The total estimated value of confiscated goods exceeded VNĐ31.35 trillion (US$1.23 billion), marking a 12.5 per cent increase in cases and a 151.3 per cent surge in the value compared to the previous year.
In the raid last week, market surveillance forces discovered a lot of goods with unknown origins such as shoes, clothes, backpacks, handbags, wallets, belts, and many counterfeit LV, Chanel, Adidas and Gucci items.
The General Department of Market Surveillance has requested to its branches in some southern provinces strengthen inspection and control over the trading and transport of smuggled pigs.
E-commerce is a potential goldmine for businesses over the next two years with a potential reach of US$10 billion. But it also offers opportunities for counterfeit and smuggled goods, a conference in Quang Ninh was warned.
Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Viet Nam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
HCM City authorities are seeking more effective measures in the fight against counterfeit products, smuggled goods and trade fraud as e-commerce grows at a fast pace, an official has said.
Nearly 15,200 cases of smuggling and trade fraud have been uncovered in 2017, a decrease of 1.97 per cent from 2016, the General Department of Viet Nam Customs (GDC) reported Thursday at a press conference held in Ha Noi.
Controlling the trading and transportation of smuggled tobacco products
in the local tobacco market has to be given top priority, according to
the Ministry of Industry and Trade (MOIT).
Several sugar companies are saddled with increasing inventory because of
imported and smuggled sugar, according to figures from the Ministry of
Agriculture and Rural Development.
Domestic producers should improve the quality of products and design at
reasonable prices to meet customers'' demands because this is considered
to be one solution to preventing smuggled.
The Viet Nam Sugar and Sugarcane Association has asked the Government to
strengthen measures to prevent sugar smuggling and allow the export of
locally produced product.
The Government should develop policies to protect
made-in-Viet Nam products from the threat of smuggled and low-quality
goods in the domestic market, while enhancing trade promotion for them,
experts said at a conference yesterday.