Latest News about origin fraud
An agency from the General Department of Vietnam Customs has accused four firms of relabeling foreign-made products as Vietnamese, including bicycles and wooden shelves, to avoid high U.S. tariffs.
The Hanoi General Department for Market Management on Tuesday reported that it had seized more than 9,000 products of the fashion brand SEVEN.am.
After many exports to the US were found disguised with ‘made in Vietnam’ labels to try to evade anti-dumping duties, Vietnam has become more vigilant over origin fraud.
The Prime Minister has given instructions to fight against origin fraud and illegal transshipment to protect brands and the prestige of Vietnamese goods.
According to a market research by Forest Trend, in the first five months of this year, the number of new FDI projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.
Quantifying Vietnamese content in products and legalizing made-in-Vietnam products are important tasks which can clarify what made-in-Vietnam means.
Vietnam has vowed to prevent and discover origin fraud in an effort to protect domestic production.
Amid the US-China trade war, the US is paying higher notice to Vietnamese products. As a result, enterprises have had to change business practices to adapt to new circumstances.