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loan sharking

Loan shark ring establishes website with over 600% annual interest

VnExpress

Five young men from Hanoi traveled to Quang Tri to set up a website functioning as an "online ledger", granting administrative permissions for loans at interest rates ranging from 365% to over 600% annually.

Organized crime ring offering high-interest loans in southern provinces dismantled

VnExpress

The Ministry of Public Security has dismantled a loan sharking operation charging up to 670% annual interest, which aggressively advertised on social media under the guise of pawn shops and operated like an organized crime gang.