The Vietnam Trade Office in the Netherlands has warned of online fraud cases, particularly related to petroleum products, amidst the high demand for this category of goods.

Vietnamese firms should use additional caution to avoid increasingly sophisticated scams in international trade, Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) Hoang Minh Chien said.

VOV.VN - The Ministry of Industry and Trade (MoIT) has revealed the list of products which are at risk of investigation for trade defence measures, origin fraud, and illegal transshipment.

Allowing banks access to Vietnam’s population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Pham Tien Dung.

Commercial banks in Vietnam have invested a total of VND15 trillion (US$629.7 million) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.

Trade Counselor in Mexico and Panama Luu Van Khang has advised Vietnamese businesses to carefully study their partners, following a range of trade frauds in Latin America in which firms from the Southeast Asian nation were victimised.

Through the case of the 76 containers of cashew nuts falling into problems in Italy last year and five containers of peppercorns, cashews, cinnamon and star anise in the UAE this year, it can be seen that the delivery of documents to an unauthorised person at the buyer's bank is a loophole in the international trade activities.

Prime Minister Pham Minh Chinh has ordered assistance to firms at risk of losing their farm produce shipments to the United Arab Emirates (UAE) market.

The Ministry of Industry and Trade (MoIT) recommended on July 25 that Vietnamese companies be cautious and thoroughly negotiate payment clauses when conducting transactions with foreign firms, following a suspected scam involving five batches of Vietnamese farm produce in Dubai.

Following the release of a notice by the Vietnam Cashew Association (Vinacas) warning cashew businesses about potential fraud concerning the export of cashew kernels to Dubai, United Arab Emirates (UAE), the Vietnamese Ministry of Industry and Trade's (MoIT) Asia-Africa Market Department has confirmed swift action.