On Thursday, the Da Nang Department of Natural Resources and Environment sent an official dispatch to departments and agencies, and district-level authorities, to warn of the ‘virtual land fever’ for profiteering in Da Nang's rural areas.

Specifically, most recently, a number of groups of people have seen creating virtual land fever in rural areas in provinces and cities nationwide, including in suburban Hoa Vang District, for the purpose of profiteering by many different tricks.

In particular, they have spread inaccurate information about the dramatic increase in the number of people making land-related dossiers, causing work overload at the division for receiving land-related dossiers and returning the results of administrative procedures in Hoa Vang District.

However, through recent surveys, there have not been too many people coming to the division to make real property transactions. Most of photos of crowds of people at the division, which have been posted on social networks, have quite a few groups of land brokers.

Group of “professional land brokers” are considered to be behind the land price surge in Hoa Vang District. These brokers have formulated a sophisticated plan to create false demand for land in the countryside.

They are manipulating land prices by posting ‘false’ photos of the dramatically increasing number of land buyers and sellers in Hoa Vang District, duping residents into thinking that their land is valuable, and prices will continue to soar.

In addition, these people have shown a trick that the latecomers offer higher prices than the early birds.

But in fact, people's need to use land for the residential and agricultural production purposes is not much.

Other investors may jump in the race to buy land, and these brokers will make the final move – selling the properties at whopping prices and disappearing.

The bubble will then burst and the final investors to buy the land will get the biggest blow, causing many consequences for the lives of people in rural areas.

Faced with the above tricks of some groups of land brokers, the municipal Department of Natural Resources and Environment warns that people in Da Nang, especially those in rural areas, should beware of the above tricks to avoid having to bear unwanted consequences for their families and society.

Reporting by HOANG HIEP – Translating by M.DUNG