financetom
Business
financetom
/
Business
/
Vietnam PM vows to fight against counterfeits, trade frauds
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vietnam PM vows to fight against counterfeits, trade frauds
May 26, 2025 7:24 AM

HANOI (Reuters) -Vietnam's Prime Minister Pham Minh Chinh on Wednesday urged the country's anti-counterfeit task force to devise new ways to fight fake goods, trade frauds and smuggling, the government said in a statement.

The pledge came as Vietnam is in talks to avoid crippling U.S. tariffs, offering Washington multiple measures to address longstanding concerns, including on intellectual property breaches and transhipment of Chinese goods through the country.

Internal documents reviewed by Reuters showed the government last month instructed officials to step up the fight against counterfeits, digital piracy, and the transhipment of Chinese goods to the United States, which Vietnamese officials often refer to as trade fraud.

The government said frauds were widespread and were increasing on online platforms, noting recent cases of fake milk, food and supplement products had "seriously affected people's health and social order".

The government said 1,100 cases of counterfeit and intellectual property violations, 25,100 cases of trade and tax frauds and 8,200 cases of smuggling contraband and prohibited articles had been detected this year. There were no comparative figures in the statement.

"The situation of smuggling and illegal cross-border transportation of goods remains complicated," the government said.

"Domestically, the production and trade of counterfeits, poor-quality goods and goods of unknown origin is openly widespread, and is on the rising trend on e-commerce environment on a large scale and for a long time, directly affecting people's health," the government said.

On Tuesday, the Ministry of Public Security said police arrested the former head of the Ministry of Health's food safety department in a fake supplement production and trading case.

Nguyen Thanh Phong was accused by police of taking bribes since 2016 to issue quality certificates to nine local companies that produced counterfeit supplements, the ministry said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved