Prime Minister requests strengthening of prevention and struggle against "black credit"

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In recent years, crimes and legal violations related to "black credit" activities have occurred in many localities, affecting national security with very sophisticated and complicated tricks with very high interest (from 100% to 300%, even up to 700% per year for money at the time of borrowing) to gain illicit profits.

In order to actively prevent and effectively fight crimes and law violations related to the "black credit" activities, contributing to ensuring security and national safety; the Prime Minister requests ministries and agencies, ministerial-level agencies, Government-attached agencies, People's Committees of provinces and centrally-run cities to continue to organize the implementation of requirements and directives on enhancing security and social order in the new situation and promoting their strong integration of both the political system and the entire population to participate in the prevention and fight against crimes, violations of laws in general and crimes and law violations related to the "black credit" activities in particular, protecting people's rights, interests and assets in legitimate credit and borrowing activities.

At the same time, strengthening propaganda, dissemination and education of laws on lending in civil transactions. methods, tricks for lending high interest rates, frauds must be propagated and informed through mobilizing spontaneous capital with high unusual interest rates, illegal acts of debt collection, consequences of the "black credit" and serious cases related to bankruptcy so that people can raise their awareness and strictly abide by the provisions of law. Mobilizing people not directly or indirectly to participate in lending activities of high interest, the "black credit", taking advantage of pawn, debt collection and financial business services to violate the law.

Deployment of attacks and suppressing "black credit" crimes

Ministry of Public Security coordinates with ministries, sectors, unions and localities on social prevention work, promote propaganda and dissemination of legal provisions, methods, tricks and harms of "credit black” to raise awareness of people, organizations and businesses.

The Ministry of Public Security directs the Police of the provinces and cities directly under the Central Government to proactively propose the People's Committees at the same level to direct the departments, branches and People's Committees at district level to establish interdisciplinary working groups led by police forces to conduct administrative checks of pawn, lending, financial business, debt collection services and other business establishments which exhibit activities of lending with high interest and debt collection to detect and deal with crimes breaking the law.

Tightening the granting of Certificates and strengthening the management and inspection of business establishments with security and order conditions, especially pawn and debt service business establishments; resolutely handle and revoke certificates of eligibility for security and order for violating establishments.

The Ministry of Public Security opens a series of peak attacks and crimes against crimes nationwide and in cyberspace to vigorously fight all kinds of crimes and law violations related to "black credit" activities, associated with fighting, eliminating the lines of gambling, organizing gambling, and fraudulently appropriating property through forms of capital mobilization, destroying criminal gangs with organizations, criminals using high technology, and using military weapons.

The Prime Minister assigned the State Bank to propagate and widely disseminate legal documents on banking credit policies mechanisms, packages and preferential loans to all strata of people; study issued under authority or consulted with the Government, the Prime Minister has expanded policies, diversified types of loans, banking products and services; develop financial companies and microfinance institutions covering regions with fast and convenient procedures.

The State Bank continues to promote maximum mobilization of idle capital from the people, bringing into play the potential and internal resources of the economy; promote the application of science and technology, develop lending and online payment services, associated with administrative procedure reforms, simple procedures and borrowing procedures in a convenient way for all classes of people so they can easily access legal loans when needed.

Strictly control households dealing in pawn and debt collection services

The Ministry of Planning and Investment shall direct the strict control of business registration and household business in pawn and debt service; to closely coordinate with the police force in considering the granting of certificates of satisfaction of security and order conditions to pawn and debt collection establishments; provide information of businesses for the investigation of criminal cases related to "black credit"; coordinate the post-inspection of the observance of the law on investment and business.

The Prime Minister requested People's Committees of provinces and cities under the Central Government to promulgate mechanisms and policies on social security, build new rural areas, eradicate hunger and reduce poverty and create jobs for workers. Preventing "black credit" and violations of law, social evils and crimes; to provide information on preferential loans, support policies of the State, local people to know and access loans widely and timely.

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It is necessary to strengthen leadership and direct the prevention and fight against crimes, building a movement to protect national security, implementing key transformation projects in the areas where complicated social order and instability occur; building communes, wards and towns without drug problems.