Procedure for Payment of Enforcement Guarantees by Commercial Legal Entities

Duy Thinh

13:58, 11/07/2024

the Government of Vietnam has just approved Decree No. 115/2017/ND-CP providing guidance on the order, procedures, and amount of money that a commercial legal entity (PNTM) must pay to ensure enforcement of a judgment (THA).

Within a period of 07 days from the date of receiving the decision to apply the measure to compel payment to ensure enforcement, PNTM must complete the payment.

- In the case of payment at a bank: PNTM may transfer funds or pay in cash through the bank's transaction channels and request the bank to issue a payment receipt or transfer document.- In the case of payment at KBNN: The representative of PNTM may choose one of the following 02 methods:- Prepare 04 copies of the deposit slip if paying in cash; or- Prepare 04 copies of the payment order if debiting an account at KBNN.- In the case of cash payment at a financial institution within the Military:

The receiving agency prepares a money receipt record, signed by the payer, the recipient, and the representative of the agency that issued the decision to apply the measure to compel payment to ensure enforcement.

Decree No. 115/2017/ND-CP has been effective since January 01, 2018.

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