Is a Vehicle Registration Certificate Considered an Asset?

According to Clause 8, Article 6 of the Law on the State Bank of Vietnam 2010, negotiable instruments serve as evidence confirming the obligation to repay debt between the institution issuing the negotiable instruments and the holder thereof, within a specified period, under specific interest payment conditions and other terms.

As stipulated in Official Dispatch 141/TANDTC-KHXX of the Supreme People's Court, negotiable instruments include:

- Drafts, promissory notes, cheques, other negotiable instruments defined in Article 1 of the Law on Negotiable Instruments 2005;

- Government bonds of Vietnam, corporate bonds, promissory notes, shares as specified in point c, Clause 1, Article 4 of the Ordinance on Foreign Exchange in 2005;

- Treasury bills, drafts, bonds, public debts, and other instruments that give rise to debt obligations as specified in point 16, Article 3 of the Law on Public Debt Management 2009;

- Various types of securities (shares, bonds, fund certificates; pre-emptive rights, warrants, call and put options, futures contracts, groups of securities or stock indices; investment capital contribution contracts; other types of securities as prescribed by the Ministry of Finance) as stipulated in Clause 1, Article 6 of the Law on Securities 2006 (amended and supplemented in 2010);

- Corporate bonds as prescribed in Article 2 of Decree No. 52/2006/ND-CP dated May 19, 2006, of the Government of Vietnam on "Issuance of Corporate Bonds"…

This Official Dispatch also clarifies that certificates of property ownership (Land Use Right Certificates; House Ownership Certificates, Motorbike Registration Certificates, Car Registration Certificates, etc.) are not considered "negotiable instruments."

==> Therefore, as per the above regulations, a vehicle registration certificate is not a negotiable instrument and should not be regarded as an asset.

We hope that our advice will help resolve your concerns.

We wish you health and success!