How does the State Bank manage loans via the App?

At the question-and-answer session, delegate Pham Thi Thanh Mai (Hanoi delegation) raised the issue that at present, people can easily access a fairly common type of loan called a Web-based loan or an App loan, which banks call it. peer-to-peer lending (P2P Lending). The Governor of the State Bank is requested to inform the legal corridor of the operation and management of this peer-to-peer bank lending because recently, the City Police. Hanoi has discovered a case of an App loan amounting to more than 5,000 billion VND, causing great damage to the people?

Governor of the State Bank Nguyen Thi Hong answered questions. (Photo: Parliament)

According to Governor Nguyen Thi Hong, the development of technology has appeared many lending activities and lending via App and Web has been available in some countries around the world, recently spreading to Asian countries and Vietnam. Male.

This lending is based on a technological connection between borrowers and lenders, but in reality, there is no separation between the money of the lender and the borrower. It is possible that the person who set up the re-connecting floor is a borrower or a lender, causing unsafety to the social order.

“China has taken measures to tighten these activities. In Vietnam, the Government has directed very strongly and assigned the State Bank to survey and assess that there are organizations that appear this type of loan and are building them. This ensures that this activity must be healthy, safe and effective, and based on the experience of other countries, lessons will be learned to limit the risks that may arise,” Ms. Hong said. speak.

Delegate Leo Thi Lich (Bac Giang delegation) also had a question about the 0 dong bank settlement still “stagnant”: “Why is it so delayed, what solutions are there to speed up this process?”. Responding to a question, State Bank Governor Nguyen Thi Hong said that it is difficult to deal with a weak banking structure in normal conditions, because the economy depends on bank credit.

In the previous report to the National Assembly, the Government said that it has implemented many solutions to handle 3 banks with compulsory acquisition (CBBank, OceanBank, GPBank) and Dong A Bank. Measures taken include looking for partners, negotiating with investors who wish to participate in the bank’s restructuring, at the same time, rearranging the operating network, reducing costs, and implementing activities. safe business… In which, two out of three banks with compulsory acquisition, Construction Bank (CBBank) and Ocean Bank (OceanBank) have a plan to deal with it, the report said.

Speaking before being questioned, Governor Nguyen Thi Hong affirmed that, as the Central Bank, the State Bank performs the task of administering monetary policy, thereby greatly affecting the economy. at the same time, the banking system is the lifeblood of capital movement and service provision for the economy.

“Banking activities are always associated with activities of businesses and people with the role of State management of money. Over the years, the banking industry has achieved certain results, contributing to controlling inflation. development and macroeconomic stability to support economic growth and at the same time ensure the operational safety of credit institutions. to implement more effectively in the coming time”, Ms. Hong said.

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