HÀ NỘI Businesses need to be cautious with new information and contact import-export management information focal points to avoid international trade fraud. However, instances of commercial fraud taking advantage of import-export information with very sophisticated procedures have appeared. This incident shows signs of fraud targeting small and medium-sized businesses that do not clearly understand import and export paperwork regulations and lack experience in preventing and dealing with international trade scams. According to a survey by PwC Việt Nam up to 52 per cent of Vietnamese businesses said they had been scammed when participating in international trade in 2022. Therefore, businesses need to be cautious about new information and contact import-export management authorities to avoid international trade fraud.

Source: Viet Nam News January 09, 2024 01:13 UTC