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Experts have repeatedly rung the alarm bell over black credit, which is causing serious consequences to families and society.

VN Public Security Ministry warns about online lending apps

The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security.

 

Predatory debt collectors hustling on borrowed time

Debt-collecting businesses are to be banned in Vietnam as part of local government action to protect customers’ rights, with the upsurge of predatory lending services triggering heated debate and eroding public trust.

Vietnam gov't attempts to fight against usury amid social unrest

Vietnam’s Prime Minister Nguyen Xuan Phuc has signed a directive to fight against usury which has caused serious social unrest over the past years.