According to information from the authorities, Thanh Bien named Vu The Hoang, 34 years old, he and his accomplice from Hai Phong to Vung Tau to provide usury loans up to 300% a year, usury is illegal. law in Vietnam.
On January 24, Hoang and Nguyen Van Son were criminally detained by the police of Vung Tau city for heavy interest loans in civil transactions.
These two people advertised for no mortgage loan, he printed the flyers and distributed them in Vung Tau city. When someone asked for a loan, Hoang and Son requested an interest rate of 25% per month, charged an additional 200,000 VND in filing fees for a loan and collected both principal and interest each day.
These two people were carrying out a usury act in Rach Dua ward, Vung Tau, Vietnam, when the criminal police discovered and seized many records related to high-interest lending activities.
Vietnam detective service – The police are continuing to investigate to clarify the lending behavior of these two people. Detective website in Vietnam: https://vietnamdetectives.com