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smuggling
News updates related to smuggling.
With sugar prices falling by 3,000 VND/kg, the sugar industry faces the risk of supply chain disruption.
The Vietnamese sugar cane supply chain is under significant pressure as sugar prices have fallen 16% year-on-year, businesses are burdened with financial debt, and sugar smuggling is becoming increasingly complex.
Market
Domestic sugar prices hit a three-year low, despite global prices reaching a five-month high.
The divergence between domestic and international sugar markets is putting Vietnam's sugar industry under significant pressure from abundant supply, smuggled sugar, and the rise of HFCS (high-fructose corn syrup).
Police chase down a truck carrying smuggled cigarettes worth over 6 billion VND.
The Economic Police Department of Quang Tri Provincial Police has just uncovered a large-scale smuggling operation involving imported cigarettes, estimated to be worth over 6 billion VND.
Authorities seized over 5,000 bottles of counterfeit Korean cosmetics worth more than 2 billion VND.
Authorities have just discovered and seized 5,400 South Korean cosmetic products of unknown origin, lacking valid invoices and documentation, with an estimated value of over 2.1 billion VND.
Nghe An province destroys over 29,000 smuggled and illegally sourced goods.
On the morning of September 27th, in the presence of relevant departments and agencies, the Nghe An Market Management Department destroyed over 29,000 smuggled goods, goods of unknown origin, and other goods.
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