Vietnam: 10 types of properties subject to registration of security interests and contracts

Registration of security interests for assets is done to ensure the fulfillment of certain obligations between parties. The following is a list of 10 types of properties that may be registered at Registration Centers upon request as specified in Circular No. 08/2018/TT-BTP of the Ministry of Justice of Vietnam.

1. Automobiles, motorcycles, other road motor vehicles; railway vehicles;

2. Fishing vessels; inland watercrafts;

3. Machinery, equipment, production line, raw materials, fuels, materials, consumer goods, other goods, precious metals, gemstones;

4. Vietnamese currency and foreign currencies;

5. Stakes of enterprises prescribed by the law on enterprise;

6. Stocks, bonds, bills of exchange, promissory notes, deposit certificates, fund certificates, checks and other valuable papers prescribed by law can be monetized and are permitted for transactions; other legal receivables from natural persons and juridical persons;

7. Property rights prescribed in Article 115 of the Civil Code of Vietnam, except for land use rights;

8. Profits, right to receive payout for collateral or other benefits obtained from the collateral mentioned in this Article; profits earned from operation of aircraft and ships; profits earned from trading and use of value of land use rights or property on land; receivables and fees obtained by investors during their investment, trading and development of house construction project and construction project;

9. Other movable property prescribed in Article 107 of the Civil Code;

10. Houses and other works that are temporarily built and the ownership thereof is not certified as prescribed in Clause 2 Article 35 of Decree No. 43/2014/ND-CP of Vietnam’s Government.

Circular No. 08/2018/TT-BTP of the Ministry of Justice of Vietnam officially takes effect from August 04, 2018 and replaces the following documents:

- Circular No. 22/2010/TT-BTP;

- Circular No. 05/2011/TT-BTP;

- Circular No. 08/2014/TT-BTP;

- Circular No. 11/2015/TT-BTP.

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