Enterprises exporting Vietnamese agricultural products are careful with the current trade fraud situation

Published 2023년 7월 26일

Tridge summary

Vietnamese enterprises have been falling victim to fraud in cross-border goods trading. The frauds occur in different forms, and the Ministry of Industry and Trade and Vietnam's Trade Office have been issuing warnings about them. Recently, businesses in Vietnam have experienced fraud in exporting agricultural products to the UAE, with signs of fraud occurring at the bank where the Vietnamese companies sent the documents for payment collection.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Similar forms of fraud In fact, frauds in cross-border goods trading are not uncommon for Vietnamese enterprises. This phenomenon takes place in many forms and is very unpredictable, often warned by the Ministry of Industry and Trade and Vietnam's Trade Office in the markets. However, with subjective psychology and ignorance in cross-border transactions, many Vietnamese businesses continue to become victims of international fraudsters. In particular, the lesson from the scam of 75 containers of cashew kernels of great value that happened in 2022 is a typical example: Many Vietnamese enterprises exporting to Italy have experienced being cheated by their partners. island, the original set of documents of the shipment is lost. After a long time with the active support of the authorities and many related costs, the enterprise was able to get the above shipment back. The signing and participation of new generation FTAs will have a great impact on the Vietnamese economy through the ...

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