More progress seen in handling suspected cashew nut scam in Italy

A new positive development has been seen in the suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy, with eight containers already re-exported to the Netherlands by March 22, according to the Vietnam Trade Office in Italy.
More progress seen in handling suspected cashew nut scam in Italy ảnh 1Cashew nut processing for export - Illustrative image (Photo: VNA)
Rome (VNA) – A new positive development has been seen in the suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy, with eight containers already re-exported to the Netherlands by March 22, according to theVietnam Trade Office in Italy.
Those eight are among the containers whose original documents are still kept by the exporters.

To continue supporting Vietnamese exporters who lost original documents of their goods in the case, representatives of the tradeoffice made a business trip to the port northern Italian city of La Spezia on March 22, toask the port authorities, financial police and shipping lines to helpreduce the loss of the Vietnamese exporters to the lowest.

Vietnamese Trade Counselor in Italy Nguyen Duc Thanh saidthat La Spezia port authorities and Italian police had promised to detain 14-16 containers without original documents at the port.

Twenty-one others are expected to arrive in La Spezia andGenova ports in the coming time, including six to La Spezia on March 26 and twoalso to this port on March 28-29.

In the coming time, the Trade Office and the Embassy ofVietnam in Italy will continue to work with shipping lines on issues related tothe case. According to Thanh, if it becomes a criminal case,the handling may be faster, because there is information that the buyer hashired lawyers and has contacted the lawyers of the sellers (Vietnameseenterprises), shipping lines, and the court to claim delivery when they have theoriginal documents.

Currently, there is at least one set of original documentsthat have been identified by COSCO (the freight forwarder) as real. This is thefirst evidence that suspected scammers in Italy have somehow obtained theoriginal documents illegally without paying Vietnamese businesses.

Thanh also recommended that Vietnamese businesses and the VietnamCashew Association (Vinacas) should work actively with relevant agencies in Vietnamto make urgent decisions to enable Vietnamese businesses to early exportthe goods.

According to Vinacas, through a Vietnamese broker, severalcashew nut exporters have signed contracts to export 100 containers of theproduct to Italy, to be transported by international shipping lines Cosco,YANGMING, HMM, and ONE to the ports of Genoa and La Spezia.

The Vietnamese sellers have received no payment to date,though some containers have arrived in Italy while others are on the way.

The sellers reported that there are changes made to theSWIFT code in the documents of collection sent from Vietnamese banks to thoseallegedly representing the importer in Turkey. The Turkish banks declared thebuyer is not their client and said they had sent back the documents. It isnoteworthy that those banks neither specified how they had sent back thedocuments nor provided Vietnamese banks with bills of lading.

Meanwhile, after some documents of collection were sent tothe buyer’s bank in Italy, the Italian bank replied that it had received onlycopies of the bills of lading, not the original versions, causing risingconcerns among the exporters as the whereabouts of the original documentsremain unknown. Anyone with the original documents can present them to thetransporters for the release of the goods./.

VNA

See more

Workers process coconuts for export at Vina T&T Group. (Photo: nhandan.vn)

Agricultural exports reliant on securing raw material supply

According to Secretary General of the Vietnam Pepper and Spice Association Le Viet Anh, pepper remained Vietnam’s leading spice export in 2025, with shipments exceeding 247,000 tonnes, accounting for 59.3% of total spice export volume. Export revenue reached 1.66 billion USD, out of total spice exports of 2.1 billion USD.

Prime Minister Pham Minh Chinh speaks at the meeting between standing Government members and representatives of ministries, agencies and Phu Tho province (Photo: VNA)

PM orders new Lo river bridge to meet emerging development needs

Stressing both immediate and long-term imperatives, Prime Minister Pham Minh Chinh directed that authorities pursue a dual-track approach: repairing the existing bridge to ensure safety while simultaneously investing in a new structure capable of opening up new socio-economic development space and safeguarding national defence and security.

Online event promotes Vietnamese products in Canada (Photo: VNA)

Online programme promotes Vietnamese products in Canada

Vietnam’s exports to Canada have doubled over the past five years to more than 13 billion USD, reflecting strong cooperation potential, especially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) continues to take effect.

Vehicles transporting import and export goods at Mong Cai international border gate. (Photo: VNA)

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao. (Photo: VNA)

Spring Fair 2026: Trade fairs boost Vietnam–Italy trade connectivity

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.

The booth of the Vietnam Trade Office at a trade fair in Morocco. (Photo published VNA)

Spring Fair 2026: opportunities for trade between Vietnam and Morocco

Tran Le Dung, Head of the Vietnam Trade Office in Morocco, said Morocco has accumulated extensive experience in hosting large-scale agricultural trade fairs and exhibitions. Flagship events include the annual International Agricultural Exhibition in Morocco (SIAM), alongside specialised shows covering food and beverages, textiles, handicrafts and logistics.

Prime Minister Pham Minh Chinh delivers closing remarks at the Spring Fair 2026. Photo: VNA

Prime Minister attends Spring Fair 2026 closing ceremony

After 12 vibrant and colourful days, the first Glorious Spring Fair 2026 vividly portrayed the vitality of the nation’s economic and consumer activities at the beginning of the new year, leaving a strong impression on the public and business community.

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.