Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.
While Vietnamese goods have become more popular in the domestic market, there's still a long way to go before local products rule the roost.
The Ministry of Industry and Trade’s Vietnam Competition Authority (VCA) has warned local consumers to be cautious about taking out online loans amid rampant scams.
The Ministry of Industry and Trade (MoIT) is seeking solutions to stop fake goods appearing on e-commerce websites, said a ministry official at a conference held in Hanoi recently.
The State Bank of Vietnam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.
Peer to Peer Lending (P2P), under which lenders and borrowers connect via apps, has been developing rapidly in Vietnam.
Peer to Peer, or P2P lending, became more popular over the last year with the establishment of many online lending companies.
Tima, a Vietnamese peer-to-peer (P2P) lending tech platform, successfully gathered Series A funds from a Singaporean investor.