Viet firms advised to guard against international trade fraud

Market management officers inspect goods at a supermarket in Tuyen Quang province in Vietnam. — VNA/VNS

HANOI: Vietnamese firms have been advised to guard against increasingly sophisticated scams in international trade, Vietnam News Agency reported Wednesday (Dec 6), citing an official of the Ministry of Industry and Trade.

As most of Vietnamese enterprises are small or medium-sized, they face a high risk of scams and disputes, while their experiences in avoiding and dealing with such cases are limited, Hoang Minh Chien, deputy director of the Vietnam Trade Promotion Agency under the ministry, was quoted as saying.