Security, credit legislation and legal aspects of lending in Vietnam (Updated Sep 2015)

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Security, credit legislation and legal aspects of lending in 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/QH13 Source of information: