Sharp Electronics Vietnam has once again sent a letter of denunciation to six ministries and agencies, accusing local electronics company Asanzo Vietnam of falsifying documents.

Asanzo only assembles products instead of manufacturing them, because the added value created after assembling accounts for just 1 – 2% of the total cost of a product, while accessories and components imported from abroad make up the rest.

Sharp Electronics Vietnam has sent a letter of denunciation to investigators of the Ministry of Public Security, denouncing local electronics firm Asanzo for using falsified documents to prove its business ties with a Sharp subsidiary.

Sharp Electronics Vietnam has complained that Asanzo Vietnam had given fake evidence about its co-operation with Sharp Roxy Hong Kong.

Asanzo, a ‘rising star’ in the electronics industry with revenue of VND6 trillion in 2018 and annual growth rate of 44 percent per annum, has been suspected of committing fraud by declaring that its products are made in Vietnam.

Given the varying criteria and rules on origins, it is possible that local electronics producer Asanzo Vietnam had legally identified its products as “Made in Vietnam,” said lawyer Tran Ngoc Trung from law firm Baker & Mckenzie Vietnam.

Vietnam has no regulations on criteria for goods to be labeled ‘made in Vietnam’, so consumers have no basis to distinguish ‘made in Vietnam’ and foreign-made products.

Retailers have taken Asanzo-branded items off their shelves after Asanzo Viet Nam Electronics JSC was accused of selling products imported from China as 'Made in Vietnam' goods.

PM Nguyen Xuan Phuc has requested the Ministry of Finance and other government agencies to verify whether electronics firm Asanzo has been selling Chinese goods disguised as made-in-Vietnam, local media reported.

Several major retailers of mobile phones and home appliances have taken Asanzo-branded items off their supermarket shelves, after Asanzo Vietnam was discovered trading Chinese electronic products bearing Made-in-Vietnam labels.

Electronic products from Asanzo Vietnam, known as an electronics manufacturer supplying high-quality Vietnamese products in the local market, have been discovered to be Chinese goods being sold as Vietnamese products.

VietNamNet Bridge - Vietnamese businesses are still pursuing ambitious plans to make mobile phones and compete with foreign giants in the home market. 

The domestic market is being dominated by foreign brands, but Vietnam-made products are still available, targeting low-income earners.