Last cashew nut containers in Italy scam freed

The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.
Last cashew nut containers in Italy scam freed ảnh 1Illustrative photo. (Source: VNA)
Rome (VNA) – The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.

They are among a total of 100 containers of the product shipped to a buyer in Italy in March. As the containers had been already dispatched, with some having reached Italian ports, the Vietnamese sellers claimed that they had not received any payment as agreed from the buyer and had lost track of the original documents of the consignments.

After the case was taken to court in Italy, the sellers gained control of 12 containers in early April. The remaining 23 were returned on May 30.

According to attorney Davide Gallasso from Gallasso & Associati, a law firm hired to defend the six Vietnamese companies who initially owned the cashew nut containers, Italian courts have ruled in favour of all of the exporters and these are very important steps for them.

Three of the exporters have paid 150 percent of the value of their consignments as deposits for shipping lines to retrieve the goods while others have not agreed to do so and a criminal court in Genova has ruled that they can take back the goods or sell them to new buyers within 30 days of the verdict.

Similarly, a civil court in Larino has affirmed the right of the Vietnamese exporters to regain their ownership of the containers and rejected all objections and counterclaims from the buyer.

Gallasso & Associati attorneys are working with Italian customs and financial police to help the Vietnamese firms clear the containers from ports in the coming days.

Meanwhile, prosecutors in Naples who are investigating illegal actions of the buyer have requested the police and anti-fraud authority to search for and seize all the 35 stolen sets of the original bills of lading, affirming “Vietnamese exporters are victims of a fraudulent scheme”.

Those having already paid deposits are being supported to get refund from the shipping lines, which, according to the attorneys, will be more complicated and take much more time.

The attorneys have also recommended that to avoid similar incidents, it is important for Vietnamese companies to be more careful when negotiating international business contracts./.
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.