trade fraud

Latest News about trade fraud

Tax tweak puts strain on apparel makersicon
BUSINESS27/05/20210

Tax tweak puts strain on apparel makers

On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies.

 
Origin fraud threatens local exportersicon

Origin fraud threatens local exporters

BUSINESS
31/12/2020

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Police issue warning over illegally-operated WinsBank systemicon

Police issue warning over illegally-operated WinsBank system

BUSINESS
17/07/2020

The Ministry of Public Security has warned people about investing in the WinsBank system through website WINSBANK.IO.

Vietnam endeavors to combat trade fraudicon

Vietnam endeavors to combat trade fraud

BUSINESS
13/03/2020

The government of Vietnam’s effort to combat trade fraud has been highly appreciated by trade partners as Vietnam’s exports to important markets continue to be welcomed.

Ministry of Industry and Trade issues action programmes for 2020icon

Ministry of Industry and Trade issues action programmes for 2020

BUSINESS
15/01/2020

Minister of Industry and Trade Tran Tuan Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.

Exporters warned of potential trade barriers under EVFTAicon

Exporters warned of potential trade barriers under EVFTA

BUSINESS
22/12/2019

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.

Exporters warned of potential trade barriers under EVFTAicon

Exporters warned of potential trade barriers under EVFTA

BUSINESS
21/12/2019

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.

VN woodwork exports face new regulation on customs inspectionicon

VN woodwork exports face new regulation on customs inspection

BUSINESS
10/12/2019

The new regulation on certificate of origin (C/O) makes it more for Vietnam to obtain $11 billion in woodwork exports this year as planned.

Seven.Am operators disciplined for business violationsicon

Seven.Am operators disciplined for business violations

BUSINESS
02/12/2019

The Vietnam Directorate of Market Surveillance has imposed an administrative fine of VND170 million on MHA JSC and Thu Ky Company, operators of the Seven.Am fashion chain, for four business violations.

Sharp Vietnam once again accuses Asanzo of forging documentsicon

Sharp Vietnam once again accuses Asanzo of forging documents

BUSINESS
29/11/2019

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.

Cigarette smuggling boats seized in Vietnamese watersicon

Cigarette smuggling boats seized in Vietnamese waters

SOCIETY
27/11/2019

Vietnamese customs officers have seized 58 boxes of smuggled cigarettes in Vietnamese waters, online newspaper vietnamplus.vn (Vietnam News Agency) reported yesterday.

9,000 products of SEVEN.am fashion chain seizedicon

9,000 products of SEVEN.am fashion chain seized

BUSINESS
13/11/2019

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.

Vietnam customs permits firm to handle huge aluminum stockpileicon

Vietnam customs permits firm to handle huge aluminum stockpile

BUSINESS
04/11/2019

The General Department of Vietnam Customs said some 1.8 million tons of Chinese aluminum remains in possession of the importer, who can sell the product in Vietnam and pay all tax obligations.

Vietnam stops US-bound Chinese aluminum forging Vietnam origin worth US$4.3 billionicon

Vietnam stops US-bound Chinese aluminum forging Vietnam origin worth US$4.3 billion

BUSINESS
29/10/2019

Currently, Vietnamese aluminum exported to the US is subject to 15% import tariff, while similar Chinese products are applicable to a tax rate of up to 374%.

Vietnam Customs Agency vows to combat origin fraudicon

Vietnam Customs Agency vows to combat origin fraud

BUSINESS
14/10/2019

The Prime Minister has given instructions to fight against origin fraud and illegal transshipment to protect brands and the prestige of Vietnamese goods.

Vietnam needs to do more to avoid trade fraudicon

Vietnam needs to do more to avoid trade fraud

BUSINESS
09/10/2019

The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Vietnam Steel Association.

Vietnamese government to crack down on trade fraudicon

Vietnamese government to crack down on trade fraud

BUSINESS
12/06/2019

The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs.