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Maroc Maroc - WN.COM - Environment - 07/Mar 06:30

Small consumer loan threshold proposed to increase to VNĐ400 million

A draft circular proposes increasing the threshold to VNĐ400 million for loans issued by credit institutions and VNĐ200 million for those provided by people’s credit funds. HÀ NỘI — The State Bank of Việt Nam (SBV) has proposed raising the threshold for small-value loans to VNĐ400 million (US$15,700) from currently VNĐ100 million and removing the VNĐ100 million online lending cap to ensure greater appropriateness to the current situation. The proposals are raised in a draft circular amending several provisions of Circular 39 on lending...

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