Vietnam has signed many
Free Trade Agreements with many countries and regions around the world, which
makes international economic exchange easier. However, the expansion of
international trade also makes many businesses at risk when they encounter
fraudulent customers in their business.
According to the
Ministry of Industry and Trade, in 2020, the Trade and Embassy of Vietnam in
the a number of countries continuously received invitations to sell, buy goods
and sign commercial transaction contracts which have signs of fraud and scams.
Despite many warnings
and notices, but due to subjective psychology, high profits, limited foreign
trade operations, lack of understanding of customers, difficulties due to
epidemics, many businesses cannot directly meeting, checking goods,… using
online transactions, which causes businesses to take advantage of fraudulent
acts.
Some ways of commercial
fraud activities such as: Unpaid delivery; Forging documents even bank papers
to get goods; Set the person to get export documents; Using hackers to
infiltrate the email addresses of two parties that are having transactions,
track the progress of the negotiation, when the buyer prepares to transfer
money to buy goods, hack the mailbox (or create an email account with the exact
same address as the seller’s email) to send fraudulent account information.
After the buyer transfers money to the fraudulent account, they will
immediately withdraw the money and disappear; Using advantage of carelessness
and unprofessionalism of domestic enterprises such as not asking a reputable
inspection organization to check the goods before delivery, not verifying
information about partner enterprises… to transfer goods with no value, not in
accordance with the contract, or to notify the damaged or poor quality goods to
pressure the price, deduct the debt or claim compensation …
Some signs of
identifying fraudulent businesses which one should pay attention are: the price
negotiation, the contract takes place easily, quickly, less bargaining,
accepting high prices; Deposit to receive investment money; Do not provide or
provide documents of many different legal entities; Opening L/C at a
non-reputable bank in a third country; Business license is about to expire …
In order to avoid
working with fraudulent partners, businesses need to improve their professional
expertise, legal knowledge, and thoroughly understand their partners before
making transactions, especially the new partner is dealing for the first time.
The current commodity
prices could be updated through market information or on international
commodity websites. Therefore, when there is a request for goods to be paid too
high, or too low compared to the prices in the market, the enterprises need to
pay close attention and carefully check their reliability.
It is also possible to
reduce the risks through the professional service of local risks management in
Vietnam for conducting of business due diligence, business license record
checking, site visit survey, shareholders or directorship checking, criminal
record certificate checking, business reputation verification, public
reputation search, research for records of enterprises, research for the
reputation of the company, …
ANT Lawyers - a Law firm in Vietnam with international standard, local expertise and strong
international network. We focus on customers’ needs and provide clients with a
high quality legal advice and services. For advice or service request, please
contact us via email ant@antlawyers.vn, or call us +84 24 730 86 529.
0 nhận xét:
Đăng nhận xét