Tag: service sector expansion

The recent ruling by the People’s Court of District 7 (Ho Chi Minh City), which declared the credit and mortgage contracts between VPBank and client Trần Hồng Sơn null and void, effectively freeing Mr. Sơn from a debt exceeding 5 billion VND, has sparked widespread debate. Legal experts highlight numerous irregularities, suggesting the verdict may violate procedural laws, lack legal basis, and compromise objectivity.

As of the end of September, the economy’s credit growth has reached 13.37% compared to the beginning of the year. It is estimated that credit growth for this year could hit 19-20%, the highest level in 15 years. The State Bank of Vietnam emphasizes ongoing monitoring to ensure both economic growth and inflation control.

Customers entrusted insurance payments to Ngoc, who instead of depositing them into the company's account, misappropriated the funds for personal expenses.