Prime Minister calls for enhancing efforts to root out fraud

Recent cases of fraud to misappropriate people’s property have caused public concern in sectors including finance, banking, real estate, multi-level trading and e-commerce, with cyber fraud in particular on the rise.

MoIT warns against multi-level sales of Atomy products

The Department of Competition and Consumer Protection under the Ministry of Industry and Trade (MoIT) has warned against the unlicenced multi-level sales of Atomy products by organisations and individuals.

Nhã Khắc Lâm multi-level company faces inspection

The Ministry of Industry and Trade has decided to set up an inspection team to supervise the operation of the multi-level marketing activities of Nhã Khắc Lâm Co, Ltd.

NA sees improvement in handling of voters' petitions

The first question and answer session of the 14th National Assembly (NA) started with a focus on the parliament’s monitoring of the handling of petitions that voters sent to the 11th session of the 13th NA.

Authority warns of multi-level virtual currency trading fraud

Việt Nam Competition Authority (VCA) has warned of fraud related to the trading of virtual currency and raising funds through a multi-level practice.

Firms busted for tax fraud

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade’s Competitive Management Department said.

Company chairperson arrested for fraud The northern Bac Ninh Province's investigation police have prosecuted a 46-year-old woman for fraudulently appropriating assets through an apparent pyramid scheme.

Greed, naivety to blame for cases of mass fraud Last month, news on multi-level marketing firm Lien Ket Viet, which was prosecuted for fraudulent appropriation of assets in an apparent pyramid scheme, overwhelmed newspapers and social networks.

Ministry denies delayed action in fraud case The Ministry of Industry and Trade (MoIT) has rejected claims that it acted late in responding to allegations of fraud involving marketing firm Lien Ket Viet, which allegedly swindled 45,000 people.

Executives arrested for pyramid scheme The Ministry of Public Security investigation police have arrested seven members of multi level marketing firm Lien Ket Viet for alleged fraudulent appropriation of assets in an apparent pyramid scheme.