Payment Terms Legislation In Vietnam

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Vietnam

Please scroll down for a summary of payment terms in Vietnam and the various industries across which payment term legislation appears.

To access the complete international payment terms data, download the international payment terms whitepaper.

Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Government Decree No. 37/2015, Detailed Provisions on Construction Contracts, sets a range of advanced payments for construction work valued above set thresholds. A maximum payment term for the construction sector is also set at 14 working days from the date the principal receives a complete and valid payment dossier.

Comm_terms_law Construction
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