HÀ NỘI - The Việt Nam Embassy's Commercial Services in the Netherlands has issued a warning regarding a surge in online fraudulent activities against Vietnamese exporters as global demand for petroleum products increases. According to the Vietnamese trade authorities, fraudulent activities were not confined to the Netherlands alone. As Vietnamese businesses seize opportunities in the expanding global market, the complexities and sophistication of trade disputes and fraud have increased. This could and had resulted in sizable losses for Vietnamese exporters. It highlighted the importance of a two-way identification method to help Vietnamese exporters verify and screen their foreign partners, mitigating fraud risks.

Source: Viet Nam News January 29, 2024 03:45 UTC