Progress seen in settlement of suspected cashew nut scam in Italy
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.
The working session between Vietnam's trade office in Italy and Honorary Consul in Naples city Silvio Vecchione (Source: VNA)
Rome (VNA) – Italian police have kept fourcontainers of cashew nuts delivered to this country’s Port of Genoa, a stridein the settlement of a suspected scam involving 100 cashew nut containers exportedfrom Vietnam.
Vietnam’s trade office in Italy said on March 10 this isan encouraging step that the Vietnamese companies with the product beingtransported to Italian ports can consider.
To deal with the case, a delegation from the trade office cameto Naples on March 10 to meet Vietnam’s Honorary Consul in this city SilvioVecchione and many agencies in southern Italy, including the Port of Naples,military police, tax authorities, banks, and the delivery firm DHL - the mainpoints of transit of the 36 sets of original documents that Vietnamese firmslost track of.
Signs of a scam became clearer when some banks said they hadreceived only photocopied documents or blank papers sent to the persons withoutaccounts at those banks.
Trade Counsellor in Italy Nguyen Duc Thanh saidonly 36 sets of documents are being lost, noting that among the 100 sets oforiginal documents, Vietnamese companies have retained over 50 and reclaimedmany others returned by DHL.
The most important thing is that the first four containers toarrive at the Port of Genoa have been kept by Italy’s financial police thanksto timely actions by relevant parties, he said, adding that lawyers willcontinue working with relevant agencies of Italy to return the goods toVietnam, or let the companies sell the cashew nuts to other buyers in Italy orother countries.
Authorised by Vietnam’s Trade Office, Honorary Consul SilvioVecchione filed a denunciation of the cashew nut scam to Naples police.
He recommended that when tradingwith Italian firms, Vietnamese businesses should learn information about theirpartners through the Vietnamese Embassy, the trade office, and honorary consulshere so as to maximise safety for bilateral transactions.
He also affirmed his readiness toassist Vietnamese businesses to learn about and work with Italian partners./.
The target of 3.8 billion USD in export revenue of cashew nuts for this year set by the Ministry of Agriculture and Rural Development (MARD) is quite feasible given the forecast on high demand for the product in the time to come, according to experts.
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.
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.
The working session between Vietnam's trade office in Italy and Honorary Consul in Naples city Silvio Vecchione (Source: VNA) 
