Debt collection taking on new hue

Debt collection taking on new hue

Vietnam faces increasing complexities in consumer lending, with escalating concerns over illegal lending practices, challenges in debt recovery, and a call for stronger legal frameworks to manage non-performing loans and safeguard consumer rights.
Stricter controls proposed for debt collectors

Stricter controls proposed for debt collectors

The Ministry of Public Security will account for public security and order issues surrounding debt collection activities, according to a draft revised decree from the finance ministry.