Khai Duc Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading. This was announced by Deputy Prime Minister Truong Hoa Binh, head of the National Steering Board against Smuggling, Trade Frauds and Counterfeits. Binh has assigned the ministries of Public Security, Industry and Trade, Finance and relevant agencies to look into the violations. Earlier, the Ministry of Industry and Trade had announced a series of violations by Khai Duc Company and had transferred documents of the Khaisilk scandal to the police for investigation.Statistics from the General Department of Customs showed that between 2006 and 2009, Khai Duc Company Limited imported fashion products from China and Thailand. However, it stopped importing since 2009. The company had not produced or outsourced fashion products at its production units in Viet Nam. Instead, it bought them from shops, household businesses and other firms in the market, labelling its brand “Khaisilk®”, “stylised Khaisilk” and “Khaisilk Made in Viet Nam”, which the company has been selling in stores nationwide since 2012. The scandal broke when a business firm in Ha Noi posted on Facebook in November last year complaining about products it had bought from the brand, which claimed they were actually made in China. According to the post, the company bought 60 Khaisilk-branded scarves at the Hang Gai shop in Ha Noi for VND644,000 (US$28) each. However, one scarf had two tags — one saying “Khaisilk Made in Viet Nam” and the other saying “Made in China.”… [Read full story]
Vietnamese exporters have been taking hectic preparations to get adapted to the US new law on food safety, showing their determination to boost exports to the market. Gearing up in preparations Under the FDA Food Safety Modernization Act (FSMA), domestic and foreign production units that make, process, pack or store food for humans and animals must make re-registrations with the US FDA (Food and Drug Administration). The new regulation would take effect from January 1, 2013. Huynh Duc Trung, Director of Nhat Duc Company Ltd in Ca Mau province, said his company has followed the procedures for the re-registration through…... [read more]
The Ambassador told the Company Chairman and General Director, Nguyen Van Bay, at a meeting in Hanoi on March 24 that the vehicle will be used to deal with problems at the nuclear power plants affected by the recent earthquake and tsunami, to minimise any possible disaster. The Song Da-Viet Duc company was reported to have ordered two 58-60 m tall concrete pumping vehicles made in Germany, each worth over VND30 billion (US$1.63 million), one year ago. When the devastating twin disaster rocked the northeastern region of Japan, the two vehicles were in transit in the country. Having received a…... [read more]
The Drug Administration of Vietnam under the Ministry of Health announced the list of 32 pharmaceutical companies receiving administrative fines for their violations.From the beginning of the year to May 31, 2016, health inspectors detected 32 companies to breach the law. Eight companies were fiend for it produced low-quality drugs. They are Minh Dan Pharmaceutical Company; United International Pharma Company; Sao Kim Company; Young – il Pharm Company; Medico Remedies Pharma Company; Usarichpharm plant; Precise Chemipharma Private Limited Company and Aceeess Healthcare.Ten companies violating brand name include PT Dexa Medica, Kyongbo Phamaceutical, Khandelwal Laboratorie, Marksans Pharma Ltd-India, Gufic Biosciences Limited,…... [read more]
A private company in HCM City is planning to invest some VND1.5 trillion (USD71.4 million) into buy 95 fishing ships with equipment to be used on the East Sea. The Duc Khai Company also plans to buy rescue ships and two helicopters for emergency cases. Their representatives will fly to South Korea this week to negotiate and make the purchases of the first 12 fishing ships. Pham Ngoc Lam, chairman of Duc Khai Company said this is purely an investment, it is not a PR tactic nor has it political purposes, as some rumours have said. According to Lam, he…... [read more]
NDO/VNA - The Ministry of Industry and Trade (MOIT) has transferred documents relating to the Khaisilk scandal to the police for investigation after it discovered signs of criminal violations.On December 12 the MOIT announced that it had completed product quality check-ups and inspections of some silk products from Khai Duc Company Limited – the owner of the Khaisilk brand.The results of the inspection showed that there was no silk ingredients in some products, despite the label stating that the product was 100% silk.“The company violated rules relating to fake and poor quality products,” the ministry said.The MOIT said some products…... [read more]
