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Vietnam: Enforcement costs paid to persons participating in enforcement of Court judgements against commercial entities

Bảo Ngọc

16:06, 13/07/2021

On July 08 2021, the Ministry of Finance of Vietnam issued Circular No. 55/2021/TT-BTC providing instructions about management, allocation, advance payment and reimbursement of costs or funds for enforcement of Court judgements against commercial entities.

According to the Circular No. 55/2021/TT-BTC, enforcement costs in which benefits paid to persons mobilized to directly participate in and guard enforcement activities are prescribed as following:

- Amount paid to a person leading the implementation of a law enforcement decision who works for an authority implementing a law enforcement decision is VND 150,000 per day on duty;

- Amount paid to a person mobilized to participate in the execution of a law enforcement decision is VND 100,000 per day on duty.

Moreover, enforcement costs prescribed in Article 43 of the Decree No. 44/2020/NĐ-CP shall be treated based on contracts, contract termination records, minutes on handover of distrained property (in case of the authorized custody of distrained property), invoices and evidence of actual, legitimate and valid expenditures in accordance with current regulations and must be subject to approval granted by enforcement decision makers.

Circular No. 55/2021/TT-BTC takes effect from August 25, 2021.

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