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Taking security in Vietnam

4 June 2015

Client Notes


Vietnamese laws regarding security transactions are based on civil law concepts. Although the legislation relating to secured transactions is fairly well developed, there are certain important limitations that should be borne in mind, and practical implementation and enforcement may be uncertain.

This note provides a brief overview of the types of security available to secure a borrower’s obligations under Vietnamese law, based on the texts listed and defined in the Annex.


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