Nine loan sharks arrested for usury in the Central Highlands
Nine people in Lam Dong have been detained for lending money at interest rates as high as 500% per annum, police in the Central Highland province said.
All nine persons are from the northern province of Ha Nam and were staying in Da Lat town when arrested.
The provincial police department’s crime branch received information from the public that a group of 12 people were lending money at usurious rates to residents in Da Lat and neighboring areas.
They used social networks or visited people's houses or eateries to offer money. Over the last five to six months, the group approached thousands of residents in the province.
Police said many of the borrowers had to rely on new loans from the group when they were unable to pay old debts, and the money they owed multiplied uncontrollably. Some people fled their homes, unable to withstand the pressure to repay the loans with ridiculously high interest rates.
The police said they have identified the group’s leaders and seized many pieces of evidence from the gang. They did not reveal further information about the three people who have not been arrested to date.
Ho Chi Minh City’s office market has recorded robust leasing transactions across all sub-markets this third quarter, thus keeping healthy performance, property services firm Knight Frank said Monday.
Real Estate - Mon, September 26, 2022 | 4:53 pm GTM+7
Two solar power plants in Ba Ria-Vung Tau province have been fined VND160 million ($6,700) for operating without official appraisal and acceptance.
Energy - Mon, September 26, 2022 | 4:44 pm GTM+7
Transitioning to low-carbon rice production offers the highest potential for Vietnam to meet its goal of reducing methane emissions by 30% by 2030 while boosting the competitiveness of this significant export item, a new World Bank study says.
Economy - Mon, September 26, 2022 | 4:08 pm GTM+7
Corio Generation, an offshore wind energy branch of Australia’s Macquarie's Green Investment Group, wants to make larger inroads into Vietnam via cooperation with Petrovietnam.
Energy - Mon, September 26, 2022 | 3:04 pm GTM+7
Vietnam has the lowest “levelized” cost of solar energy in Southeast Asia, the International Renewable Energy Agency (IRENA) says in its latest major energy-transition publication.
Energy - Mon, September 26, 2022 | 9:58 am GTM+7
The government is considering turning three military airports in Ninh Thuan, Dong Nai and Hanoi into military-civil airports.
Infrastructure - Sun, September 25, 2022 | 8:42 pm GTM+7
Heineken Vietnam inaugurated an expanded brewery in Ba Ria-Vung Tau province Saturday, saying it was the the biggest in Southeast Asia and used 100% renewable energy.
Industries - Sun, September 25, 2022 | 8:12 pm GTM+7
Hoang Anh Gia Lai JSC (HAGL) has suspended registration documents for a private placement of shares worth VND1,700 billion ($71.7 million) that it had submitted to the State Securities Commission.
Companies - Sun, September 25, 2022 | 5:42 pm GTM+7
Vietnam Airlines, Bamboo Airways and Vietjet Air have been honored with titles in different categories by UK-based air transport rating organization Skytrax.
Travel - Sun, September 25, 2022 | 3:53 pm GTM+7
Northern and central provinces have been told to prepare for supertyphoon Noru, which is heading in a northwest direction with wind speeds of up to 183 km per hour.
Society - Sun, September 25, 2022 | 3:35 pm GTM+7
A police station has been set up at the Long Thanh International Airport construction site in Dong Nai province to ensure security and traffic safety.
Society - Sun, September 25, 2022 | 8:18 am GTM+7