Vietnam: The case of exporting cashew nuts to Italy, the Ministry of Agriculture and Rural Development recommends the Government for solutions

Published Mar 18, 2022

Tridge summary

The Ministry of Agriculture and Rural Development in Vietnam is seeking solutions for the issue of missing documents for 36 containers of cashew nuts exported to Italy, worth 162 billion VND. These containers, which are en route to Italy and have already arrived at one port, are out of the exporters' control due to suspected fraud. The Ministry is working with the Vietnam Cashew Association, Law Office Davide Gallasso, and the Vietnam Trade Office in Italy to handle the case and retain ownership of the goods for Vietnamese businesses. The Ministry has proposed that the Government assign the Ministry of Transport and Communications to coordinate with shipping lines to keep the 36 containers and support the lawyers handling the case. Additionally, the State Bank of Vietnam is reviewing transaction processes with the buyer's bank to determine the case's origin.

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

Original content

Up to this point, there are still dozens of containers of cashew nuts exported to Italy that are out of control. The Ministry of Agriculture and Rural Development has proposed to the Government on solutions to save these containers. The remaining cashew nut containers are on their way to Italy in late March, early April. Photo: TL. Containers of cashews are continuing to arrive in Italy. Following the direction of the Prime Minister at Official Dispatch No. 1583/CD-VPCP dated March 14, 2022 on the export of cashews to the European market, March 15. In 2022, the leaders of the Ministry of Agriculture and Rural Development had a meeting with the leaders of the Vietnam Cashew Association (VINACAS) to assist enterprises in handling the case of cashew exports to Italy. Based on the results of the meeting, on March 17, 2022, the Ministry of Agriculture and Rural Development sent a document to the Government Office to report on the case. Accordingly, through Kim Hanh Viet Brokerage ...

Source: Vinacas