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The poor, as well as businesses, fall into 'black credit' trap
The poor, who lack financial information and knowledge, are often hurt by black credit. But many businesspeople have also become victims.
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 Vietnam with potential risks of black credit.
Vietnam named second in ASEAN in fintech funding in 2019
Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.
Appeals for sturdy sandbox direction
The new economic models of transportation, lodging services, fintech, energy, and digital entertainment are expected to drive the sharing economy in Vietnam if regulatory sandboxes become more readily available.
P2P loans finding favor
Peer-to-peer lending fills a critical gap in Vietnam's financial landscape but full regulation is lacking.
