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The poor, as well as businesses, fall into black credit trap Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
09/02/2021 14:00 GMT+7
The poor, who lack financial information and knowledge, are often hurt by black credit. But many businesspeople have also become victims.
A businesswoman in the field of aesthetics said she borrowed VND25 billion in total from a group of lenders, including a loan with an interest rate of 1.5 percent per day.
She later paid VND17.7 billion via bank account and paid other amounts in cash. But as the business faced problems, the lenders came to her house and forced her to write a debit note saying that she owed VND33 billion to them.
Tuesday, 10:38, 02/02/2021
The corporate bond market in Vietnam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure transparency and healthy market development.
According to Nguyen Hoang Duong, Deputy Director of the Department of Banking and Financial Institutions under the Ministry of Finance, the corporate bond market had become an increasingly important channel for enterprises to raise capital in recent years, which helped reduce pressure on banking credit.
However, not every enterprise was in a safe enough situation for bond issuance, Duong said, adding that there were many of small scale, especially those operating in real estate development, but issue corporate bonds much higher than their equity, posing risks to the market if these enterprises fell into difficulty and failed to pay debts.