Civil Law in Vietnam: Protecting Rights and Harmonizing Transactions
Civil Law is the "root" of the legal system, governing the daily interactions between individuals and organizations. In Vietnam, the Civil Code 2015 serves as the primary legal framework, ensuring equality, freedom of contract, and the protection of civil rights. For entrepreneurs and expatriates, a firm grasp of Civil Law is essential for secure living and sustainable business.
Civil Law
IS IT LEGALLY PERMISSIBLE TO SETTLE A GOLD DEBT IN CASH?
In everyday life, asset borrowing is a common civil transaction aimed at meeting the capital and asset needs of organizations and individuals. While the subject matter of such loans is typically money, gold lending transactions have become increasingly popular. This is especially true in a market context where gold is considered a highly valuable asset for accumulation, capable of preserving wealth amidst economic fluctuations. However, due to the inherent nature of gold—an asset whose value fluctuates continuously over time—gold loans often entail significant risks and are prone to disputes regarding repayment obligations. Consequently, a key legal issue that arises is: Is the borrower of a gold loan permitted to repay the debt in cash?
[LEGAL PERSPECTIVE] Managing Collection and Disbursement Funds in Apartment Operations
This article provides a detailed legal analysis of the misappropriation of collected funds by a Residential Management Unit under Vietnamese law. We will examine the misuse of utility fees from a legal perspective and outline the potential sanctions applicable to such contractual violations. We hope this insight serves as a valuable resource for both residents and management units to better understand their respective rights and obligations.