Rising bad debt from “disappearing” borrowers and the shutting down of unauthorized debt collecting agencies are damaging the reputation of legal financial companies and threatening to hurt their performance. - VnExpress International
On 1st November 2021, the State Bank of Việt Nam issued Decision No. 1707/QĐ-NHNN on amending and supplementing some contents of the Establishment and Operation License of MB Shinsei Finance Limited Liability Company (Mcredit). Accordingly, Mcredit’s charter capital was increased from VND800 billion to VND1,300 billion from the reserve fund for charter capital.