Kien Giang province is actively combating “black credit” activities in the truck sector and other industries. Report No. 146/BC-UBND from the People’s Committee of Kien Giang province indicates that the “black credit” situation remains complex, despite numerous control efforts. This article will analyze the reality of black credit related to trucks in Kien Giang and the solutions being implemented.
“Black Credit” Activities and Trucks in Kien Giang
From 2019 to 2022, activities of usury and disguised black credit in the form of pawnshop services and credit support have become quite common in Kien Giang. 63 pawnshop service establishments, 7 financial business establishments, and 166 individuals operating unsecured lending have been detected. In particular, some individuals exploit legal loopholes to engage in usury through sales contracts and property leases, including trucks, to evade inspection by authorities.
Sophisticated Tactics of “Black Credit”
Loan contracts are often rudimentary, with unclear terms, not clearly stating interest rates, only specifying the amount to be paid. These are accompanied by additional contracts such as “Motorbike Sale Agreement” and “Motorbike Lease Agreement” to intimidate borrowers. Additionally, many online lending applications that offer quick loans without collateral also pose risks with unclear interest rates, leading to borrowers being threatened and psychologically harassed when they are unable to repay.
Inspection and Handling Efforts
The People’s Committee of Kien Giang province has conducted administrative inspections of many pawnshops, lending services, and financial support services. Through inspections, 02 establishments showing signs of “black credit” activities were discovered, and 40 loan files were seized. Verification shows that many loan files are not transparent, making it difficult to prove usurious lending practices. These two establishments were required to remove signboards and advertisements and were handled for operating without a business license.
Solutions to Prevent “Black Credit”
“Black credit” activities are constantly changing methods and tactics, making inspection and handling difficult. Effective prevention requires the involvement of all levels of government, citizens, and authorities. The Prime Minister has requested the Ministry of Public Security to coordinate with the State Bank of Vietnam to study the use of the national population database to support loan application thẩm định (assessment/evaluation), helping people access bank capital more easily. Simultaneously, it is necessary to promote the implementation of policies to support people’s access to formal credit, reducing the need to borrow from informal sources.
Conclusion
Truck credit in Kien Giang is facing challenges from “black credit” activities. Strengthening inspection, strictly handling violations, and supporting people’s access to formal credit are important solutions to prevent these activities, protect people’s rights, and promote local economic development. People need to raise their vigilance, carefully research information before borrowing, and choose legal credit channels, avoiding falling into the “black credit” trap.
