CIS DRS

OUTSOURCING DEBT COLLECTION IN VIETNAM

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

​​Why do companies prefer third-party debt collection?

More and more clients do not want to spend money on maintaining a large staff of lawyers who work on a permanent basis to solve problems with debtors in Vietnam. First, issues with debtors may occur regularly. Second, the costs of travel and phone calls abroad can be very high. Thirdly, there is a language barrier that will prevent our clients' in-house lawyers from proving their position.

You can cut your expenses significantly if you hire an outside collection agency for collections in Vietnam. Our main principle is “No win - no fee”. We issue an invoice not for the number of phone calls or emails sent, but only for the payment confirmed and credited to the account of our clients. Because of local presence, our collectors can hold a face-to-face meeting and convince the debtor to pay promptly. If the debtor feels that the creditor is far abroad, he will postpone the execution of his obligations.

What does our 3rd party debt collection agency do in Vietnam?

3rd party debt collectors
Ninh Bình, Vietnam

Our 3rd party debt collectors start working immediately after receiving the case from the client. We conduct informational research, checking the status and activity of the company, its financial position, and credit history. This helps us to find the necessary arguments already during the first negotiations. Then, we contact the management (CEO) via the available phone number and appoint a meeting. In our experience, it is during the meeting when you can feel the opponent and reach the best agreements.
If the debtor avoids negotiating and refuses to pay his bill, we can use legal and reputational pressure. Vietnam is a country where people value their business reputation. Most likely, the debtor does not want information about his insolvency to be known to many entrepreneurs. We are also ready to file a claim with a court if the negotiations have not given any results. In case of bankruptcy of the company, we will prepare creditor claims and will manage the process of selling the debtor's property.

Why should you entrust us with outsourcing debt collection?

Our external debt collection agency has been working with debtors in Vietnam for many years and has extensive experience in collecting a variety of debts. Starting from a fine for speeding and ending with debt restructuring of large financial institutions. Our experience, the number of successful cases, and the reputation of our clients speak for themselves. In addition, our clients do not bear any risks, since they pay for our services only upon receipt of money on their accounts.

In addition to the economic benefits of outsource debt collection, it is worth mentioning that our representatives are located in the largest cities in Vietnam, including Ho Chi Minh, Hanoi, Thanh Hoa, and Nghe An. Usually, international businesses are located in these cities. This means that our colleagues can easily visit the debtor's office, hold a meeting and check the availability of property or goods in the warehouse. Based on this complete information, we can give advice on the best solution to resolve your debt issue.

You can submit your claim via the form below.
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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