Some Vietnamese banks are involved in the risk of nearly VND 1,000 billion in exporting cashews to Italy

Published Mar 10, 2022

Tridge summary

The article highlights a significant issue where 100 containers of cashews worth nearly 1,000 billion VND, exported from Vietnam to Italy, are at risk due to missing original documents for payment. The problem arose when the Italian buyer's bank returned the collection documents, stating that the buyer was not their customer and did not provide any payment details. This has led to uncertainty about the original documents' whereabouts and has sparked concerns about potential fraud. The Vietnam Cashew Association is working closely with the Embassy, trade office in Italy, and other relevant authorities to ensure the safety of the shipments and to prevent any unauthorized release of goods. An urgent meeting is called to discuss the situation and find a solution to this complicated issue.

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Original content

Source: Vneconomy.vn Businesses exporting cashews to Italy are at risk with 100 containers worth nearly 1,000 billion VND, while 5 payment banks are rushing to find where the original documents are... On the afternoon of March 8, the Vietnam Cashew Association issued an express dispatch No. 19/2022/TM-HHD to the Embassy, the Vietnam Trade Office in Italy, and the ministries, branches and the State Bank regarding the risk of 100 Containers of cashews exported to Italy, worth nearly 1,000 billion VND. According to Mr. Pham Van Cong, Chairman of the Vietnam Cashew Association (Vinacas), over the past time, some enterprises processing and exporting Vietnamese cashew kernels signed contracts with a number of customers to import Italian cashews through the company. broker Kim Hanh Viet. The whole shipment was packed into 100 containers, the destination is Genoa Port, LA Spezia Port transported by international shipping lines Cosco, YANGMING, HMM, ONE. The first information is ...

Source: AgroInfo.vn