Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA
Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA
Nicolas Lainez
Opinion

Opinion

Nicolas Lainez, Bui Thi Thu Doai and Tô Thu Phuong

In Vietnam, ‘Robin Hood’ borrowers are taking aim at digital loan sharks

  • The country is seeing a rise in digital loans, with young borrowers increasingly being caught out by predatory lenders
  • It has spawned hundreds of online groups where people share financial tips, provide support and even plot to teach loan sharks a lesson

Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA
Some people in Vietnam are taking to Facebook groups to hit back at dodgy lenders. Photo: EPA
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Nicolas Lainez

Nicolas Lainez

Nicolas Lainez is a Visiting Fellow at ISEAS–Yusof Ishak Institute and an Adjunct Faculty NUS in Singapore. He holds a PhD in Anthropology from the School for Advanced Studies in the Social Sciences in France. His research areas include consumer finance and household debt, in Vietnam and Southeast Asia.

Bui Thi Thu Doai

Bui Thi Thu Doai

Bui Thi Thu Doai lives in Hanoi. She studies a BA in Development and Economics at the London School of Economics.

Tô Thu Phuong

Tô Thu Phuong

Tô Thu Phuong lives in Hanoi. She holds a Bachelor in Human Rights and Political Science from Columbia University and Sciences-Po Paris.