Legal framework for ‘Made-in-Việt Nam’ products to curb trade fraud

The Viet Nam News
October 4, 2019
Category: Business & Politics
Region: International

Việt Nam has recently found cases of foreign enterprises falsely labelling their products as originating in Việt Nam to illegally benefit from the free trade agreements the country is a member of and avoid trade defence mechanisms. …Some commodities have gained unusual export growth since the start of US-China trade tensions, including wood. The wood import turnover has increased sharply in the first eight months of this year. China is the largest market for Việt Nam, with 21.1 per cent of the market share. This has raised concerns over origin fraud. ….Deputy Minister of Industry and Trade…Unusual export growth is the first important sign of origin fraud. However, sudden increase in exports may occur for a variety of reasons.

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