return icon Vietnamnet.vn

Businesses told to be on the alert when exporting products to China

Vietnam’s businesses now have great opportunities to boost exports through official channels to China as the Chinese government is encouraging official imports, and the shipping fee is decreasing.

However, they have been told to be cautious when doing business with the Chinese as they may fall into traps set by Chinese businesses.

 

{keywords}

Betrimex lost Cocoxim brand in China

 

“We sold canned coconut milk with Cocoxim to China. However, the brand was ‘stolen’ by a Chinese company after it registered the brand in China,” Tran Thi My Hanh from Betrimex said.

“Many partners now want to buy our products, but we cannot sell. It will take time and money to claim the brand back,” she said.

Betrimex lost its Cocoxim brand in China for the last three years. It identified the company which registered the brand in China, but it still has not been able to meet the leaders of the company.

Betrimex lost its Cocoxim brand in China for the last three years. It identified the company which registered the brand in China, but it still has not been able to meet the leaders of the company.

Nguyen Lam Vien, general director of Vinamit, a dried fruit producer, who successfully got its the brand back after a lawsuit, said the company had to spend a lot of time and money on the lawsuit, especially hiring lawyers with deep knowledge and relations.

He said if Betrimex wants to negotiate with the company which stole Cocoxim brand, it would be better to do this soon before the brand becomes strong.

“In general, no matter what Betrimex chooses, it should get the brand back,” he said.

Vien went on to say that Cocoxim is just one of many brands Vietnamese businesses lost to Chinese hands. He knows a coffee company which lost its brand after a period of presence in China and it later had to use another brand to sell coffee to the market.

Meanwhile, some Vietnamese businesses continue to distribute to Chinese partners. Others sell their products without their own brands. In all these cases, it is highly possible that they will become victims.

The first thing that Vietnamese businesses are told to do is register their brands in Chinese language with Chinese agencies. This prevents Chinese businesses from coming to Vietnam to collect products and taking them back to China for sale, which will compete with Vietnam’s official exports.

The second important factor is choosing partners and suitable distribution channels. Businesses have also been advised to set up offices in the market to keep close watch over the staff and the rotation of goods. 

Mai Chi

Vietnamese market can be tough for foreign food & coffee brands

Vietnamese market can be tough for foreign food & coffee brands

For the last half month, visitors to Coffee Bean and Tea Leaf at Dong Khoi Street located near the Metropolitan building in the central district 1 of HCMC can see only closed green doors.

Over 10 of Vietnamese key farm produce sold abroad

Over 10 of Vietnamese key farm produce sold abroad

More than 10 key agricultural products of Vietnam are being sold across 160 countries and territories worldwide.  

MORE NEWS

1.8 mln mobile subscribers with incorrect personal information to be locked

Mobile service providers will block incoming calls for about 1.8 million subscribers with personal information failing to match the national population database beginning on April 1.

British national museum, library introduce items on Vietnam

Speakers from the British Museum and Library have introduced documents on Vietnam’s culture and its long-standing ties with the UK, at a discovering-Vietnam event held at the D-Contemporary in central London.

Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said.

Renewable power developed at lightning speed but has slowed down

In 2017-2021, Vietnam saw a boom in solar and wind power development. After 2021, development, however,  slowed down as the pricing policy remained unclear.

Mortgaged assets of enterprise whose owners fled the country are up for sale

Agribank’s Bac Hai Phong Branch has announced the auction of assets used as collateral for a loan provided to Kai Yang Vietnam Co Ltd.

VN-China's Taiwan coordinate in verifying identity of victims drifting at sea

After receiving information from Taiwanese authorities on the case, the Foreign Ministry directed the Taipei office to urgently work with Taiwanese authorities on the matter.

Over 3,200 phishing pages detected in Q1

Phishing attacks have been on the rise in the first months of the year. Chong lua dao, a not-for-profit cybersecurity project, reported that it has discovered 3,271 websites scamming Vietnamese users over the last three months.

VIETNAM BUSINESS NEWS MARCH 31/2023

SBV's draft regulations encourage banks to support corporate bond market

VIETNAM NEWS HEADLINES MARCH 31/2023

First-ever baguette festival honours national delicacy

1.6 mobile subscribers in danger of service termination after March 31

The Authority of Telecommunications (under the Information & Communications Ministry) yesterday announced that 1.9 million mobile subscribers successfully certify personal information with their carriers.

Case of four flight attendants carrying drugs remains under investigation

Regarding the case of the four Vietnam Airlines flight attendants who transport drugs from France to Tan Son Nhat Airport, the police have initiated an investigation and will provide updates on the results.

Foreign ownership at some local banks may rise to 49%

The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%.

Chinese manager arrested for murdering staff member in Binh Duong

A Chinese director of a company in the southern province of Binh Duong was arrested on Thursday after allegedly murdering a female staff member.

Hundreds of flights added for surging national holiday demand

Vietnamese airlines have provided around hundreds of additional flights to serve travel demand for Reunification Day (30/4) and International Labour Day (May 1).

New 3D virtual space promotes Vietnamese betel nut culture

The practice of chewing betel has deep cultural roots in Vietnamese traditions and is a customary element in engagement and wedding ceremonies, as well as during conversations.
back_to_top