Monday, 10/08/2009 11:03

Local firms warned against international fraud

The Ministry of Industry and Trade’s Asia-Pacific Market Department has warned Vietnamese businesses to be prudent when advancing part payments to import goods from Hong Kong.

While it is normal to advance 30- 40 percent of the contract value to import goods, not checking the credentials of the seller can prove dangerous.

Two Vietnamese companies prepaid part of the money to Carling (Hong Kong) Company Limited to import 500 tons of bone powder but have not received goods and have not been able to contact the seller since, according to the department.

They conducted transactions on the Internet but did not properly check the information about the seller.

According to the department, an official from the Vietnamese embassy’s Commercial Section found the company’s office as a place used just for sending and receiving mail. The Hong Kong representative, whom Carling hired to work as a secretary, did not know where the company’s Cameroonian director was.

As it is easy to establish a company in Hong Kong, many foreigners come here to obtain legal status and swindle people and businesses in other countries, the ministry said.

Tran Tam

thanhnien

Other News

>   Vietnam limits rice exporters to protect state contracts (10/08/2009)

>   Vietnam expects to export 700,000 tons of rice to Philippines (10/08/2009)

>   Retail fuel prices may change (07/08/2009)

>   Mobile carriers’ race for market share heats up (07/08/2009)

>   Seafood sector hits snags (07/08/2009)

>   Vietnam attends Tonkin Gulf economic cooperation forum (07/08/2009)

>   Vietnam exports 68,000 tonnes of pepper in six months (07/08/2009)

>   Local investor builds VND 2 trillion thermal-power plant (07/08/2009)

>   Hanoi to export key products (07/08/2009)

>   VN needs $10b for oil reserve (07/08/2009)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version