Criminals have been impersonating listed companies, Vingroup and Hoà Phát, to defraud and appropriate assets.

Recently, Vingroup Corporation (VIC) has been targetted by individuals or organisations who have created fake company websites of the group in order to commit fraud.

Specifically, the scammers have created 'development funds' for trade, services, healthcare and technology, calling for investment, thereby appropriating money, reported nguoiduatin.vn. 

The fraudsters have drawn up investment funds with a scale of thousands of billions of Vietnamese đồng and an investment progress of 72 per cent, to call for investment. They promise investors will enjoy a profit of 1.32 per cent after just 15 minutes of putting in an investment of at least VNĐ30 million (US$1,200). 

They have also promised that if the minimum investment level is VNĐ100 million, the investors will gain a profit of 4.23 per cent after 30 minutes.

In addition, they have provided information about the industrial technology development fund with VinFast logo having a scale of almost VNĐ6.66 trillion. They call it an investment with an attractive profit at 5.56 per cent after 30 minutes for a minimum investment of VNĐ300 million.

Meanwhile, fraudsters have created fake websites of the Hoà Phát Group based on all this group's logos, information and brand images also offering attractive investment incentives, such as http://hoaphat.cc/mobile/index.html, and https://hptrading.site/.

They even forged the signature of the Hoà Phát chairman at a notice on project implementation phases.

The Hòa Phát Group has affirmed that it has not called for investment in any project.

Hòa Phát has also repeatedly put out warnings about such scams on the group's website and media channel and co-ordinated with competent authorities to handle the problem. — VNS