Business executives to face disciplinary action for failure to stop smuggling activities
Recent arrests of Vietnamese flight attendants for carrying undeclared goods and drugs require drastic action.
Recent arrests of Vietnamese flight attendants for carrying undeclared goods and drugs require drastic action.
Vietnam’s trade performance continues to stay positive with the trade turnover as of December 15 rising by 4.5% year-on-year, or US$22 billion to $515.27 billion.
The fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam” is not an offense.
The Ministry of Finance would cooperate with the US in identifying fields and goods with high risks of origin fraud or illegal transshipment for information sharing and communication.
Despite trade protection measures from the authority, Vietnam’s steel imports continue to surge.
The establishment of communication channel under the agreement is instrumental in the fight against trade frauds and illegal transshipment, said Deputy Minister of Finance Vu Thi Mai.
If not properly addressed, illegal transshipment would increase the risk of Vietnamese compliant traders facing slower export procedures in the US, as well as higher customs duties, said an expert of the US Agency for International Development (USAID).
The news comes shortly after the General Department of Vietnam Customs (GDVC) announced its capture of US-bound Chinses aluminum worth US$4.3 billion forging Vietnamese origin.