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ARTICLE · 10 NOVEMBER 2010

Decree 83 on Registration of Secured Transactions

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On 23 July 2010 the Government issued Decree No. 83/2010/ND-CP on registration of secured transactions (Decree 83).

VietnamFinance and Banking
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Article by Dao Nguyen , Toby Nicholas Rees and Thinh Phu Dan

Originally published 10 November 2010

Keywords: Decree 83, registration, secured transactions, secured assets

On 23 July 2010 the Government issued Decree No. 83/2010/ND-CP on registration of secured transactions (Decree 83). Registration of a secured transaction means the recording in a secured transaction register or entry into a secured transactions database by registry of assets over which security has been created to secure the performance of a civil obligation owed to a secured party.

The salient provisions of Decree 83 are discussed below.

Scope of Regulation

Decree 83 contains provisions on the procedures for registration of, and the provision of information on, secured transactions involving secured assets. It also provides for the organisation, and sets out the tasks and powers of secured transaction registries and the State management of the registration of

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