trade fraud

Update news trade fraud

A recent suspected scam involving local businesses exporting cashew nuts to Italy has raised alarm bells for exporters amid increasing transnational trade fraud.

Global Retail at risk of losing shipment to Africa

Global Retail may lose two containers of goods if the partner follows customs procedures and colludes with local shipping lines and customs agency to take out goods without original documents.

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.

Tax body to verify information about mutant orchids worth billions of VND

"Unusual fever" for mutant orchids has spread from the northern provinces of Quang Ninh, Son La, Hoa Binh to the Central Highlands. 

Legal framework to be improved to promote e-commerce and prevent trade fraud

Vietnam is improving its legal framework to promote the development of e-commerce with a focus on preventing trade fraud.

Origin fraud threatens local exporters

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.

South cracks down on rising trade fraud, smuggling as Tet nears

HCM City and southern border provinces are working hard to fight against counterfeit goods, trade fraud and illegal cross-border smuggling as the Tet (Lunar New Year) holiday approaches.

Police issue warning over illegally-operated WinsBank system

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

Vietnam endeavors to combat trade fraud

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 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 EVFTA

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 EVFTA

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 inspection

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 violations

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 documents

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 waters

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 seized

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 stockpile

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 billion

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 fraud

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