Latest Legal Regulations for Pawn Shop Business

Operating a pawn shop is a conditional business line under strict security and legal regulations in Vietnam. This article covers the essential legal details owners need to know.

1. Legal Requirements

The business owner and representatives must have a clean judicial record and follow security guidelines enforced by local police departments.

2. Security & Order Certificate

Pawn shops must obtain a Certificate of Satisfaction of Security and Order Conditions before starting any operations.

3. Interest Rate Limits

The interest rates charged on pawn loans must not exceed the ceiling set by the Civil Code. All additional service fees must be clearly stated in the contract to prevent disputes.