Made-in-China silkworms wear fake Vietnam tags for exporting to India

The post-clearance department under the General Department of Vietnam Customs has just reported the case of an enterprise in Ho Chi Minh City which stamps fake Vietnam tag on imported Chinese silkworms in order to export to India.
vietnam silk brocade exhibition underway in wipo headquarters Vietnam silk, brocade exhibition underway in WIPO headquarters
made in van phuc these vietnamese silk artisans are working against mass market consumerism Made in Van Phuc, these Vietnamese silk artisans are working against mass market consumerism
us firm considers usd50m investment in silkworm development US firm considers USD50m investment in silkworm development
2238 capture
Hand-woven Vietnamese silk is usually soft and smooth to the touch while Chinese silk is easy to crease and wrinkles. (Photo: Nhan Dan)

According to the Post-Clearance Department (General Department of Vietnam Customs), a company in Ho Chi Minh City has applied for 8 certificates of origin (C/O) to export silk to India. However, instead of using real Vietnam silk, this company imports silk products from China to Cat Lai port (HCMC).

After the goods arrived at the port, they did not take them to the company's factory outside of Ho Chi Minh City to further process but only store the goods at a warehouse located outside the port to change the goods' packaging and labels from China origins to Vietnam origins. After that, the goods are exported to India under Vietnam labels.

2412 capture
Vietnam's traditional silk are loved by Russian customers. (Photo: Nhan Dan)

VN Express stated that this behavior aims at avoiding high tax rates because when imported into India, Chinese silk tax is subject to 25% import tax, while the tax rate for Vietnamese ones is only 5%. This company was fined 60 million VND and another 550 million VND out of illegal profits.

Recently, the issue of fraud using Vietnamese origins to enjoy tariff preferences in imported countries which have signed tax agreements with Vietnam shows complicated developments. This risks making Vietnam a transshipment point for commercial fraud.

Currently, there are several common fraud conducting methods recorded, such as enterprises investing in sketchy production lines and simple assembly; enterprises not completing the investment and assembly phase of machinery but having exported products. General Department of Vietnam Customs continuously detect cases of goods imported from China but attached with "Made in Vietnam" tag, VN Express reported.

lotus silk new highly sought after in vietnam Lotus silk: new highly sought-after silk in Vietnam

Lotus is national flower of Vietnam which is also symbol of purity, commitment and optimism for the future. Lotus has been used a lot in ...

phu cuong waterfall a silk strip of central highlands Phu Cuong waterfall, a silk strip of Central Highlands

The Central Highlands is endowed with spectacular waterfalls such as Pongour, Prenn, Dambri (Lam Dong), Draynur waterfall (Dak Lak), etc especially Phu Cuong waterfall, an ...

vietnamese young beauties look more attractive with fashioned face masks Vietnamese young beauties look more attractive with fashioned face masks

In Vietnam, face mask used to be worn for dust, sunlight and polution preventation popularly. This time of Covid-19 era, a face mask becomes more ...

Valerie Mai


South Korea vs Ghana World Cup 2022: Date & Time, Preview, Team News, Prediction World

South Korea vs Ghana World Cup 2022: Date & Time, Preview, Team News, Prediction

Both South Korea and Ghana are searching for their first wins at this year’s World Cup. Ghana are facing the prospect of an early elimination from World Cup 2022 Group H when they travel to the Education City Stadium to face South Korea on Monday.
16:18 | 28/11/2022

Most read

Phiên bản di động