Scammers sell numerous "phantom" projects, defrauding people of approximately 50 billion VND.

The investigation so far has determined that Vietnam Real Estate Company has not yet completed the necessary procedures to apply for permission.land use conversionThe land parcels were subdivided, including: Parcel No. 171, map sheet No. 6, located in Phuoc Hiep commune and Parcel No. 1200, map sheet No. 18, located in Nhuan Duc commune (both in Cu Chi district, Ho Chi Minh City); Parcel No. 595 656, map sheet No. 9, located in Xuan Thoi Thuong commune, Hoc Mon district, Ho Chi Minh City; and several land parcels in Ia Bang commune and Ia Toorr commune, Chu Prong district, Gia Lai province.

Mr. Tran Trung Hieu, General Director of Viet Real Estate Company, arbitrarily established residential projects and subdivided land plots with areas starting from 30 square meters.²up to 100m²In violation of legal regulations, they arbitrarily named the following projects: Loc Phat Garden Residential Area Project, Nhuan Duc Residential Area Project, Phuc Loc Tho Project, Xuan Thoi Thuong - Hoc Mon Project, Gia Lai Central Park Residential Area Project.

These "phantom" projects, after being established, used advertising companies to sell land plots to many people as residential land, employing forms such as "Preliminary Contracts for Transfer of Land Use Rights" or "Notarized Agreements," deceiving customers to gain illicit profits, initially appropriating approximately 50 billion VND from the victims.

To assist in the investigation, the Ho Chi Minh City Police Investigation Agency requests that anyone who signed a "Principle Contract for the Transfer of Land Use Rights" or a "Notarized Agreement" to receive the transfer of land plots with Viet Real Estate Company or with Tran Trung Hieu, come to the Ho Chi Minh City Police Investigation Agency at 674 3 Thang 2 Street, Ward 14, District 10, and contact investigator Pham An, Tel. 0693187783 to report.