# Cyber fraud and money laundering rings in Vietnam

> Live situation record from CLSTR: https://clstr.news/situations/cyber-fraud-and-money-laundering-rings-in-vietnam
> Updated: 2026-09-14T11:56:22.000Z. Sources: 10. Developments: 2.

Authorities in Vietnam have dismantled large-scale criminal networks involved in cyber fraud, money laundering, and the illegal sale of personal and bank account data.

In Da Nang, the People's Procuracy has indicted 97 defendants, including leaders Trang Quang Trung, Bùi Trọng Tấn, and Lê Thị Mỹ Duyên, for their roles in a transnational ring facilitating money laundering for criminal organizations in Cambodia. The group allegedly forged documents to establish between 670 and 1,101 “ghost” companies to bypass biometric authentication and open business accounts. These shell entities were used to process suspicious, high-frequency transactions totaling nearly 68 billion VND, alongside over 43.5 million USD, 1.5 million EUR, and 1 million CAD. The defendants face charges including money laundering, forgery, and using computer networks to appropriate property.

In Quang Ninh, police dismantled a separate cybercrime ring estimated to have misappropriated more than 1,000 billion VND. Following an investigation that began in February 2026 after reports from eight citizens regarding losses of 160 million VND, authorities arrested 21 suspects involved in fraud and the illegal sale of personal data. The group reportedly purchased data from Telegram groups to target victims with tailored scam scripts. To evade detection, suspects operated out of rented accommodations, including apartments, homestays, and houses, and moved frequently between provinces. During the operation, police seized 83 mobile phones, 7 computers, 266 million VND in cash, and 3,353.07 USDT.

## Claims

- Quang Ninh City Police dismantled a cybercrime ring involved in fraud, money laundering, and illegal data trading. (corroborated by 5 sources)
- The criminal ring misappropriated more than 1,000 billion VND. (corroborated by 5 sources)
- The fraud affected thousands of victims across Vietnam. (corroborated by 5 sources)
- Authorities arrested and prosecuted 21 suspects. (corroborated by 5 sources)
- Seized items included 83 mobile phones, 7 computers, 266 million VND in cash, and 3,353.07 USDT. (corroborated by 5 sources)
- Suspects purchased personal data from Telegram groups to target victims. (corroborated by 5 sources)
- The group operated by renting apartments, homestays, and houses in urban and tourist areas to avoid detection. (corroborated by 5 sources)
- The investigation began following reports from 8 citizens in February 2026 regarding 160 million VND in losses. (corroborated by 5 sources)

## Timeline

### 2026-09-14: Quang Ninh Police dismantle 1,000 billion VND cybercrime ring

Quang Ninh City Police dismantled a cybercrime ring that misappropriated over 1,000 billion VND from thousands of victims in Vietnam through fraud, money laundering, and illegal data trading.

9 sources. https://clstr.news/cluster/quang-ninh-police-dismantle-1000-billion-vnd-cyber-fraud-ring

### 2026-09-13: Da Nang prosecutors indict 97 in transnational money laundering ring

Da Nang authorities have indicted 97 individuals for a transnational crime ring that used thousands of fake personal and business accounts to launder millions of dollars for criminal groups in Cambodia.

4 sources. https://clstr.news/cluster/da-nang-prosecutors-indict-97-in-transnational-bank-fraud-ring

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Cite as: Cyber fraud and money laundering rings in Vietnam. CLSTR, https://clstr.news/situations/cyber-fraud-and-money-laundering-rings-in-vietnam