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Update news lending apps
A lot of money borrowers have been recently cheated on online lending applications which seem to ask for simple procedures at first but then claim cut-throat interest rates.
P2P Lending has become a hot issue in Vietnam, especially with the participation of Chinese businesses.
Businesses are complaining that they have been regularly bothered by black creditors. The creditors make hundreds of calls a day to ask them to pay debts for their employees.
The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security.