Hundreds of cars serving as collateral for bank loans have been put on sale by commercial banks to collect debts.

Gas traders claim compensation, Hanoi’s condo market sees transaction slowdown, Problems spotted in tax refund, debt collection, Cruise tourism off to good start, 4 mega exhibitions attract thousands of industrialists

 VietNamNet Bridge – Several problems including kidnapping, blackmailing and violence have prompted a call for the Ministry of Public Security (MoPS) to play a greater role in debt collection.

 VietNamNet Bridge – Businesses would rather use the netherworld’s debt collection services rather than contact law enforcement agencies.

 Ministry maintains fuel prices; BIDV lends Vinatex $600m; Leather and footwear firms set to increase exports; Debt collection efforts needed; Foreign investors dominate retail; Imported flower prices inch up at Tet

 VietNamNet Bridge – Most commercial banks say it takes time and money to recover debts through legal procedures.