certificates of origin (C/O) under the Vietnam Chamber of Commerce and
Industry (VCCI) made its debut at a ceremony in Hanoi on October
14.
At the ceremony, VCCI’s Vice President Pham Gia Tuc said
that the council aims to protect Vietnamese producers and enterprises,
as many foreign organisations use fake Vietnamese C/O.
Tuc said
that to make the council more effective, besides cooperating with
domestic organisations, Vietnam needs to work closer with foreign
organisations involved in fighting trade fraud, chambers of commerce and
agencies that grant C/O.
Tran Thi Thu Huong, the council’s
president, said that the council will warn Vietnamese enterprises to
find out more about their customers’ products before signing any
contracts, as they risk facing anti-dumping taxes.
The council
will work with the Ministry of Planning and Investment to provide
consultancies to foreign enterprises before they decide to invest in the
country.
According to VCCI, the number of cases of C/O fraud has
been steadily increasing, especially products that pay anti-dumping
taxes./.
