In order to overcome the inadequacies and obstacles in civil transaction practice that Decree 163/2006/ND-CP on secured transactions issued under Civil Code 2005 has not yet resolved, on March 19, 2021, the Government has issued Decree 21/2021/ND-CP guiding on the implementation of Civil Code 2015’s regulations on securing the performance of obligations. This Decree has been effective since May 15, 2021.