Phu Tho Receives About 20 Reports and Complaints Related to Online Investment

On November 7, the Phu Tho Provincial Police Inspectorate said it had received about 20 reports and complaints concerning online investment and business activities since the start of 2026. The reports mainly involved buying and selling film copyrights through apps, contributing funds to nursing home projects, and cryptocurrency trading.

Promoters of film copyright investments use online apps to offer packages priced from 7 million to 500 million Vietnamese dong per film, promising returns paid daily, weekly or monthly. Some people were unable to contact their investment advisers after transferring money, and could not withdraw the funds they had invested from the apps.

Illustration of online investment risks, generated by AI.（VietVance）

Funding for nursing home projects is promoted in connection with elderly care, construction of nursing facilities and health care services, along with promises of profits and revenue sharing. If participants do not verify the projects’ legality, the fundraisers’ financial capacity and their ability to carry out the projects, they may face financial losses and disputes.

Police urged the public to be wary of investment offers promising high, fixed returns with no risk, as well as unclear company or project information, requests to transfer money to personal accounts, commissions for recruiting others, and unusual withdrawal fees. Investors should verify the parties and projects involved before investing. If they notice anything suspicious or fall victim to fraud, they should immediately stop transactions, preserve chat records, recipient account details and transfer receipts, and report the matter to the nearest police authority.

Illustration of investment fraud prevention, generated by AI.（VietVance）

Source: VietVance