Latest News about trade fraud
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.
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.
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 Electronics Vietnam has once again sent a letter of denunciation to six ministries and agencies, accusing local electronics company Asanzo Vietnam of falsifying documents.
Vietnamese customs officers have seized 58 boxes of smuggled cigarettes in Vietnamese waters, online newspaper vietnamplus.vn (Vietnam News Agency) reported yesterday.
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.
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.
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%.
The Prime Minister has given instructions to fight against origin fraud and illegal transshipment to protect brands and the prestige of Vietnamese goods.
The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Vietnam Steel Association.
The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs.