New Text Notification

Vietnam: Procedures for online registration of security interests

11:33, 05/09/2017

On September 01, 2017, the Government of Vietnam issued Decree No. 102/2017/NĐ-CP on registration of security interests.

According to Decree No. 102/2017/NĐ-CP of Vietnam’s Government, procedures for online registration of security interests are as follows:

- The applicant uses user code for the security interest database, online account assessing to the online registration system for making declaration on the online registration interface;

- The online registration system verifies if the security interest registration is successful on the online registration interface;

- The registry shall return a certificate of security interest registration bearing the registry’s certification in person at the registry, by post or other methods.

The provision that in case of online registration of security interest in personal/movable property, the natural person, juridical person, or household shall be issued with a user code for the security interest database is a new notable point of Decree No. 102/2017/NĐ-CP.

View more details at Decree No. 102/2017/NĐ-CP of Vietnam’s Government, effective from October 15, 2017, replacing Decree No. 83/2010/NĐ-CP.

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