Viet Nam Boosts Origin Fraud Fight to Protect Local Industries and Consumers
Viet Nam's Ministry of Industry and Trade has bolstered efforts to combat origin fraud, aiming to protect local industries and inform consumers accurately. The ministry has issued directives and drafted a decree to strengthen the legal framework, as Viet Nam's substantial foreign trade turnover, nearly US$800 billion in 2024, increases the risk of fraud.
Common tactics employed by fraudulent enterprises include repackaging, false labeling, and exploiting e-commerce platforms. The General Department of Market Surveillance (GDMS), under the ministry, leads the fight against these practices, collaborating with the General Department of Customs (GDC) and the National Office of Intellectual Property of Vietnam (NOIP). These organizations work together to enforce brand and product safety standards, control origin labels, and prevent smuggling.
Escalating US-China trade tensions have driven some foreign enterprises to falsely label products as 'Made in Viet Nam' to circumvent US tariffs. Textiles, wooden furniture, honey, aluminium, steel, and seafood are among the most targeted products. Viet Nam's trade authorities and industry experts stress the importance of rules of origin for transparency and fairness in trade, crucial for maintaining trading partner trust and preventing fraud.
Viet Nam, having signed 17 FTAs, requires enterprises to understand and comply with rules of origin to maximize tariff preferences. With clear and transparent origin criteria now mandatory for domestically sold products, Viet Nam's efforts to combat origin fraud protect local industries, inform consumers, and uphold fair trade practices.
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