trade fraud

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.