Vietnam Pangasius Exporters Warned of Cheating from Foreign Importers
SEAFOODNEWS.COM [Viet Nam News] - January 20, 2017
The Vietnam Association of Seafood Exporters and Producers (VASEP) has warned local companies against trade fraud with an Egyptian company.
Eygpt-based Al-Reda Group for Trading and Development bought frozen pangasius worth $58,881from Vinh Hoan Company in June 2015. However, they have never paid for the purchased goods.
Vinh Hoan is one of Vietnam’s leading pangasius exporters. Their export revenue reached VND7.2 trillion last year, up 11% on year. Its net profit of the mother company was VND550 billion, an increase of 70% compared to same period last year.
However, Vinh Hoan and many other local companies are...
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