Alleged scam of export to UAE: Payment for 4 out of 5 containers recovered
Regarding the alleged export scam involving five containers of farm produce, including black pepper, cashew nuts, cinnamon and star anise to the United Arab Emirates (UAE), the Vietnam Pepper Association (VPA) announced on October 13 that payment for four containers has been retrieved and the remaining work is underway.
HCM City (VNA)𒈔 - Regarding the allegedexport scam involving five containers of farm produce, including black pepper,cashew nuts, cinnamon and star anise to the UnitedArab Emirates (UAE), the Vietnam Pepper Association (VPA)announced on October 13 that payment for four containers has been retrieved andthe remaining work is underway.
On July 15, after receiving reports fromseveral firms that they suspected they had fallen victim to an export scaminvolving five containers destined for the UAE, the VPA, in collaboration with theVietnam Cashew Association (VCA) and various enterprises, banks, fast deliveryand shipping companies, compiled information and reported the incident to Governmentagencies, ministries, and departments, the Vietnamese Embassy and Trade Officein the UAE, the UAE Embassy in Hanoi, and press agencies.
From October 10-12, Ajman Bank in the UAE refunded over 354,900 USD for the four containers. As for the container of star anise, which hasbeen stored at Jebel Ali Port in Dubai since July 26, the businesses arestill working with the Ajman Bank to request payment for all incurred expenses,including warehouse and legal fees, and the cost of returning the goods to HaiPhong port. The estimated expense related to this shipment as of October 11 amountedto nearly 70,000 USD, and the total value of the shipment is 114,639 USD.
ಞ Through this incident, the VCA urged firms to exercise even greatercaution in negotiations, partner verification, payment terms and contracts toprevent the recurrence of similar cases in the future./.
Economic cooperation has always been a crucial pillar and bright spot in the bilateral relationship between Vietnam and the United Arab Emirates (UAE), Vietnamese Ambassador to the UAE Nguyen Manh Tuan told the Vietnam News Agency.
An agriculture business association between Vietnam and the United Arab Emirates (UAE) needs to be established to facilitate bilateral cooperation in this field, Deputy Minister of Agriculture and Rural Development Phung Duc Tien told at a regular press conference held by the ministry on August 1.
Effective logistics cooperation with the UAE will play a significant role in promoting Vietnam's trade exchange with the Middle East and other regions around the world, Director of the Ministry of Industry and Trade’s Asian-African Market Department Tran Quang Huy said at a workshop in Hanoi on August 14.
Minister of Industry and Trade Nguyen Hong Dien and the United Arab Emirates (UAE)’s Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi co-chaired the fifth meeting of the Vietnam-UAE Inter-Governmental Committee in Hanoi on October 8.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At Hai Phong port (Photo: VNA) 
