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Vietnam credit growth hits 10.14% as of December 21

Vietnam credit growth hits 10.14% as of December 21

The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).

Legal framework needed for peer-to-peer lending

Legal framework needed for peer-to-peer lending

P2P is still outlawed in Vietnam and poses high risks for customers, including personal data leakage, cyberattack, or involves them in offenses such as money laundering and tax evasion.

How to spur credits for enterprises?

How to spur credits for enterprises?

Up to now, the number of businesses who can access preferential loans is very small. Many enterprises have been craving for banks’ loans to hold out until the pandemic is over.