The Asia – African Market Department under the Ministry of Industry and Trade on Wednesday sent a warning about signs of frauds related to shipments imported from the United Arab Emirates (UAE).

The Vietnam Trade Office in the Netherlands has warned of online fraud cases, particularly related to petroleum products, amidst the high demand for this category of goods.

Regarding the case of farm produce exports to the UAE, reported by VietNamNet several days ago, the buyer’s bank in the UAE has checked the payment procedures and found signs of fraud, and is carrying out an internal investigation.

Farmers in the Central Highlands city of Dalat are complaining about losses as local traders are selling Chinese strawberries under the Dalat brand name.

The Vietnam Sugarcane and Sugar Association (VSSA) has asked for help as smuggling is killing the domestic sugar industry and causing Vietnamese sugar companies to go bankrupt.

Why are mutant orchid transactions only carried out when the sprouts are just several centimeters long? Where is the money for these transactions coming from? Is the ‘mutant orchid bubble’ about to burst?

The Ministry of Agriculture and Rural Development (MARD) has affirmed that it is investigating and handling strictly ' enterprises that ‘wash Chinese origin’ and ‘counterfeit Vietnamese origin’ of products for export to the US.

Vietnam plans to enact a law to fight against the transfer pricing tax in an effort to enforce transfer pricing rules more aggressively, according to Cao Anh Tuan, general director of the General Department of Taxation (GDT).

The government is determined to deal with the case in compliance with the law and ensure lawful rights of enterprises and consumers.

Several recently discovered cases of fraud related to weights-and-measures equipment at petrol stations and jewellery shops have sounded the alarm over increasing and more sophisticated trade frauds,

VietNamNet Bridge - Some foreign investors come to Vietnam not because they want to expand their business, but because they find the country a good place to commit trade fraud.

VietNamNet Bridge - Many foreign invested enterprises (FIEs) established in Vietnam have helped their holding companies commit trade fraud.