POSSESSORY LIENS UNDER VIETNAMESE LAW: LEGAL STRUCTURE, EFFECTIVENESS, AND COMPARATIVE PERSPECTIVES
DOI:
https://doi.org/10.18623/rvd.v23.n4.4675Keywords:
Possessory Liens, Right of Retention, Secured Transactions Law, Property-Based Security Interests, Publicity and Priority, Vietnamese Civil CodeAbstract
This article examines possessory liens under Vietnamese law from a property-based perspective, with a particular focus on the legal structure and effectiveness of this institution within the secured transactions framework. In Vietnam, possessory liens operate as an implicit form of property-based security arising from possession, yet they lack clear normative recognition with respect to their publicity effects and certain proprietary attributes of secured interests. Employing doctrinal legal analysis combined with comparative legal methodology, the article evaluates Vietnamese regulations in light of selected foreign legal systems, notably China and the United States. The study clarifies the structural characteristics of possessory liens and identifies key normative gaps in the current Vietnamese legal framework. On that basis, it proposes targeted legislative recommendations aimed at strengthening the regulation of possessory liens and enhancing their practical effectiveness in commercial practice.
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