Vietnam: Cashew nut exports still face the risk of being scammed

Cashew Nut Kernel

Raw Cashew Nut

Vietnam

Published Aug 6, 2023

Tridge summary

Vietnamese businesses are still involved in export scams, with 5 containers of cashew nuts being exported to Algeria but unable to go through customs clearance due to the Algerian Ministry of Trade listing the customer company as a commercial fraud enterprise. The owner of the goods is a Vietnamese enterprise, and the shipping company has requested a change of consignee, but Algerian customs did not accept it. The Vietnam Cashew Association and the Vietnam Trade Office in Algeria are working to prove the legal ownership of the goods and cancel the auction for public funds.

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Original content

The scam to export 100 containers of cashew nuts to Italy, worth 20 million USD at the beginning of 2022, has not yet subsided, but the Vietnamese business is still involved in the export scam of 5 containers of cashew nuts to Algeria. According to the Vietnam Cashew Association, 5 containers of cashews are exported through an intermediary business located in South Africa and this company has a deposit of 10% of the value of the goods. However, when the goods arrived at the port of Mostaganem (Algeria), customer Eurl ATS Food Company could not go through customs clearance because this company was included in the list of commercial fraud enterprises by the Algerian Ministry of Trade since June. 2022 (this list is not published by the Algerian side). The owner of the goods is a Vietnamese enterprise and the shipping company has completed the procedure to change the consignee, which is Eurl Azur Oran (Algeria) at the request of an intermediary in South Africa, but Algerian customs ...

Source: Vov