![](https://www.ficcicascade.in/wp-content/uploads/2018/08/tr2.jpg)
Smuggling fines boost State budget
As many as 11,500 cases of smuggling and trade fraud have been uncovered in the first seven months of this year alone, the General Department of Vietnam Customs reported yesterday.
The smuggled goods were estimated to be worth nearly VND119 billion (US$ 5.3 million).
According to the committee, more than VND90.5 billion ($4.2 million) was contributed to the State budget during this period of time through seizure of smuggled goods.
“Authorities nation-wide have conducted spot checks and imposed fines on over 130,000 violations since the committee’s establishment in 2014, which helped contribute around VND4 trillion ($178 million) to the State budget,” said deputy head of the General Department of Vietnam Customs, Nguyen Van Can.
http://vietnamnews.vn/society/275145/smuggling-fines-boost-state-budget.html
Related Posts
The ‘fake’ issue needs to be taken seriously
E-commerce players are witnessing unbelievable growth globally. Competition is...
New US anti-counterfeit legislation to kill fake trade across the ASEAN region.
Counterfeit product sales are at an epidemic level and it seems unstoppable. The...
Fake oil: Indian national gets suspended sentence, fined for dealing in counterfeit oil in Mpumalanga
The 46-year-old woman was on trial after she was found with drums of fake oil...
Counterfeiting: bad medicine – International Report
Two different news reports recently presented two very different sides of the...