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I lost a close friend after lending him $81 for cosmetic surgery

I lost a close friend after lending him $81 for cosmetic surgery

I let my friend borrowed VND2 million (US$81) for cosmetic surgery two decades ago when my salary was only VND1.8 million a month. He has not contacted me since.

My friend feels uncomfortable when I ask for $400 he borrowed 5 years ago

My friend feels uncomfortable when I ask for $400 he borrowed 5 years ago

“That is a small amount of money. I will repay you when I can,” my best friend told me when I insisted on collecting his five-year-old VND10 million (US$397) debt.

Money lent to friends is often impossible to reclaim

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

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

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

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

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