Tuesday , November 26 2024

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40% of car buyers in Vietnam depend on loans

40% of car buyers in Vietnam depend on loans

Only 30-40% of Vietnamese car buyers resort to bank loans compared to some 80% in developed countries. The rates vary by geographical region, with automobile firms saying more customers in the south borrow than in the north. Vinh Nam, sales manager of Vietnam Star, a Mercedes dealer in Binh Duong …

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Police raid HCMC debt collectors for issuing threats

Police arrested 14 employees at two companies in Ho Chi Minh City’s Tan Binh District for threatening people who failed to pay overdue loans. Those detained work for Vietnam Thinh Vuong Debt Trading JSC and THT Law Co. Ltd. They are now being investigated for “extortion.” The arrests came after …

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CEO of LienVietPostBank resigns

Pham Doan Son has resigned from his position as CEO of LienVietPostBank, citing personal reasons, the bank’s board of directors said. Pham Doan Son, who has stepped down from LienVietPostBank’s CEO position. Photo courtesy of the bank Son, born in 1967, joined LienVietPostBank (LPB) in 2008 as head of the …

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