THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 07/2003/TT-NHNN
Hanoi, May 19, 2003
 CIRCULAR
GUIDING THE IMPLEMENTATION OF A NUMBER OF REGULATIONS ON CREDIT INSTITUTIONS’ LOAN SECURITY
Pursuant to the Government’s Decree No.178/1999/ND-CP of December 29, 1999 on credit institutions’ loan security;
Pursuant to the Government’s Decree No.85/2002/ND-CP of October 25, 2002 amending and supplementing Decree No.178/1999/ND-CP of December 29, 1999 on credit institutions’ loan security;
The State Bank of Vietnam hereby guides a number of regulations on loan security in the above documents so that credit institutions implement them when providing loans under the Vietnam State Bank’s Regulation on Providing Loans as follows:
 
I. LOAN SECURITY WITH MORTGAGED OR PLEDGED PROPERTIES OF BORROWERS, GUARANTEE WITH PROPERTY OF THE THIRD PARTY
1. Credit institutions may select fully qualified properties as loan security and select the third parties to provide security with their properties.
2. Properties of borrowers and the third parties may be used as loan security.
2.1. Pledged properties:
a) Machinery, equipment, transport means, raw materials, fuel, materials, consumer goods, precious metals, gemstones and other valuable objects;
b) Foreign currencies in cash, credit balances on deposit accounts at organizations providing payment services in Vietnamese and foreign currencies;