Poor mountainous villages struggle to pay debtsVietNamNet Bridge – Receiving billions of dong in compensation, several residents in Nuoc Trong water reservoir project area, Tay Tra District’s Tra Tho Commune, Quang Ngai Province, thought they’d be able to escape debts they had accrued through high interest loans. A resettlement area in Nuoc Biec Village in Tra Tho Commune.Cor ethnic people in Tra Tho Commune are now suffering usury’s consequences. — Photo baoquangngai.vnTre Village in Tra Tho Commune was home to many Cor ethnic people. In reality, however, the compensation of VND600 million ($26,352) was just enough to pay the old debt as Tap made an oral contract and was forced to pay high interest. Ho Tan Vu, head of Tra Tho Commune People’s Committee, said that although local authorities had warned against usury, Cor people could not resist the temptation of surprisingly generous lenders.

Source: VietNamNet News March 20, 2018 04:41 UTC