In the evening of November 22, the Public Security of Thanh Hoa City announced that they had discovered and mobilized forces to simultaneously arrest 13 suspects involved in “black credit” activities, offering loans to local residents with exorbitant interest rates.
The apprehended suspects include: Ho Thi Thu, 55; Ho Thi Hai, 34; Ha Manh Cuong, 33; Ho Cao Vinh, 37, all residing in Dong Ve Ward, Thanh Hoa City.
Ngo Chi Phu, 34, and Trinh Xuan Khanh, 46, both from Dong Huong Ward; Nguyen Khac Tien, 29, from Quang Thanh Ward; Nguyen Ngoc Quy, 27, from Quang Hung Ward; Ngo Thi Ut, 47, from Ba Dinh Ward; Cao Minh Thang, 22, from Lam Son Ward; and Nguyen Ba Hung, 34, from Quang Phu Ward, all in Thanh Hoa City.
The remaining suspects are Nguyen Viet Huan, 43, from Quang Nhan Commune, and Bui Van Tuan, 33, from Tan Phong Town, both in Quang Xuong District, Thanh Hoa Province.
Suspects involved in “black credit” activities being detained
|
During the urgent inspection of the suspects’ residences, the police confiscated 12 mobile phones, 37 loan papers, 4 cars, 477 million VND in cash, and numerous documents related to money lending with usurious interest rates.
As the investigation expanded, the Public Security of Thanh Hoa City also apprehended four additional suspects implicated in this “black credit” ring: Nguyen Thi Nga, 48, from Nam Gan Ward; Le Van Cuong, 34, from Dong Huong Ward; Tran Sy Tai, 32, from Quang Phu Ward; and Le Ba Hung, 40, from Lam Son Ward, all in Thanh Hoa City.
During the initial interrogation, the suspects confessed that from June 2024 until their arrest, the group had provided loans to numerous residents of Thanh Hoa City with interest rates ranging from 3,000 VND to 20,000 VND per million per day (equivalent to 100-600% per annum), earning over 1 billion VND in illicit profits.
On November 22, the Investigation Agency of the Public Security of Thanh Hoa City issued a decision to prosecute and detain 17 defendants associated with the “black credit” group for “usurious lending in civil transactions.”
“Overcoming a Financial Stigma: How a Previous 5 Million VND Debt Affected My Mortgage Eligibility”
Mr. Quang is currently classified as a subprime borrower, but he continues to face challenges in securing mortgage loans from banks due to a previous bad debt of VND 5 million, which he fully settled in 2022. This past financial hiccup has cast a long shadow, causing lenders to view him with suspicion and hindering his efforts to obtain the funding he needs. It’s a frustrating situation for Mr. Quang, who is striving to rebuild his financial reputation and secure a stable future for himself and his family.
Sure, I can assist with that.
## SMEs Can Now Mortgage Loans of Up to 20 Billion VND Online
Small and medium-sized enterprises (SMEs) are buzzing about VPBank’s new policy, introduced in July. The bank now offers loans with a limit of up to 100% of the value of the secured asset, and the entire loan application and disbursement process can be completed online. This is a game-changer for businesses, offering a streamlined and efficient way to access much-needed capital. With this innovative approach, VPBank is supporting SMEs in a whole new way, and we can’t wait to see the positive impact it has on their growth and success.
Unleashing Investment Potential: Ho Chi Minh City Revives Loan Stimulus for Priority Projects
The maximum loan amount eligible for the subsidized interest rate has been raised to an impressive 200 billion VND per project (excluding deductible value-added tax). This significant increase from the previous cap of 100 billion VND per project showcases a renewed commitment to supporting ventures and encouraging growth.
“HoREA: The 6.6% Interest Rate on Social Housing Purchase is Excessive, Recommends a Review to 3%.”
According to HoREA, the proposed interest rate of 6.6% per annum for social housing purchases is excessive and significantly higher than the current rates offered by commercial banks. For context, Vietcombank, a prominent financial institution, offers consumer loans with interest rates ranging from 4.2% to 5% per annum. This discrepancy underscores the need for a reevaluation of the proposed interest rate for social housing loans, bringing it more in line with the prevailing market rates.
