Needing money for expenses, Phung Tri Dung (20 years old, residing in Hanoi) pawned two motorbikes belonging to his cousin and his family, then called the 113 police hotline to report them stolen.
Twenty-two individuals, including directors, managers, and employees from various companies in Ho Chi Minh City, have been prosecuted for usury in civil transactions, charging interest rates ranging from 183% to 2.555% per year.
Thanh Hoa police have discovered violations at over 70 pawn shops and financial lending establishments, including one location showing signs of criminal activity.
17 out of 18 F88 business locations in Bac Giang have some shortcomings and violations regarding business conditions for establishments with security and order requirements.
The Investigation Police Department of Hai Duong province has placed Nguyen Van Ha (born in 1993, residing in Kim Thanh district, Hai Duong province) under temporary criminal detention for the act of "usurious lending in civil transactions".
A loan sharking ring operating under the guise of a pawn shop in Ho Chi Minh City has been dismantled, with police seizing guns, numerous weapons, and related evidence.
Leaders of the People's Committee of Van Tu commune (Thuong Tin district, Hanoi) confirmed that a fight had occurred at a pawn shop in Nguyen Hanh village, resulting in one death.
A young man, holding a lighter in one hand and a can of gasoline in the other, stormed into a pawn shop in District 9. In an instant, a fire broke out, destroying much of the shop's property.
In addition to harboring and illegally using drugs, Ha and Tinh also possessed firearms and engaged in usurious lending with interest rates ranging from 144% to 216% per year.
After the World Cup ended, pawn shops in Hanoi began busily liquidating many items that customers brought in as collateral, in order to get rid of excess inventory.
After the World Cup ended, gamblers didn't come to redeem their belongings, so pawn shops started liquidating their stock; by raising the price of each item by 2-8 million dong compared to the original pawn price, shop owners raked in hundreds of millions of dong every day.
After pawning their phones, laptops, motorbikes, etc., the next thing students are pawning is their diplomas and certificates during the World Cup season.
Mùa World Cup 2018, nhiều cửa hàng cầm ô tô tại Hà Nội nhộn nhịp khách vào ra, trong số đó có không ít những gương mặt trẻ măng, đi xe sang như BMW, Mecerdes, Lexus,...
The perplexing performances of the German and Argentinian teams at the 2018 World Cup became the "culprits" of gamblers, but a source of income for pawnshops in Vietnam.
As soon as the final whistle blew in the Argentina vs. Croatia match, customers flocked to the pawn shop; by exactly 8 a.m., the inventory was finished, and my two shops had pawned nearly 500 mobile phones in just one night, not to mention a considerable number of laptops, motorbikes, and other items…
Many pawn shops in Ho Chi Minh City are thriving during the World Cup season thanks to tactics such as undercutting customers' pawn values and only accepting high-value items.