The Viet Nam Chamber of Commerce and Industry (VCCI) suggests the State Bank of Viet Nam reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Viet Nam (SBV) takes effect.
Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and ing solvent customers to target a safer and healthier development.
The banking services of credit institutions have so far met the
economy''s diversified demands, but more microfinance organisations and
consumer finance companies need to be set up.