Vietnam: What is the latest form of debt confirmation minutes in 2022? Is it possible to transfer the debt to a third party?
What is debt?
When an enterprise has a business incident such as buying and selling products, goods, services, etc. or makes a payment in a period with another individual/organization. The remaining amount owed to the next period is called a debt.
It can be understood according to the provisions of law that a debt is a type of civil obligation in which the parties are obliged to pay each other the unpaid amount.
Current debts can be divided into two types:
- Receivables: includes money from selling products, goods, providing services to customers but not yet receiving money,...
- Liabilities: includes payables to suppliers for supplies, tools, materials, goods, services, etc. that the enterprise has not yet paid.
Vietnam: What is the latest form of debt confirmation minutes in 2022? Is it possible to transfer the debt to a third party?
When will debt confirmation minutes be used in Vietnam?
In case it is necessary to accurately confirm the debts between the enterprise and its partners, and between the individual and the individual, the two parties shall make a record of debt confirmation after comparing the debts with each other.
What is the latest form of debt confirmation minutes in Vietnam?
You can refer to some form of debt confirmation minutes in Vietnam that we provide below:
Form 01:
Download Form 01: Here.
Form 02:
Download Form 02: Here.
Form 03: Form of debt confirmation minutes for individuals
Download Form 03: Here.
Is it possible to transfer the debt to a third party in Vietnam?
Pursuant to the provisions of Article 370 of the 2015 Civil Code, specific provisions on the transfer of obligations are as follows:
Transfer of civil obligations
1. An obligor may transfer a civil obligation to a subrogatee of the obligor with the consent of the obligee, except where the obligation is personal to the obligor or where the law provides that the obligation may not be transferred.
2. Upon a transfer of the obligation, the subrogatee of the obligor shall become the obligor.
Accordingly, the transfer of a debt to a third party is an agreement between the transferor and the transferee (third person) on the basis of that person's consent. When a debt is transferred, the party accepting the transfer is obliged to pay the debt.
Here is some of the information we provide to you. Best regards!
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