black market

Update news black market

How to mobilise public gold?

 VietNamNet Bridge – The State Bank of Viet Nam has said no to the Viet Nam Gold Trading Association (VGTA)’s proposal to mobilise privately owned gold.

Finance companies’ “hybrid credit” lures borrowers away from black market

 VietNamNet Bridge – “Hybrid credit”, which shares characteristics of both bank credit and black-market credit, is becoming more common in Vietnam.

Black credit booms, flawed financial system

 VietNamNet Bridge – The black credit, which was burning low, has flared up when the official credit channels get frozen. It has been described by economists as a serious defect of the financial system.

Thieves steal exotic reptiles from Australian zoo

 Thieves stole a horde of exotic reptiles from an Australian zoo, including a baby alligator, leaving their keepers fearing they could be destined for the black market.

Young people fail to budget money wisely

VietNamNet Bridge – Pham Chi Mai, 26, has been struggling to pay off her credit cards after an impromptu spending spree three years ago. The money she has borrowed has now reached nearly VND100mil - rather a lot of credit for someone her age

Remittances hit four-year highest level

 VietNamNet Bridge – Overseas remittances to Vietnam were estimated to total 10 billion USD last year, the highest figure for the last four years.