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.

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.

Deputy Prime Minister Tran Luu Quang chaired a teleconference in the Mekong Delta city of Can Tho on June 28 to direct the fight against illegal, unreported, and unregulated (IUU) fishing; boundary demarcation; prevention and control of crimes, drug and human trafficking, smuggling, trade fraud and counterfeit goods.

Customs agencies nationwide detected and handled 543 cases violating customs regulations between December 16, 2022, and January 15, 2023, according to the General Department of Vietnam Customs.

General Director of the General Department of Vietnam Customs (GDVC) Nguyen Van Can and Director-General of the European Anti-Fraud Office (OLAF) Ville Itälä signed a customs administrative cooperation agreement between the Vietnamese Finance Ministry and OLAF in Brussels on December 14.

The socio-economic impacts of the two-year-old EU-Vietnam Free Trade Agreement (EVFTA) along with issues that the deal poses for Vietnam were under focus at a scientific seminar held in Hanoi on August 4.

VOV.VN - A number of Vietnamese export businesses have recently fallen victim to fraud due to their limited knowledge of international trade, losing both goods and cash in the process.

The State budget revenue from export and import reached VND107.3 trillion (nearly US$4.7 billion) in the first quarter of 2022, up 22.44% year on year.

VOV.VN - A recent suspected scam involving local businesses exporting cashew nuts to Italy has raised alarm bells for exporters amid increasing transnational trade fraud.