Peer to Peer lending increasingly popular in VietnamVietNamNet Bridge - Peer to Peer, or P2P lending, became more popular over the last year with the establishment of many online lending companies. Analysts said with the advantages of the model, plus current conditions in Vietnam, P2P could replace black credit, or lending at very high interest rates, which is illegal in Vietnam. Some P2P lending companies in Vietnam are said to have abundant capital as they have received foreign capital. The interest rates quoted by the companies were around 10 percent per annum, but real interest rates were 40 percent. In Vietnam, interest rates applied by some online lending institutions are up to 50-70 percent per annum.