High prices of rice sold in the domestic market and for export in the recent past have fueled risks of origin fraud, influencing the prestige of Vietnamese rice in the global market, insiders have warned.
Boasting huge production advantages and capitalising on good market opportunities, Vietnam’s furniture sector has stood firm amid COVID-19 and improved its position in the global market and especially in the US.
The General Department of Vietnam Customs has intensified a drive to crack down on the fraudulent practice of giving foreign goods a fake Vietnam origin in an illegal attempt to take advantage of export tax incentives that the country enjoys under free trade agreements.
The Vietnam News Agency had an exclusive interview with Dam Thanh The, Director of National Steering Committee 389 under the central authority on fighting smuggling, commercial fraud, and counterfeit goods.
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.
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.
The Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade has revealed a list of 12 products which are likely to face trade origin fraud or illegal transshipment investigations.
International free trade agreements such as the CPTPP and the EU-Vietnam Free Trade Agreement have opened up unprecedented opportunities for Vietnamese steelmakers with the industry forecast to see robust growth.
The customs authority of Vietnam has been proactively fighting fraud of origin and illegal trans-shipment, General Director of the General Department of Vietnam Customs (GDVC) Nguyen Van Can said on November 1.
Ba Ria-Vung Tau province's Customs Department had seized a suspicious aluminum shipment worth 4.3 billion USD that was heading to the US and other countries, a General Department of Vietnam Customs official said.
A circular on "Made in Vietnam" products was expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Hanoi on September 25.
A circular is being drafted to regulate ways to identify products of Vietnam and those made in Vietnam, expected to help eliminate intentional and accidental misinformation about country of origin
Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.
A plan has been designed to strengthen management and prevention of trade defence evasion and origin frauds, aiming to fulfill international trade commitments and export/import development.
The Ministry of Industry and Trade’s Import – Export Department has recently warned of the increase in trade fraud through labeling products as “Made-in-Vietnam”.
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