HÀ NỘI — The Vietnam Trade Office in Spain has issued a warning to domestic businesses to be careful when signing contracts with Spanish businesses to avoid risks. Previously, the Vietnam Trade Office in Spain received feedback from several domestic cashew and pepper export businesses about delays in payment of goods from ISASA Export Company in Malaga, Spain. Specifically, the company was late in paying for the goods, causing difficulties, time loss, and storage costs for domestic businesses, and many businesses even had to take back the goods. To avoid risks in exporting, the Vietnam Trade Office in Spain warned domestic businesses to be careful when signing sales contracts with ISASA Export Company. At the same time, it suggested domestic businesses increase coordination with the Trade Office in Spain in verifying local businesses before actually signing sales contracts.

Source: Viet Nam News January 18, 2024 09:07 UTC