Vietnam: The case of 5 containers suspected of being scammed in UAE, filling the risk gap

Published 2023년 8월 7일

Tridge summary

The Vietnam Trade Office in the UAE is warning Vietnamese exporters to be cautious when negotiating payment terms and to verify the credibility of their partners before signing contracts. This warning comes after several shipments of pepper, cinnamon, cashew, and star anise from Vietnamese exporters worth over half a million USD were suspected of being cheated in the United Arab Emirates. To mitigate these risks, exporters are advised to use consulting services and legal services, request inspections of goods, and consider purchasing insurance. Additionally, they should be aware of unusual signs such as using free email addresses, making fast-moving claims, avoiding face-to-face meetings, and ordering small quantities before suddenly ordering large quantities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vietnam Trade Office in the UAE recommends that Vietnamese exporters be cautious, carefully negotiate payment terms to ensure safety and learn before signing the contract. In order to ensure the interests of Vietnamese exporters from the case of pepper, cinnamon, cashew and star anise shipments worth more than half a million USD exported to Dubai, the United Arab Emirates (UAE) is suspected of being cheated. In the past few days, the Vietnamese Embassy and the Vietnam Trade Office in the UAE, along with the Dubai authorities, have been actively involved. Up to now, 4 consignments of pepper, cinnamon and cashew have been taken out of the port by the buyer, while the seller, who is a Vietnamese enterprise, has not yet received payment. Another shipment of star anise is kept at the port in Dubai. Acknowledging this incident, Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade), said that through the information reflected, a common ...

Source: Vinacas