Danang Luxury Goods Co., Ltd., headquartered on Pham Van Dong Street (Son Tra District, Da Nang), was fined VND 100 million and forced to destroy counterfeit goods.
Earlier, on May 19, the functional forces inspected the business activities of Danang Luxury Goods Company. At that time, the facility was displaying and selling 70 types of handbags bearing the Chanel brand and 10 types of handbags bearing the Hermès brand, with signs of counterfeiting the Chanel, Hermès, and Rolex brands, which are protected in Vietnam. The total value of the goods determined at the time of inspection was VND 41.5 million.
Da Nang Market Management Force inspecting counterfeit goods
In addition, the People’s Committee of Da Nang City has decided to administratively fine the business household 99% Da Nang, located on Tran Phu Street (Hai Chau District, Da Nang City), VND 45 million and force the destruction of counterfeit goods.
Previously, the functional forces inspected the business activities of 99% Da Nang and discovered 9 Rolex-branded watches, 15 Chanel-branded bags, and 9 pairs of Hermès-branded sandals, which are counterfeit goods of the above-mentioned brands that are protected in Vietnam. The total value of the goods determined at the time of inspection was over VND 46.4 million.
As a result of verification and working with the market management force, it was concluded that 99% of Da Nang business households have committed administrative violations by displaying and selling counterfeit goods with the quantity and total value mentioned above.
The Executive’s Explanation: Why Thousands of Dietary Supplements Were Discarded in Ho Chi Minh City
On June 10th, the Economic Police Department of Ho Chi Minh City is investigating and questioning multiple individuals regarding the illegal dumping of a large quantity of medicines and health supplements on a vacant lot situated along Nguyen Van Linh Street, Phong Phu Commune, Binh Chanh District.
An Unprecedented Scene at Ho Chi Minh City’s Shopping ‘Mecca’
The bustling shopping districts and malls of Ho Chi Minh City, once hailed as a shopper’s paradise, are now witnessing a stark contrast. An array of kiosks and shops lie dormant, their gates locked and shutters tightly drawn, creating an eerie silence in what was once a vibrant hub of commercial activity.
A Sea of Shuttered Stalls: The Anxiety that Engulfs Ho Chi Minh City’s Iconic Markets
The issue of traders shutting down their stalls to avoid inspections is not new, but its frequency is increasing.
Clearing the Market of Drugs and Supplements: A Wave of Voluntary Recalls
In recent weeks, dozens of businesses have voluntarily recalled their medicines, health supplements, and cosmetics. This could be a demonstration of their social responsibility and ethical business practices. However, amidst the ongoing crackdown on counterfeit and substandard goods, it also raises questions about whether some companies are simply attempting to avoid regulatory scrutiny or potential penalties for non-compliance.
The City of Ho Chi Minh Scrambles to Compile a ‘Hotspot’ List of Counterfeit and Smuggling Trade for Swift Inspection and Action
The Chairman of the Ho Chi Minh City People’s Committee has directed the Department of Industry and Trade to urgently inspect and compile a list of hotspots requiring heightened attention in the fight against smuggling, commercial fraud, and counterfeit goods. The aim is to enforce regulations and stamp out these illicit activities.
