Vietnam government vows to combat origin fraud

Jan 08, 2020 / 06:34 AM

The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders.

The Vietnamese government on December 31, 2019 issued Resolution No.119/NQ-CP with an aim to address rampant cases of origin fraud and illegal transshipment, in a move to show its determination to ensure fair trade with major partners.

Illustrative photo.

The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders, particularly with the enactment of new free trade agreements such as the Comprehensive Progressive Trans – Pacific Partnership (CPTPP) and the EU – Vietnam Free Trade Agreement (EVFTA) in the context of the ongoing US – China trade war, the Ministry of Industry and Trade (MoIT) said in a statement on its portal.

Additionally, the resolution is expected to attract foreign investment in hi-tech projects with greater added value, helping local firms to further integrate in the global supply chain.

To fulfil such objectives, the resolution proposed a number of measures:

Firstly, the government would continue to perfect the legal framework related to origin of goods and products, while enhancing capabilities in identifying and preventing cases of illegal transshipment, origin fraud and evasion of trade safeguard measures.

Secondly, taking stricter measures against cases of trade frauds.

Thirdly, raising awareness related to trade fraud.

Fourthly, showing Vietnam's determination to cooperate with international partners in preventing and tackling trade fraud activities.

Due to the US – China trade war, US-bound Chinese goods such as plastics, optical items, electronics that are subject to US anti-dumping duties have decreased in volume, but transshipment of such goods to the US via third countries, including Vietnam, is surging.

A report from the Vietnam Steel Association suggested Vietnam’s steel industry has been at the center of trade probes from other countries following the escalation of the trade war.

In late October, the General Department of Vietnam Customs (GDVC) timely prevented a US$4.3-billion Chinese aluminum batch forging Vietnamese origin from being exported to the US.

“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,” stated a USAID expert.

Police investigate electronic firm Asanzo for trade fraud

04 Jan, 16:42

The government is determined to deal with the case in compliance with the law and ensure lawful rights of enterprises and consumers.

Vietnam tightens supervision on foreign investment to prevent origin frauds

09 Dec, 06:03

A number of foreign-invested firms have falsely labeled their products as originating from Vietnam to avoid trade safeguard instruments amid the US-China trade war.

Growing number of suspicious Chinese goods forging Vietnamese origin exported to US: USAID

14 Nov, 22:38

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).

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

05 Dec, 10:37 AM

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

02 Dec, 03:33 PM

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

02 Dec, 02:17 PM

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

01 Dec, 09:13 PM

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

01 Dec, 09:07 PM

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

01 Dec, 07:11 PM

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

30 Nov, 02:00 PM

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.

28 Nov, 06:15 PM