The Vietnam Chamber of Commerce and Industry (VCCI) has issued a warning of several types of Vietnamese business fraud in West African regions such as Nigeria, Cameroon, Togo, Cameroon, Ghana, Sierra Leone, Chad and Libera.
The fraudulent forms of these objects are diverse and sophisticated. Many import-export enterprises in Vietnam because they want to buy and sell cheap goods have not been alert, many cases have been “trapped” recently.
Timber businesses are most often targeted by fraudsters in West Africa
Specifically, a company in Morocco called EDEN AGRO FOOD SARL and a Moroccan bank branch. The deal of the Embassy of Vietnam in Morocco recommends that Vietnamese exporters should be careful not to deal with this company. This is a company that appears to be dishonest in the import transaction, makes many claims to the exporter and tries to evade payment responsibility under the signed contract and shows signs of colluding with the bank. branch to avoid payment obligations.
Accordingly, a Vietnamese company had a problem due to selling coconut rice to the EDEN Company. When the goods arrived at the port of Morocco, the EDEN Company refused to receive the goods. By many measures, the deal of the Vietnamese Embassy in Morocco convinced the company to take the goods and pay 50% of the money. Under the agreement between the two businesses, the remaining money is deposited at the collecting bank. However, EDEN Company continues to find ways to make it difficult and evade payment obligations, in contrast to international transaction practices. Through research, this company has repeatedly used the above tricks to export Indian businesses.
Another company is the LEADER SHIPPING MOROCCO Company, whose CEO is Hassan Ouaki. This company often contacted directly or through intermediaries to search for export enterprises in countries, including Vietnamese enterprises to offer forwarding services for goods exported to Morocco. However, when the goods arrived in Morocco, the company colluded with the importer to withdraw goods from the port without paying money to the Moroccan Bank assigned to collect the goods through the method of payment of documents. When asked, the company always gave the reason to surrender its responsibility and affirmed that it was only an intermediary, but actually handed over the original documents to the importing party for the goods.
In addition, STE TOP ARABIC SARL AU company or MACROTEX TRADING SL's name in Spain is usually contacted directly or through intermediaries to search for exporting enterprises in countries, including Vietnamese enterprises. , mainly exporting agricultural products such as canned fruits, cashews, coffee, pepper, spices … After signing the contract with the payment method of exchanging documents and the seller sent the goods as committed. , the company does not pick up goods, leave the inventory at a very high daily fee in Morocco in order to squeeze prices, cause damage and push export enterprises into a dilemma.
VCCI recommends that Vietnamese import-export enterprises should be wary when dealing with partners in West Africa, should not transfer money before for any reason.
VCCI recommends having 4 most common fraud cases. The first is a scam in importing goods from Vietnam: The fraudulent subjects announced that they had orders of high import value (from 1-2 million USD). These objects often “accept the offer price immediately, do not bid”. Then suggest Vietnamese exporters pay brokerage fees, or request Vietnamese businesses to pay the cost of procedures for obtaining import license codes, attorney fees … from 1 – 2% of the value of the shipment.
Second case, bidding fraud: The fraudsters often take the name of an organization in Africa, create a fake website, often offer a high value bidding package, needing imported goods from Vietnam and request Vietnamese enterprises to send a letter to bid. In a short time, the fraudster sent a letter notifying the Vietnamese enterprise of winning the bid and requesting Vietnamese enterprises to pay the bidding fee, from USD 1,500 – 2,500.
In the third case, frauds in the export (wood, scrap iron …): The fraudsters often offer the export price of goods (wood, scrap iron) at a price 30% lower than the market, creating an opportunity for Vietnamese import businesses to get “illusion of interest” if they import their goods. Fraudsters require Vietnamese businesses to transfer 20-30% deposit. After receiving the deposit, there will be no deliveries.
In the fourth case, many enterprises sign export contracts (timber), deliver some initial contracts on time, the following contracts do not deliver goods: These subjects usually sign 5-7 export contracts of goods. (timber) for Vietnamese businesses. Perform 1-2 contracts on time, good quality, in order to create trust for Vietnamese businesses. From the third contract, fraudsters require Vietnamese businesses to transfer a deposit of 30% -50% of the contract value, then do not deliver.
From the above cases, the Vietnam Chamber of Commerce and Industry and the Vietnam Trade Office in Nigeria, suggested that domestic enterprises do not transfer money in advance in any form when requested by the partner, such as brokerage fees. , fees for procedures for obtaining an import license code (NAFDAC), attorney fees …
News, photos: Hai Yen
Source: Newspaper News
