Counterfeit goods seized by authorities
According to the Domestic Market Management and Development Department, during a recent patrol inspection, the Traffic Police Force No. 9 intercepted a suspicious ISUZU truck with the license plate 30M-221.81. The vehicle was then handed over to the market management authorities for further investigation.
Upon receiving the information, Team 18 of the Market Management Force promptly conducted an examination and issued a decision to inspect the vehicle and its contents. The owner of the vehicle and the goods, Mr. Phung Quang Chien, resides in Tri Lai village, Vat Lai commune, Hanoi.
The inspection revealed that the vehicle was transporting 1,832 products manufactured in a foreign country (China), none of which had invoices or documents proving their legal origin.
The items included: 1,000 DIGITAL handheld rechargeable fans, 600 21V chargers, 72 LITHIUM rechargeable fans, and 160 LI-ION chargers. The total value of the seized goods was estimated at VND 52.56 million. The entire batch of goods has been sealed and confiscated by the authorities for further handling in accordance with regulations.
Based on legal provisions, Team 18 of the Market Management Force intends to impose an administrative fine of VND 25 million on Mr. Phung Quang Chien for trading in smuggled goods. Additionally, they will enforce a remedial measure, requiring the destruction of all confiscated goods due to safety concerns.
The authorities emphasized that this case highlights the ongoing complexity of smuggled goods transportation and trade, which poses risks to consumers’ rights and safety. The Hanoi functional forces reaffirmed their commitment to intensifying inspections and strictly handling violations to restore order and discipline in commercial activities.
Brand Infringement in Business: A Critical Analysis and Policy Recommendations
In today’s rapidly globalizing world, where creative economies thrive, brands have become invaluable assets for businesses. The infringement of this asset results in financial losses, threatens public health, and erodes consumer trust.
The Quest for Protection: A Wake-Up Call for Binh Minh Plastic After Nearly 50 Years
On August 26th, the Forum on “Refining Intellectual Property Policies – A Driving Force for Innovative Enterprises” witnessed an impressive speech by a representative of Binh Minh Plastic Joint Stock Company (HoSE: BMP).
The Textile and Footwear Industry: Fortifying the Domestic Market to Elevate Global Competitiveness
By tapping into the domestic market, businesses can reduce their reliance on exports and provide consumers with access to internationally-compliant products, manufactured by reputable companies.
“Steelmaker Nam Kim Fined Over VND 682 Million for Tax Evasion”
The Nam Kim Steel Corporation has been found guilty of tax evasion and is facing financial penalties. The consequences of their actions include a hefty fine of up to VND 682.6 million, showcasing the severe repercussions that await those who attempt to deceive the system.
The City of Lights Shines a Spotlight on Mooncake Discipline.
Mooncakes are a traditional delicacy, especially popular during mid-autumn festivals in Vietnam. With the festival approaching, Ho Chi Minh City authorities are taking proactive measures to ensure the quality and authenticity of mooncakes flooding the market. This September, intensified inspections will be carried out to safeguard consumers and uphold the integrity of this beloved seasonal treat.
