Roles of Shadow Banking, P2P Lending and Solutions for Usury to Reduce Urban-Rural Discrepancies for Vietnam Social Economic Development in Integration ERA

Since the introduction of a peer-to-peer lending model, people have been provided with online lending services at a lower service cost than traditional loan service costs, because of the company's low operating costs. Therefore, P2P lending will contribute to reducing urban-rural gap and the discrepancies between rich and poor. In this paper, we analyze and evaluate the roles of shadow banking system (HTNHN) in Vietnam and peer-to-peer lending (P2P lending) in both aspects: positive and negative. P2P lending model is a lending process where borrowers and lenders meet on an online platform without a financial intermediary like a bank. Experiences of black credit and consequences for the economy, and P2P lending online in China became a lesson for Vietnam as well as developing countries. Control solutions, P2P lending development orientation, black credit (usury), legalizing regulations and interest monitoring, risk management in peer-to-peer lending and usury is essential to ensure the role of these activities in supply chain financing, lending to SMEs and consumers, and addressing deficiencies of the commercial banking system. The safety period for lenders and borrowers is an issue that needs to be discussed, towards the topic of sustainable development for the shadow banking system, thereby contributing to social security, creating conditions for low-income people to borrow capital to support production and business, thus contributing to the reduction of the rich-poor discrepancies.