Safer Personal Loan Agreement in Vietnam:7 Essential Legal Insights

Lending money is easy. Getting it back? That’s where it gets tricky. A friend asks. A family member needs help. A colleague makes a compelling case. You say yes. The money is transferred. Time passes. But silence follows. Suddenly, you’re no longer a generous lender. You’re a reluctant debt collector. In Vietnam, where personal loans are often exchanged informally over trust, too many lenders end up in frustrating legal tricky situation. That’s why creating a personal loan agreement in Vietnam that’s not only clear but enforceable is crucia…