Vietnamese firms regain ownership of all 100 cashew nut containers in Italy scam
The ownership of all 100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses, according to the Vietnamese Trade Office in the European country.
Hanoi (VNA) – The ownership of all100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses,according to the Vietnamese Trade Office in the European country.
The containers, belonging to six Vietnamese exporters, were sold under contracts with a group of five importers in Italy. As the containers had been alreadydispatched, with some having reached Italian ports, the Vietnamese sellersclaimed that they had not received any payment as agreed from the buyers and hadlost track of the original documents of the consignments.
According to the office, right after scamsigns were detected, the Vietnamese firms coordinated with relevant agencies tostop the delivery of 26 containers.
Among the 74 containers already loaded on ships, 39 that were transiting in Singapore were turned backed to Vietnam. For thecontainers that were en route to Italy, the Vietnamese side asked the delivery agenciesto return the original documents to the exporters.
Meanwhile, among 35 containers whose original documents were lost, 30 have been sent back to Vietnam, or sold toother Italian buyers or exported to a third country.
For the remaining five containers stayingin Italian ports, on May 27, the Larino civil court affirmed the right of theVietnamese exporters to regain their ownership of three containers. On June 15and 16, Italian police returned the last two containers to Vietnamesebusinesses.
Vice Director of the Agency for Foreign Trade under the Ministry of Industry and Trade (MoIT) Tran Thanh Haiattributed the results to effective efforts to protect the rights ofbusinesses.
Prime Minister Pham Minh Chinh talked directly to his Italiancounterpart Mario Draghi to ask for support to settle the case, he said, addingthat Minister of Industry and Trade Nguyen Hong Dien also sent an official letter to theMinisters of Economy and Finance, and Foreign Affairs and InternationalCooperation of Italy to request their coordination.
At the same time, manyVietnamese relevant ministries, the Vietnamese Cashew Association, the VietnameseEmbassy in Italy and many other agencies joined hands in handling the case, hestressed.
Through this case, Hai advised Vietnamesefirms to draw their own lessons when exporting products to internationalmarkets./.
A new positive development has been seen in the suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy, with eight containers already re-exported to the Netherlands by March 22, according to the Vietnam Trade Office in Italy.
As of April 3, Vietnamese companies had recovered 12 out of 35 containers of cashew nuts exported to Italy whose original documents was lost, a positive progress thanks to great efforts and active support of relevant parties.
Vietnam shipped a total of 105,000 tonnes of cashew nuts abroad in Q1, earning 630 million USD, down 6.7 percent in volume and 5 percent in value compared to those in the same period of last year, according to the General Department of Vietnam Customs.
The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.
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Illustrative image (Source: VNA) 
