Bamboo Capital warns about illegal use of company images

By Huong Dung
Wed, September 6, 2023 | 4:05 pm GMT+7

Vietnam's privately-run conglomerate Bamboo Capital Group (BCG) has posted a warning that some individuals are illegally using the company’s images for profiteering and fraudulent activities online.

Fraudsters use Bamboo Capital's logo and similar names such as 'Bamboo Capital Company' and “Bamboo Capital Group International Corporation” to reach victims. Photo courtesy of the group.

Fraudsters use Bamboo Capital's logo and similar names such as "Bamboo Capital Company" and “Bamboo Capital Group International Corporation” to reach victims. Photo courtesy of the group.

According to Bamboo Capital, a number of individuals are illegally using the "Bamboo Capital" brand, including the company name, abbreviations, logo, website address and information, and impersonating its employees to make illegal profits by fraudulently enticing internet users to perform online tasks in return for high salaries.

Those people are using a business registration certificate under the name "BCG Group", the name "Bamboo Capital Group International Corporation", Bamboo Capital Group's website address bamboocap.com.vn, and its logo to create credibility and approach victims online.

After being approached, the fraudsters add the victims to Facebook and Telegram groups with the promise that they would earn money by completing simple tasks during the day. At certain times of the day, the group launches tasks and pays "rewards" to victims for completing their first ones.

After gaining their trust, they ask victims to deposit money to continue performing tasks with higher rewards. Victims then deposit the money and cannot contact the fraudsters.

Fraudsters are using the name Bamboo Capital Company, Bamboo Capital’s website, and fake switchboard numbers to entice victims into performing online tasks for high salaries. Photo courtesy of the group.

Fraudsters are using the name Bamboo Capital Company, Bamboo Capital’s website, and fake switchboard numbers to entice victims into performing online tasks for high salaries. Photo courtesy of the group.

Immediately after receiving information about the scam, Bamboo Capital issued a notice on its official website and Facebook fanpage to confirm that the corporation is not involved in the above-mentioned fraudulent activities, and recommend shareholders and investors to avoid falling into the trap.

According to the company, all employees working and receiving incomes from Bamboo Capital must go through a thorough recruitment process and sign a labor contract in accordance with the law. Bamboo Capital does not have any program to recruit collaborators to perform online tasks on Telegram or Facebook groups.

It added that after receiving information about the illegal use of images and information of Bamboo Capital Group, the company reported the case to the police and other relevant authorities for investigation. Victims of the group can contact [email protected] for assistance.

A fake business registration certificate used by fraudsters to impersonate Bamboo Capital Group (BCG). Photo courtesy of the group.

A fake business registration certificate used by fraudsters to impersonate Bamboo Capital Group (BCG). Photo courtesy of the group.

Information about Bamboo Capital Group's business activities is updated on two official channels: website https://bamboocap.com.vn and fanpage https://facebook.com/BambooCapitalGroup. Shareholders, investors and customers of Bamboo Capital should follow these two channels to access accurate information from the company, avoiding fake websites and groups using similar names.

Forms of internet fraud are becoming increasingly sophisticated. To prevent them, the Criminal Police Department (C02) under the Ministry of Public Security has recommended internet users to avoid online tasks or virtual orders on e-commerce sites. They should not click on strange links sent via SMS, Zalo, Facebook or Telegram, or provide card numbers, card verification codes (CVC2) or one time passwords (OTP) to any individual or link, including those claiming to be bank employees or police officers.

Comments (0)
  • Read More
Indonesia to end incentives for imported CBU BEVs in 2026

Indonesia to end incentives for imported CBU BEVs in 2026

The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.

Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7

Aquatic sector advised to navigate challenges, secure exports to EU, US

Aquatic sector advised to navigate challenges, secure exports to EU, US

Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.

Companies - Tue, September 16, 2025 | 9:41 pm GMT+7

Vietnam pledges favorable conditions for UK businesses

Vietnam pledges favorable conditions for UK businesses

Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.

Companies - Tue, September 16, 2025 | 9:29 pm GMT+7

Lotte Shopping plans to open more shopping malls in Vietnam

Lotte Shopping plans to open more shopping malls in Vietnam

South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.

Companies - Tue, September 16, 2025 | 9:25 pm GMT+7

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.

Companies - Tue, September 16, 2025 | 9:21 pm GMT+7

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.

Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.

Industries - Tue, September 16, 2025 | 3:54 pm GMT+7

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.

Industries - Tue, September 16, 2025 | 2:44 pm GMT+7

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.

Energy - Tue, September 16, 2025 | 1:44 pm GMT+7

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.

Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.

Economy - Tue, September 16, 2025 | 9:36 am GMT+7

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.

Finance - Tue, September 16, 2025 | 8:00 am GMT+7

E-commerce boom a major driver of Vietnam's packaging paper industry growth

E-commerce boom a major driver of Vietnam's packaging paper industry growth

Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.

Companies - Mon, September 15, 2025 | 10:20 pm GMT+7

Vietnam needs support from UK in developing international financial center: Deputy PM

Vietnam needs support from UK in developing international financial center: Deputy PM

Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).

Finance - Mon, September 15, 2025 | 10:12 pm GMT+7

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.

Banking - Mon, September 15, 2025 | 10:04 pm GMT+7

Tool for wood traceability management debuts in Vietnam

Tool for wood traceability management debuts in Vietnam

The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.

Companies - Mon, September 15, 2025 | 10:00 pm GMT+7