Trade Counselor of the VietNam Embassy to the United Arab Emirates (UAE) has warned Vietnamese fruit export firms not to have transactions with 13 import companies in the UAE.
These import companies have been reported for swindling, several of which were sued in court for not paying money to exporters, according to the trade counselor in a notice published on the website of the Ministry of Industry and Trade on Thursday.
In July 2016, the trade counselor warned about several ways of swindling and trade frauds by the UAE fruit import companies.
The lack of understanding about the UAE market, culture, trading modes and consumer habit caused a lot of difficulties and implied significant risks for Vietnamese firms when exporting to Dubai.
Viet Nam’s fruit and vegetable exports to the UAE grew from US$14.2 million in 2014 to $16.2 million in 2015 and $22.8 million in 2016. – VNS
The list of import firms that Vietnamese firms were advised not to have transactions:
1. Green Belt Food Stuff
2. Diamond Empire General Trading
3. Vintage International F.Z.C.
4. Mohammad Mehdi General Trading
5. Onion Food Stuff Trading
6. Khushi Trading
7. Olwen International FZC
8. Red Fort Trading
9. Season Food Stuff Trading
10. Lassani Food Stuff Trading
11. Mahak Gulf Trading
12. Takbeer Trading
13. Floral Fruit
Source: http://english.vietnamnet.vn/fms/business/178713/vietnamese-fruit-exporters-warned-about-13-uae-companies.html
These import companies have been reported for swindling, several of which were sued in court for not paying money to exporters, according to the trade counselor in a notice published on the website of the Ministry of Industry and Trade on Thursday.
In July 2016, the trade counselor warned about several ways of swindling and trade frauds by the UAE fruit import companies.
The lack of understanding about the UAE market, culture, trading modes and consumer habit caused a lot of difficulties and implied significant risks for Vietnamese firms when exporting to Dubai.
Viet Nam’s fruit and vegetable exports to the UAE grew from US$14.2 million in 2014 to $16.2 million in 2015 and $22.8 million in 2016. – VNS
The list of import firms that Vietnamese firms were advised not to have transactions:
1. Green Belt Food Stuff
2. Diamond Empire General Trading
3. Vintage International F.Z.C.
4. Mohammad Mehdi General Trading
5. Onion Food Stuff Trading
6. Khushi Trading
7. Olwen International FZC
8. Red Fort Trading
9. Season Food Stuff Trading
10. Lassani Food Stuff Trading
11. Mahak Gulf Trading
12. Takbeer Trading
13. Floral Fruit
Source: http://english.vietnamnet.vn/fms/business/178713/vietnamese-fruit-exporters-warned-about-13-uae-companies.html