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32 TRADE - MARKET
EFFORTS AT STOPPING

FAKE AND IMITATION GOODS
FALLING SHORT

Despite the aggressive intervention of functional
forces, the appearance of fake and poor-quality
goods is still rising as more sophisticated tricks
are being deployed. Analysts said that, at present,
fake, imitation, and poor-quality goods are found
10 ECONOMY & POLICY in all market segments. Explaining the situation,
REMOVING DIFFICULTIES AND ACCELERATING many said that the most important reason is that
coordination mechanisms and sanctions for
PUBLIC INVESTMENT DISBURSEMENT violations remain light. It is forecast that
smuggling, commercial fraud, and fake goods
will continue to be complex issues, with the fight
To promote public investment and quicken disbursement, Prime
Minister Pham Minh Chinh signed Decision No. 548/QD-TTg on May requiring the participation of all of society, from
businesses to consumers and law enforcement.
2, setting up six inspection working groups that will remove difficulties
and obstacles and accelerate disbursement at ministries, central
agencies, and localities. The groups will organize reviews of difficulties
and problems and guide the consistent implementation of the Law on
Public Investment and others. The six working groups are headed by
government leaders, including four Deputy Prime Ministers and two
Ministers, while leaders at the Ministry of Planning and Investment
(MPI) take standing positions in the groups. The MPI leaders have the
responsibility of assisting working groups in developing inspection
reports and recommendations.

41 TRADE - MARKET

TACKLING FAKES AND IMITATIONS
ON E-COMMERCE PLATFORMS

Fake, imitation, and poor-quality goods on online
business in general and e-commerce platforms in
particular have had a significant impact on the
development of genuine businesses. According to
analysts, many e-commerce platforms hope to
expand and attract more vendors, so control and
verification of goods are not tight. This creates a
situation that allows fake and imitation goods to
28 STOCKS appear. E-commerce platforms have also begun to
screening bond quality, implement reviews to minimize instances of goods
not meeting customer expectations. Although
putting indiVidual many technology solutions have been introduced,
thoroughly preventing the appearance of fake and
bonds on exchanges imitation goods is a challenge for all platforms.

The issuance of corporate bonds to the public has been low for many
years. One worrying fact is that the number of individual investors
“dodging” regulations or acting under the guise of investment
cooperation contracts to buy individual bonds is increasing. Promoting
public issuances and speeding up the establishment of a private
secondary bond trading floor is now important, to ensure the market’s
sustainable development and the interests of individual investors.

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