
Counterfeit goods undermine Vietnam’s economic prosperity
The proliferation of counterfeit products in Vietnam – from consumer electronics to pharmaceuticals and fertilisers – is slowing the nation’s economic growth and even putting people’s lives at risk. The shift of much of the world’s manufacturing to countries with poor protection of intellectual property has been a significant factor contributing to the growth of counterfeiting in recent years. It has made the technology and the opportunity to make knock-offs more readily available to the criminal elements of the world. Internet in general and e-commerce sites like eBay in particular, have also made it easier to distribute counterfeit goods.
Related Posts
Kerala gold smuggling: DRI nabs four at airport
KOCHI: The Directorate of Revenue Intelligence (DRI) intercepted four passengers...
CTF raids two shops, seize 734 banned e-cigarettes
Visakhapatnam city police on Sunday arrested two persons who were selling...
Smuggled cigarettes causing Rs24b loss
Pakistan is losing billions of rupees in annual excise revenue due to large scale...
Abu Dhabi: Abu Dhabi’s Department of Economic Development (ADDED) seized 227,617 counterfeit products in Abu Dhabi
department conducted 494 inspections and seized counterfeit products that...