Vietnamese consumers are besieged by counterfeit goods that are invading every area of life – from household items to electronics, clothes, and even health products – exerting a genuinely negative effect on consumers’ health and original manufacturers’ benefits. Counterfeit goods – a serious problem Over the past years, the manufacturing and sales of counterfeit goods and other forms of intellectual property infringement have been on the rise, with increasingly sophisticated methods to avoid detection by customers and authorities alike. Annually, the Vietnam Directorate of Market Surveillance inspects, handles, and prevents tens of thousands of trade fraud and origin and intellectual property violations. In the first six months of 2018, Vietnamese agencies detected, arrested, and handled 88,229 cases of violations, issuing fines of more than VND7.427 trillion ($322.9 million). This included more than 5,000 cases of counterfeit and intellectual property infringements, up 117 per cent over the same period in 2017. Although the Vietnam Directorate of Market Surveillance endeavoured to co-ordinate with local authorities as well as domestic and foreign enterprises to prevent fake goods from entering the market, but fell far short of the target, and especially the expectations of consumers and genuine manufacturers at home and abroad. Therefore, the… Read full this story
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