Vietnamese firms regain ownership of all 100 cashew nut containers in Italy scam

The ownership of all 100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses, according to the Vietnamese Trade Office in the European country.
Vietnamese firms regain ownership of all 100 cashew nut containers in Italy scam ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The ownership of all100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses,according to the Vietnamese Trade Office in the European country.

The containers, belonging to six Vietnamese exporters, were sold under contracts with a group of five importers in Italy. As the containers had been alreadydispatched, with some having reached Italian ports, the Vietnamese sellersclaimed that they had not received any payment as agreed from the buyers and hadlost track of the original documents of the consignments.

According to the office, right after scamsigns were detected, the Vietnamese firms coordinated with relevant agencies tostop the delivery of 26 containers.

Among the 74 containers already loaded on ships, 39 that were transiting in Singapore were turned backed to Vietnam. For thecontainers that were en route to Italy, the Vietnamese side asked the delivery agenciesto return the original documents to the exporters.

Meanwhile, among 35 containers whose original documents were lost, 30 have been sent back to Vietnam, or sold toother Italian buyers or exported to a third country.

For the remaining five containers stayingin Italian ports, on May 27, the Larino civil court affirmed the right of theVietnamese exporters to regain their ownership of three containers. On June 15and 16, Italian police returned the last two containers to Vietnamesebusinesses.

Vice Director of the Agency for Foreign Trade under the Ministry of Industry and Trade (MoIT) Tran Thanh Haiattributed the results to effective efforts to protect the rights ofbusinesses.

Prime Minister Pham Minh Chinh talked directly to his Italiancounterpart Mario Draghi to ask for support to settle the case, he said, addingthat Minister of Industry and Trade Nguyen Hong Dien also sent an official letter to theMinisters of Economy and Finance, and Foreign Affairs and InternationalCooperation of Italy to request their coordination.

At the same time, manyVietnamese relevant ministries, the Vietnamese Cashew Association, the VietnameseEmbassy in Italy and many other agencies joined hands in handling the case, hestressed.  

Through this case, Hai advised Vietnamesefirms to draw their own lessons when exporting products to internationalmarkets./.

VNA

See more

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.

Prime Minister Pham Minh Chinh receives Wouter Van Wersch, Executive Vice President of Airbus International. (Photo: VNA)

PM suggests Airbus help Vietnam in developing aviation ecosystem

During a meeting on March 14 with Wouter Van Wersch, Executive Vice President International of Airbus, Prime Minister Pham Minh Chinh praised the aerospace giant’s cooperation with Vietnamese partners, emphasising its role in boosting domestic and international connectivity and driving Vietnam’s socio-economic growth.

The Vietnam Consumer Rights Day 2025 is under the theme "Transparent Information – Responsible Consumption". (Photo: VNA)

Hanoi launches campaign for Consumer Rights Day

The event, organised by the city's Department of Industry and Trade, aimed to promote consumer protection as a long-term, essential task for all levels of government, businesses and society.