Vietnam police dismantle cross‑border fraud network led by Nguyen Van Phuong, seizing assets over 250 billion VND

The provincial police in Ninh Bình announced the dismantling of a large, cross‑border online fraud ring. The network, headed by Nguyen Van Phuong (born 1992) and Nguyen Van Cương (born 1998), operated from Vietnam and Cambodia and used impersonation of police, courts, banks and tax authorities, fake websites and investment schemes to defraud victims. Investigators say the group targeted roughly 500 victims nationwide and illegally obtained more than 250 billion VND.

Authorities conducted coordinated raids on 23 June 2026, arresting 12 suspects and seizing cash, vehicles, phones, computers, documents, jewelry and other evidence. Six of the arrested were placed in pre‑trial detention for “fraud and asset theft,” while the remaining six face further investigation. The police continue to expand the case, pursuing additional accomplices and seeking to freeze seized assets.

The operation highlights growing concerns about organized cyber‑crime in Vietnam and the use of sophisticated tools to trick the public, prompting calls for stronger public awareness and tighter controls on online financial transactions.