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black credit

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.
Development of consumer finance: vital to fight black credit

Development of consumer finance: vital to fight black credit

In recent years, the SBV and credit institutions in localities have been co-coordinating with the Ministry of Public Security and local authorities in implementing drastic measures to limit black credit.
Banks urged to diversify loan products, aiming to keep people away from black credit

Banks urged to diversify loan products, aiming to keep people away from black credit

Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources.
Ministry warns about online lending apps

Ministry warns about online lending apps

The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security.
New directive issued to fight ‘black lending

New directive issued to fight ‘black lending’

The Prime Minister has released a directive to fight loan sharks who are targeting vulnerable people.
Central bank asks help in fighting black credit

Central bank asks help in fighting black credit

Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.
Central bank takes no responsibility for black lending

Central bank takes no responsibility for 'black' lending

Some online lenders that offer very high interest rates are in fact a form of ‘black’ credit and the State Bank of Viet Nam is not responsible for management over such activities.