Vietnam Trade Office in Italy: Vietnamese businesses need to be careful when exporting to Italy

DNHN - The Vietnam Trade Office in Italy has just issued a warning that businesses should be wary of scams, which tend to increase in recent times and are having to deal with many fraud cases of Italian enterprises with Vietnamese enterprises.

According to the Vietnam Trade Office in Italy, Vietnamese businesses must pay attention when signing contracts and choosing a safe payment method because in fact many Italian partners do not pay for the remaining goods or do not deliver or use the goods. Therefore, businesses need to regularly contact the Vietnam Trade Office in the host country to coordinate in verifying the accuracy of partner information to avoid fraud.

In addition, when cooperating with Vietnamese enterprises, Vietnamese enterprises also face a complicated legal environment, sometimes lacking transparency, clarity and efficiency. Not only that, products related to health, safety or the environment are subject to high technical regulations and standards, sometimes even higher than the basic requirements of the EU.

In addition, the Vietnam Trade Office in Italy also noted that the trading tradition of indigenous people here is familiar with partners in Europe, South America and Africa, where many Europeans and Italians conduct business, making it difficult to accept new partners.

In order for Vietnamese businesses to penetrate deeper, the Vietnam Trade Office in Italy said that Italian is the official language and is used in all regions, so the exchange of letters with companies, especially the times of contact, is very important. The original system should be given preference in Italian.

On the other hand, businesses should preview the holidays to proactively arrange a suitable time before each business visit because each locality will have holy holidays depending on the traditions of each region.

Notably, the official currency of this country is the euro and the USD is not widely accepted. Therefore, although the bank allows opening an account in USD, it must be converted to euros when used. All commercial banks are allowed to conduct foreign exchange transactions.

Therefore, the Vietnam Trade Office in Italy can provide and support Vietnamese businesses in terms of payment methods used, contract terms and commercial information sharing when negotiating and how to do it. effective risk avoidance.

TH