CIS DRS

B2B DEBT COLLECTION IN VIETNAM

Debt portfolio management & Debt recovery
We recover your bad debts for the success fee.

What is better – litigation or amicable and commercial debt recovery?

Of course, it is always to make the right decision when the matter is related to the payment for the issued bill. Litigation is the most popular option to resolve money issues and collecting debt from businesses.

There is no minimum amount required to start a judicial process in Vietnam. Even so, the costs to carry it out may cause it to be inconvenient. In general, the costs of recovery through judicial proceedings are likely to be unreasonably high.

Furthermore, you should keep in mind that direct litigation is not common in Vietnam. Due to the culture and praxis, companies prefer to find solutions to their problems through mediation.

Additionally, it should be noted that the companies, which own finances to their partners, are not usually looking forward to fulfilling the court ruling. It is not common for the local companies to get loans or be credited by the partners to return finances under obligations within the nearest possible time.

Moreover, it often happens that after the debt occurs, the phone numbers become invalid, no additional contact information can be found on them, and the office of the company appears to be empty.

Hence, in case you have a debt, it is better to look for a help of an expert – professional collector in the region.

So, who can help you with your debt in Vietnam?

judicial process in Vietnam
If the importer violated the contract and did not pay off the debt, you can always contact the commercial collection agency. A business collections agency is operating worldwide, provides a full range of corporate debt collection services, including initiating due diligence of the debtor; a combination of correspondence with follow-up phone calls and video conferences, e-mail, and personal meetings; preparation of legal notice/demands/pretrial claim if necessary. Actually, the full range of necessary actions for business debt recovery.
For example, CIS DRS (a B2B debt collection agency) lawyers achieve an amicable settlement by the involvement of the parties in the negotiation process, fact-finding, identifying problems, clarifying questions, development of repayment options, assessment of the debtor's motivation, reaching an amicable commercial agreement with the client and the debtor, and finally careful monitoring of settlement execution.

Note that to avoid debt occurrence you need to thoroughly examine all the information about each potential partner (contact details, credit rates, reputation on the international market, etc.). Also, treat all documents responsibly and practice recording everything both on paper and in electronic form. Finally, issue invoices and get paid as soon as possible, negotiate about the prepayments if attainable.
AT A GLANCE
Serving Clients in VIETNAM for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT RECOVERY IN VIETNAM

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN ASIA:

TEL: +86-532-82-02-2526
EMAIL: asia@cisdrs.com

1805 Parkson International Business Center, 44-60
Zhongshan Road, 266001, Qingdao Shandong, CHINA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)
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