So said Vuong Tri Dung, deputy head of the Hanoi Market Management Department, at an international seminar held in Hanoi on November 6 to discuss measures against trade fraud and smuggling of counterfeit products into Cambodia, Laos, Myanmar and Vietnam.
Vietnam is considered a “hot spot” for illegally-imported products, especially in the last months of the year due to local consumers’ rising demand, they added.
Truong Hoai Nam, Head of the Market Management Department under the Ministry of Industry and Trade (MoIT), said 89 trade fraud cases were detected in the first eight months of 2013, a huge volume of illegally-imported products valued at more than VND1,058 billion with a total of fines worth VND485.11 billion.
Participants said such products of low quality have caused great losses to both businesses and consumers.
They stressed the need for an effective mechanism for cooperation among relevant agencies, businesses and consumers to combat trade fraud and smuggling of counterfeit products into the country.