Quang Nam established an inter-sectoral working group to check black credit.

On November 20th, Mr. Le Tri Thanh, Chairman of the People's Committee of Quang Nam province, decided to establish an inter-agency task force to inspect financial companies, branches, representative offices, service introduction points of financial companies, pawnshops, law firms, and other businesses with conditions related to illegal lending activities in the province.

This task force will be headed by Colonel Nguyen Ha Lai, Deputy Director of the Provincial Police; and Mr. Nguyen Tac Thanh, Chief Inspector of the Department of Culture, Sports and Tourism, will serve as Deputy Head.

Event - Quang Nam establishes inter-agency task force to inspect illegal lending — Mr. Le Tri Thanh, Chairman of Quang Nam Provincial People's Committee.

The Task Force members also include representatives or officials from agencies and units under the Department of Finance, the Market Management Department, the Tax Department, and the State Bank of Vietnam, Quang Nam branch; representatives from the Criminal Police Department, the Economic Police Department, the Administrative Police Department for Social Order, and the Cyber Security and High-Tech Crime Prevention and Control Department of the Provincial Police.

This task force will focus on inspecting legal documents and compliance with administrative regulations regarding business registration to detect suspicious loan records and collateral. If violations are found, verification and investigation will be conducted.

Inspect compliance with regulations regarding security and order conditions for businesses involved in illegal lending activities.

Specifically, the task force will closely monitor residency, temporary residence, employment contracts, etc., for employees working in the business area; and will verify and clarify the identity and background of these employees.

Event - Quang Nam establishes inter-agency task force to inspect illegal lending (Figure 2). — Colonel Nguyen Ha Lai, Deputy Director of the Quang Nam Provincial Police.

Administrative inspections will be conducted at locations, establishments, and individuals that do not display business signs but, based on available information, are found to be involved in illegal lending activities.

In addition, the Task Force also inspected lending activities of entities not belonging to organizations authorized to operate credit services, outside the financial and banking system, and not affiliated with banks, finance companies, branches, representative offices, or service points of finance companies licensed by the State Bank of Vietnam to operate in accordance with the law.

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