Alleged scam of export to UAE: Payment for 4 out of 5 containers recovered

Regarding the alleged export scam involving five containers of farm produce, including black pepper, cashew nuts, cinnamon and star anise to the United Arab Emirates (UAE), the Vietnam Pepper Association (VPA) announced on October 13 that payment for four containers has been retrieved and the remaining work is underway.
Alleged scam of export to UAE: Payment for 4 out of 5 containers recovered ảnh 1At Hai Phong port (Photo: VNA)

HCM City (VNA) - Regarding the allegedexport scam involving five containers of farm produce, including black pepper,cashew nuts, cinnamon and star anise to the UnitedArab Emirates (UAE), the Vietnam Pepper Association (VPA)announced on October 13 that payment for four containers has been retrieved andthe remaining work is underway.

On July 15, after receiving reports fromseveral firms that they suspected they had fallen victim to an export scaminvolving five containers destined for the UAE, the VPA, in collaboration with theVietnam Cashew Association (VCA) and various enterprises, banks, fast deliveryand shipping companies, compiled information and reported the incident to Governmentagencies, ministries, and departments, the Vietnamese Embassy and Trade Officein the UAE, the UAE Embassy in Hanoi, and press agencies.

From October 10-12, Ajman Bank in the UAE refunded over 354,900 USD for the four containers. As for the container of star anise, which hasbeen stored at Jebel Ali Port in Dubai since July 26, the businesses arestill working with the Ajman Bank to request payment for all incurred expenses,including warehouse and legal fees, and the cost of returning the goods to HaiPhong port. The estimated expense related to this shipment as of October 11 amountedto nearly 70,000 USD, and the total value of the shipment is 114,639 USD.

Through this incident, the VCA urged firms to exercise even greatercaution in negotiations, partner verification, payment terms and contracts toprevent the recurrence of similar cases in the future./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.