Rule on banks using maximum 30% of short-term funds for long-term loans should be scrapped: property association

Rule on banks using maximum 30% of short-term funds for long-term loans should be scrapped: property association

A regulation that limits credit institutions to using a maximum of 30% of short-term funds for medium and long-term loans, effective from October 1, 2023, should not be applied at present, said the Ho Chi Minh City Real Estate Association (HoREA).

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Minister asks for quality controls following life insurance complaints

Minister asks for quality controls following life insurance complaints

Vietnamese Finance Minister Ho Duc Phoc has said that quality needs to be lifted in the country’s fast-expanding life insurance sector following multiple customer complaints.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pawnshop loans need specific regulations to improve service

Pawnshop loans need specific regulations to improve service

Vietnam's pawnshop loan market holds huge potential, but there are too many legal grey areas, including rules on fees, lending rates, and debt collection, according to experts.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

F88 responds to police probe of 5 staff members

F88 responds to police probe of 5 staff members

Vietnamese financial services firm F88 confirmed Friday that Ho Chi Minh City police are investigating five of its debt collectors, and that it would not conceal any individuals' wrongdoings, if any.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7