Business

Vietnamese firms warned about export scams to Canada

The Vietnam Trade Office in Canada has warned Vietnamese businesses about export scams by some individuals misrepresenting themselves as major Canadian companies.
Vietnamese firms warned about export scams to Canada ảnh 1A garment factory in Vietnam (Photo: VNA)
Hanoi (VNA) – The Vietnam TradeOffice in Canada has warned Vietnamese businesses about exportscams by some individuals misrepresenting themselves as major Canadian companies.

The office said aside from conducting verification and coordinationwith businesses to issue warnings and take prevention measures, it has also liaisedwith the trade division of the Canadian Embassy in Vietnam and authorities ofthe North American country to ask for help with information verification.

The office has also worked withrelevant parties to warn banks and major businesses of Canada against scams.

It cited data from Statistics Canada showing that Vietnam’s exports toCanada have decelerated, which accords with a downtrend in the latter’s imports.

Local data between 2018 and 2022 indicated that since the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, theSoutheast Asian nation’s shipments to this market have been on the rise.

However, Vietnamese exporters have yet to fully capitalise on preferential tariffsunder the CPTPP as awareness is an issue. Vietnameseproducts are ineligible for preferential treatment in terms of origin certification and the rate of materials sourcedfrom the region, according to the Vietnam Trade Office./.
VNA
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