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loan sharks

Central bank enhances measures against loan sharks

Central bank enhances measures against loan sharks

Governor of the State Bank of Viet Nam (SBV) Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan...
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.
Govt takes bold measures to ensure safety of finance system

Gov’t takes bold measures to ensure safety of finance system

Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of...
Credit limit to double for the poor

Credit limit to double for the poor

The Government will double the credit limit for poor people seeking loans without collateral, as part of efforts to reduce poverty and prevent loan sharks.
Higher limits could help end loan-sharking: experts

Higher limits could help end loan-sharking: experts

Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Viet Nam (SBV) heard on Wednesday.