No grounds to conclude Asanzo cheated customers: MPS investigators

Aug 29th at 20:44
29-08-2020 20:44:09+07:00

No grounds to conclude Asanzo cheated customers: MPS investigators

The Investigation Agency of the Ministry of Public Security (MPS) has concluded its probe into the Asanzo case, stating that there are no sufficient grounds to conclude that the company, which sold Asanzo-branded products in the Vietnamese market, cheated customers.

Workers at work at an Asanzo factory at Vinh Loc A Industrial Park in HCMC. There is no evidence proving that the electronics producer Asanzo benefited from selling the Chinese products bearing Made-in-Vietnam labels - PHOTO: TNO

The investigators also said that there was no evidence proving that the electronics producer benefited from selling the Chinese products bearing Made-in-Vietnam labels, Thanh Nien Online reported.

There are no laws on the origin of assembled products or the identification of Made-in-Vietnam goods in Vietnam, according to the Investigation Agency.

As such, Asanzo's act of assembling electronic products in Vietnam from accessories bought at home or abroad and using Made-in-Vietnam or Produced-in-Vietnam labels was not in breach of Vietnam’s prevailing regulations.

Even though Asanzo attached some products with Made-in-Vietnam labels and the slogan “Asanzo-the Advanced Japanese Technology” and “High-quality Vietnamese products” and Japan-based Sharp Corporation accused the local electronics company of using fake documents to prove its business cooperation with a Sharp subsidiary, MPS has yet to receive any letter of denunciation proving that Asanzo cheated its customers.

Apart from this, its outlets, dealerships and distributors said they patronized Asanzo products due to their quality and affordable prices rather than their label, according to the results of the investigation.

The Investigation Agency also proposed that the General Department of Vietnam Customs continue its post-customs clearance checks on Asanzo and other relevant companies. If signs of smuggling or dodging taxes are detected, Asanzo-related documents and papers must be transferred to the HCMC investigative police agency.

Earlier, following the prime minister’s directive, the MPS investigators had begun an investigation into Asanzo, whose chairman is Pham Van Tam, as the firm was suspected to be producing and trading fake products and cheating customers. Asanzo was discovered to be selling Chinese products bearing Made-in-Vietnam labels in June 2019.

The Saigon Times



NEWS SAME CATEGORY

Viet Nam’s construction market forecast to lure more foreign investors

More foreign participation is forecast in Viet Nam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to...

VN’s agro-forestry-fishery earns US$6.2 billion trade surplus

Viet Nam ran a surplus of US$6.2 billion in agro-forestry-fishery trade in January-August, 4.9 per cent higher than the same period last year, the latest updates of...

US makes strong inroads into Vietnam power sector: Fitch Solutions

There are also strong involvement of Japanese, Korean and Thai companies, which have all expressed interest to develop the LNG power industry in Vietnam.

Garment and footwear await EU orders with bated breath

Vietnam’s textile, leather, and footwear industries are optimistically looking to profit from the newly effective trade deal between the European Union and Vietnam...

Volume of goods through seaports increases

 Statistics from the Viet Nam Maritime Administration showed that despite being affected by the COVID-19 pandemic, the total output of goods through Vietnamese...

PetroVietnam and Honda missing from list of prestigious exporters for 2019

PetroVietnam and Honda were not mentioned in the list of prestigious exporters for 2019 published by the Ministry of Industry and Trade (MoIT).

EU roundtable to offer insights into the EVFTA’s benefits

With recent new improvements in COVID-19 vaccine research and production, Vietnam and the European Union are preparing to gain future benefits from both investment...

Sharpened appeal to lure German interest

Vietnam is becoming a prospective manufacturing hub for German investors to capitalise on the new orientations of the EU-Vietnam Free Trade Agreement.

Quality improvement to help fruit exporters take on rivals

With the historic EU-Vietnam Free Trade Agreement now in effect, the doors are open for Vietnamese farmers to push fruit exports to the EU. However, the strong...

VN firms urged to embrace digital transformation to boost exports

Vietnamese firms regardless of their scale need to get up to speed on digital transformation to enable them to further penetrate global markets, a webinar heard on...


MOST READ


Back To Top