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debt collection
I struggle to collect my money after lending over $400 twice to friend
I let my close friend borrow US$400 (VND10 million) each time on two separate occasions, but was met with contempt when I asked for it back.
I lost a close friend after lending him $81 for cosmetic surgery
My friend feels uncomfortable when I ask for $400 he borrowed 5 years ago
Money lent to friends is often impossible to reclaim
Friends or acquaintances rarely repay the money they borrowed, especially if it is below VND5 million (US$204).
February 12, 2024 | 04:21 pm PT
Debt evasion headache for financial firms
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.
March 16, 2023 | 11:41 pm PT
HCMC proposes to outlaw debt collection business
Debt collection should be banned because these businesses are fomenting public disorder and liaising with criminal outfits, HCMC authorities say.
September 4, 2019 | 04:57 am PT
Vietnam tightens grip on debt-collecting business
Debt collectors will no longer be allowed to dress like gangsters at work.
October 14, 2016 | 01:36 am PT