Vietnam crackdown on usurious lenders

On 30 July 2026, Phú Thọ provincial police formally charged Đặng Thị Ghi, 45, with providing loans at interest rates far above the legal ceiling, earning more than VND 173 million in illegal profit from a VND 11.06 billion loan to a local businessman. The case details the excessive daily rate of VND 5,000 per million and the imposition of a residence restriction while the investigation proceeds.

Later the same day, Quảng Ninh provincial police indicted Nguyễn Thị Tuyên, 62, for repeatedly issuing loans at rates of VND 5,000‑7,000 per million per day, generating over VND 110 million in illicit earnings from multiple cash transactions. Specific loans cited include a VND 100 million loan at VND 16 million per month and an VND 80 million loan with roughly VND 4.5 million monthly interest.

Both cases invoke Article 201, Clause 2 of Vietnam’s Criminal Code and illustrate a coordinated law‑enforcement effort to curb predatory lending practices across provinces.