Vietnam: Determination of selling price of the receivables from financial leasing contracts

16:05, 11/03/2018

The State Bank of Vietnam issued Circular No. 20/2017/TT-NHNN on sale of receivables from financial leasing contracts.

According to Circular No. 20/2017/TT-NHNN of the State Bank of Vietnam, the determination of selling price of the receivables from financial leasing contracts is guided as follows:

- The determination of selling price of the receivables must ensure transparency and compliance with law provisions; the selling price must be in accordance with the market principles.

- The selling price of receivables under agreement, reserve price in case of asset auction shall be determined based on the book value of the receivables, identification of the lessee’s solvency, the value of the leased asset, classification of debts from financial leasing and other market factors.

- The determination of selling price of receivables under agreement, reserve price in case of asset auction shall be determined by the receivables sale council.

More details can be found in Circular No. 20/2017/TT-NHNN of the State Bank of Vietnam, which takes effect from February 12, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

1 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn