Firms urged to act more quickly in face of suspected cashew nut scam in Italy
An Italian lawyer has recommended Vietnamese exporters who lost track of 36 sets of original documents in a suspected scam involving 100 cashew nut containers from Vietnam team up with one another and take swift actions to prevent losses.
Representatives of Vietnam's Trade Office in Italy have a working session on the suspected scam with the Banca di Credito Popolare bank in Naples city. (Photo: VNA)
Rome (VNA) – An Italian lawyer has recommended Vietnamese exporters who lost track of 36 sets of original documents in asuspected scam involving 100 cashew nut containers from Vietnam team upwith one another and take swift actions to prevent losses.
Lawyer Davide Galllasso, who is coordinatingwith Vietnam’s Trade Office in Italy to deal with this case, told the VietnamNews Agency on March 11 that initial progress has been seen, with the firstfive containers to arrive at the Port of Genoa kept by Italy’s financial police,which was thanks to timely information from the involved businesses, moves bylawyers, and support from the Vietnamese Embassy and Trade Office.
However, that doesn’t mean the Vietnamese companies havegot rid of danger as some people proclaiming themselves the buyer have hired lawyersand liaised with an Italian court to reclaim the goods since they have originaldocuments.
Italian authorities will issue rulings on who is the realowner of the goods and return it to the owner, he said, noting that it is noteasy for Vietnamese firms to prove themselves the real owner when they lost theoriginal documents.
The best solution now is that the Vietnamese companies concernedteam up with one another and take swift actions so that the Italian court viewsthis as a case of dangerous crime and open a trial soon, keeping the goods awayfrom irrelevant parties’ attention and preventing financial losses like storagecosts and spoiled goods, according to Galllasso.
He recommended all the victims gather and immediately sendrelated information such as contracts and delivery codes of the remainingbatches to the Vietnam Trade Office and the lawyer, authorise the lawyer torepresent them to work with Italian authorities, stay updated with thesituation, and follow instructions given by the Trade Office and the lawyer.
The firms whose containers have yet to arrive at Italianports need to take actions more quickly so as to keep their goods safe at theports, he went on, adding that making right and timely decisions will benefitthe businesses involved in this suspected scam./.
Vietnamese exporters are at risk of losing hundreds of millions of USD in a suspected scam in which they have not received any payment as agreed for 100 containers of cashew nuts already dispatched to a buyer in Italy.
The Vietnamese Embassy in Italy is actively seeking ways to support the settlement of a suspected scam related to 100 containers of cashew nuts exported the European country.
Italian police have kept four containers of cashew nuts delivered to this country’s Port of Genoa, a stride in the settlement of a suspected scam involving 100 cashew nut containers exported from Vietnam.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Representatives of Vietnam's Trade Office in Italy have a working session on the suspected scam with the Banca di Credito Popolare bank in Naples city. (Photo: VNA) 
