Financial Leasing is a middle and long-term credit activity through leasing machines, equipment, transportation vehicles and mobile assets based on the contract between Lessor (Leasing company – non banking institution) and Lessee (Customer).
Lessor party commits to purchase machines, equipment, transportation vehicles and mobile assets as requested by Lessee and hold the ownership of leased assets during the leasing period.
Lessee is eligible to use leased assets, make due payment of leasing fees during the leasing period, which is mutually agreed by both party and the contract shall not to be breached prior the leasing due time. When the leasing deadline is over, the lessee will be able to transfer the ownership, buy back or continue to lease the leased asset based on the term and conditions that have been mutually agreed.
Answer : All kinds of business entity are established under Vietnam Business Law: State-owned enterprise, FDI, Joint-stock company, Proprietary Limited, Private, Householder, manufacturer and individual.
Answer : Machines, Assembly line, Transportation vehicle, Heavy industrial equipments…etc
Answer : Generally it will last from 13 months to 60 months.
Answer : Normally, it will take around 3 to 10 working days , depending upon the sufficiency of documents or scope of project of client or location of project
Answer : In fact, it will not require any collateral
Answer : Usually, it would be from 15% to 30% of total value of leased asset.
Answer : VND or foreign currency USD.
Answer: All kinds of leasing fees are treated as reasonable cost as the law regulated.
Answer : As laws of Vietnam regulated in leasing term, the lessee should be reliable to pay the insurance fee.
Answer : As laws of Vietnam regulated in leasing term, all types of transportation vehicles under leasing term should only pay the registration fee once, when the leasing term is finished and transfer the ownership from Lessor to Lessee, the registration fee will not be required to pay again..
Answer : Based on the current law, the leasing contract is an irrevocable contract. However, the leasing contract could be cancelled before the due leasing time in case that the Lessor agrees to Lessee pay all related leasing fees, which are regulated in the leasing contract.
Answer : Tax applying to machines, equipment, vehicles and mobile assets that leasing company buy at local place or import from overseas to lease back , could be applied the same way with the case of Lessee directly buy or import the asset.
Answer : Operating Leasing is an approach of leasing assets, meanwhile the Lessee will utilise the leased asset of Leaser in a specified period and will return this given asset to the Lessor as long as the due leasing time is mature. The Lessor legally holds the ownership of leased assets and receive the leasing fee based on the term and conditions of the leasing contract.
Answer : All kinds of machines, equipment, vehicles and mobile assets that leasing company can buy
Answer : Similar to Financial Leasing, all kinds of business entity are established under Vietnam Business Law: State-owned enterprise, FDI, Joint-stock company, Proprietary Limited, Private, Householder, manufacturer and individual.
Answer : Depending upon type of asset, however with transportation vehicles, the minimum operating leasing time should be 2 years.
Answer : Based on the current regulation of SBL,client should make the deposit before the contract signing time based on a specific percentage that SBL requested in each period. This money amount is set to assure the commitment and cooperation between SBL and client.
Answer : The maintenance and repairing the leased assets will be made by agents assigned by SBL. All kinds for related fees of maintenance and repairing the leased assets during the whole operating leasing time will be incurred by the Lessee.