnam): Decision 1627/2001/QĐ-NHNN , decision 127/2005/QĐ-NHNN (amending Decision 1627)

Legal regulations on collateral

• Degree 163/2006/NĐ-CP on secured transactions, Decree 11/2012/NĐ-CP (amending Decree 163)

• Decree 83/2010/NĐ-CP guiding registration on secured transactions, Decree 05/2012/NĐ-CP (amending Decree 83)

• Inter-Circular No. 16/2014/TTLT-BTP- BTNMT-NHNN guiding some issues on disposing secured collaterals

Other relevant laws and regulations

• Circular 07/2014/TT-NHNN stipulates regulations on Bank Guarantee

• Bankruptcy Law No 51/2014/QH13• Circular 46/2014/TT-NHNN guiding on non-

cash payment services• Anti money laundering law No 07/2012/QH13Source of information: http://www.sbv.gov.vn