On the afternoon of November 8th, the Da Nang City Police were present at the headquarters of GFDI Investment Consulting Co., Ltd. (GFDI Company), located on 29th March Street (Hoa Xuan Ward, Cam Le District, Da Nang).

According to VietNamNet reporters, riot police were deployed to provide security on the outer perimeter. Inside, many police officers were working with company employees. Security forces also temporarily sealed off the company headquarters.

An officer from the Da Nang City Police Department said that the force is currently carrying out its duties, and specific information will be provided to the public and the press when available.

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Police were present at the GFDI company headquarters.

At the same time, a large number of people gathered at the GFDI company headquarters waiting to speak with the company's leaders. Among the waiting customers were many elderly men and women.

Present at the company headquarters since noon, Mr. K. (a resident of Da Nang) said that at around 12 PM, Mr. Nguyen Quang Hoang, General Director of GFDI Company, was brought to the company headquarters by the police.

Mr. K shared that he invested in the company through a friend who works there. He, along with his mother and sister, invested a total of 2.5 billion VND in principal, two years ago.

“Initially, I planned to withdraw in April 2024 because I was worried about the high interest rate, but my mother said to wait until 2025, when the total interest would be nearly 4 billion VND, enough to buy a house, then withdraw. Now, I might lose everything,” Mr. K. worried.

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A large crowd of people gathered in front of the headquarters, waiting to meet with company leaders for a dialogue.

As reported by VietNamNet, on the morning of November 6th, hundreds of people gathered at the headquarters of GFDI Investment Consulting Company after hearing that the company had temporarily suspended trading across its entire system.

Many people have reported investing in the company through asset loan contracts. Initially, the company paid very high interest rates, with some receiving returns of up to 50% per year (as of 2020).

However, interest rates recently fell further until news broke that the company had suspended trading, causing panic among hundreds of investors.

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Security forces have temporarily sealed off the GFDI company headquarters.

On the evening of November 5th, social media circulated an announcement from GFDI Company regarding the temporary suspension of trading across its entire system, along with a letter allegedly written by General Director Nguyen Quang Hoang.

According to the letter, GFDI's main investment segments are no longer generating the expected returns. The company is reviewing and reassessing these investments and will temporarily suspend projects that are no longer profitable to ensure the best possible management of client funds. In the coming period, the company will delay payments for some client investment contracts.

Suspecting the company, which pays nearly 50% annual interest, is about to go bankrupt, investors surrounded its headquarters in Da Nang . On the morning of November 6th, hundreds of people gathered at the headquarters of GFDI Investment Consulting Company located on 29th March Street (Hoa Xuan Ward, Cam Le District, Da Nang) after hearing that the company had temporarily suspended trading across its entire system.