Vietnam: The risk of losing 5 containers of agricultural products sold to the UAE, businesses call for help from the authorities

Published 2023년 7월 24일

Tridge summary

The Vietnam Pepper Association has reported that four member businesses are at risk of losing their goods in Dubai due to signs of fraud in the export of spices and agricultural products. The businesses had exported 5 containers of pepper, cashew nuts, cinnamon, and anise worth $516,761 to a buyer in Dubai, but have not been paid by the buyer's bank. The association has requested support from relevant ministries and agencies to resolve the issue and prevent further losses.

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Original content

Regarding the case with signs of fraud in spices and agricultural products exported from Vietnam to the UAE market, on July 24, the Vietnam Pepper Association (VPA) has updated information about the case of 4 member businesses at risk of losing their goods in Dubai in the United Arab Emirates (UEA) when dealing with the same partner and recommended relevant ministries and agencies to take measures to support. Accordingly, there were 5 containers of pepper (2 lots), cashew nuts, cinnamon, anise valued at 516,761 USD of 4 enterprises, exported to the buyer is Bab Al Rehab Foodstuff Trading LLC (Dubai) - the collecting bank for the buyer is Ajman Bank PJSC. The contract specifies that the seller will deliver the goods at Jebel Ali Dubai port - UAE in June and July 2023. Payment terms are by collection and payment of documents (D/P) through Ajman Bank PJSC (headquartered at Ettehad Street, Next to Etisalat Building, Mushairef, Ajman, UAE), that is, the export documents will be ...

Source: Baochinhphu