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P2P lending

Regulatory sandbox for P2P lending needs strict requirements

Regulatory sandbox for P2P lending needs strict requirements

According to the central bank, the rapid development of fintech has posed many challenges to financial authorities in managing, supervising, ensuring security and safeguarding interests of consumers and investors.
P2P lending needs better management to avoid black credit

P2P lending needs better management to avoid black credit

The Ministry of Planning and Investment (MPI) has warned about the increasing use of foreign peer-to-peer (P2P) lending in Việt Nam with potential risks of black credit.
Experts tell Govt: Foster domestic virtual banks before foreign invasion

Experts tell Govt: Foster domestic virtual banks before foreign invasion

According to techcrunch.com, in early December many fintech companies in Southeast Asia were licensed to establish digital banks.
P2P firms waiting for a sandbox

P2P firms waiting for a sandbox

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.
More regulations needed for P2P lending

More regulations needed for P2P lending

Viet Nam needs to develop regulations for P2P lending.
Credit institutions warned about P2P lending

Credit institutions warned about P2P lending

In a document sent to lenders this week, the SBV said the fourth Industrial Revolution has promoted the development of many new products and services, including P2P lending, which directly connects borrowers with lenders.
Credit growth rate estimated at 2.28 per cent in Q1

Credit growth rate estimated at 2.28 per cent in Q1

Total outstanding loans of the banking system rose 2.28 per cent as of March 25 and the total means of payment grew by 2.67 per cent compared to late 2018.
Government moves to legalise P2P lending

Government moves to legalise P2P lending

The Government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending in the country before officially developing laws for the new form of business, Deputy Prime Minister Vuong Dinh Hue said.
Central bank warns of P2P lending

Central bank warns of P2P lending

The State Bank of Viet Nam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.
Tight monetary policy: where can businesses find funds?

Tight monetary policy: where can businesses find funds?

A report from the Ho Chi Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium-...
SBV working on framework for P2P lending

SBV working on framework for P2P lending

The State Bank of Viet Nam is carefully studying international models of peer-to-peer lending (P2P) to develop a legal framework to effectively manage the country’s nascent fintech business, according to SBV deputy governor Nguyen Kim Anh.
P2P lending company raises 3 million in funding

P2P lending company raises $3 million in funding

Viet Nam’s financial marketplace and peer-to-peer (P2P) lending platform Tima has raised US$3 million in Series B funding from Belt Road Capital Management (BRCM), a Greater Mekong-focused private equity fund, Tima announced on Monday.
Peer to peer lending becoming increasingly popular in VN

Peer to peer lending becoming increasingly popular in VN

Peer to peer, or P2P, lending has been developing rapidly around the world in recent years with the establishment of many online lending companies, experts have said.
Peer-to-peer lending gaining traction in VN

Peer-to-peer lending gaining traction in VN

Lendbiz Joint Stock Company, which uses a peer-to-peer (P2P) lending model, was recently set up in Ha Noi.