Hưng Yên Province warns of high‑interest deposit scams

The Hưng Yên provincial police have issued a warning about online fraud schemes that promise unusually high returns on savings deposits, up to 18‑20% per year or higher. Scammers pose as bank or finance company staff, create fake websites and apps that mimic reputable institutions, and use QR codes, flyers and social‑media ads to lure victims.

Victims are instructed to transfer money to personal accounts or to “special investment packages,” often receiving a small initial payout to build trust before larger sums are stolen. The fraudsters also harvest login credentials, OTP codes and card details to gain control of bank accounts. Many complain of losing the entire amount after the transfer.

The police cite relevant criminal statutes (Article 174 on fraud and Article 290 on misuse of computers) and note that offences may also be punished administratively under Decree 282/2025/ND‑CP. They advise the public to avoid unknown investment groups, refrain from installing apps from unverified links, use only licensed banks or credit institutions, and never share personal banking codes with strangers. Suspected cases should be reported to local police or banks immediately.