Afghanistan seeks stronger trade ties and export growth during Uzbekistan visit
Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, used a visit to Uzbekistan to press for easier trade and transit, focusing ...
Vietnamese authorities have confiscated thousands of counterfeit luxury products, including fake Rolex watches and Prada handbags, during a raid at Saigon Square Shopping Mall in Ho Chi Minh City, state media reported Friday.
The operation marks a high-profile step in Vietnam’s intensifying crackdown on counterfeit goods and digital piracy, a campaign spurred by mounting pressure from the United States, which has threatened punitive tariffs and labeled Vietnam a major hub for counterfeit trade.
According to state radio broadcaster VOV, the seizure also included alleged fake products mimicking several other luxury brands, such as Gucci, Louis Vuitton, Dior, Hermès, and Longines.
“All of these products show signs of counterfeiting genuine goods, seriously affecting the interests of consumers as well as the reputation of protected brands in Vietnam,” the country’s market surveillance department under the Ministry of Industry and Trade said in a statement.
High-Profile Target
Saigon Square, a prominent shopping venue popular with tourists and locals, had already been identified in January by the U.S. Trade Representative (USTR) as one of the world’s "notorious markets for counterfeiting". Earlier this month, Reuters reported that fake luxury goods were openly displayed at the mall.
An employee at the mall, speaking anonymously, confirmed the raid to Reuters, but distanced management from the vendors' activities.
“We lease the space to the sellers and are not aware of the origins and authenticity of the products they sell,” the employee said.
International Pressure and Trade Risks
The seizure underscores Vietnam’s response to growing international scrutiny. Washington has previously warned that Vietnam’s failure to curb counterfeit trade and digital piracy could trigger trade penalties, including tariffs on key exports.
With Vietnam playing an increasingly vital role in global supply chains, particularly in electronics, textiles, and consumer goods, compliance with intellectual property protections is becoming a strategic trade issue for Hanoi.
Further inspections and enforcement actions are expected as authorities signal a broader effort to clean up the country’s image and improve compliance with international trade norms.
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
A gunman who killed seven people in a mass shooting in Kyiv on Saturday (18 April) had quarrelled with his neighbour before he opened fire on passersby, public broadcaster Suspilne cited Interior Minister Ihor Klymenko as saying on Tuesday.
Australia’s eSafety regulator has asked gaming companies, including Microsoft and Roblox, to explain how they are protecting children from sexual exploitation and radicalisation.
Lebanon’s Prime Minister Nawaf Salam said on Tuesday his government is not seeking a violent confrontation with the Iran-backed Hezbollah group.
Florida’s Attorney General has launched a criminal probe into ChatGPT and its parent company OpenAI to investigate information the generative AI tool allegedly provided to a gunman who killed two people at Florida State University last year.
MMilitary planners from more than 30 countries are holding two-day talks in London from Wednesday to advance plans to reopen the Strait of Hormuz.
Ukraine is set to resume oil transit via the Druzhba pipeline on Wednesday, in a move Kyiv hopes will unlock a frozen €90 billion European Union aid package and ease tensions with key European partners.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment