The rampancy of fake, faulty clothing and footwear items under the guise of leftover, export-bound brand name products has perplexed unsuspecting buyers in Ho Chi Minh City over recent years. The rampancy of fake, faulty clothing and footwear items under the guise of leftover, export-bound brand name products has perplexed unsuspecting buyers in Ho Chi Minh City over recent years. Dinh Thi Thu Hoa, a resident of Thu Duc District, was astounded at having spotted a replica pair of Zara Basic sandals which she had gone to great lengths to buy through a website based in another country last year. The lookalike was peddled on the street for a mere VND130,000 (US$6), one-tenth of what hers had cost, including tax and shipment fees. Hoa bought the pair, advertised as export stock, and found them shockingly similar to her pricey, authentic ones, apart from the level of comfort when wearing them. Phuc, who lives in District 12, was also frustrated that a pair of N. brand … [Read more...] about Shoddy export products bewilder consumers in Ho Chi Minh City
With a great variety of ginseng products widely available in Vietnam, whose origin and quality are however dubious, many local consumers have lost money to ‘junk ginseng’ that has no medical effect left despite being sold under the guise of Korean imports. Korean ginseng, questionably known as a miraculous medicine, is on sale at stores and on Facebook at only a few million Vietnamese dong per kilogram, and local consumers are willing to pay a hefty sum to buy the product without wondering about their origin. Ginseng is categorized by its processing methods, and the main varieties are susam, baeksam, and hongsam, according to the Korea Tourism Organization, which calls ginseng "Korea's representative medicinal crop." Susam is unprocessed ginseng in its natural form, baeksam is dried ginseng, while hongsam is unpeeled ginseng that has been steamed before drying. There are also smuggled ginseng products having been processed and treated so many times that they no … [Read more...] about Vietnam consumers lose money to ‘junk ginseng’ as market flooded with doubtful products
Copycats of many Vietnamese gadgets have been smuggled to Vietnam from China, leaving the real companies to deal with poor quality complaints, even bankruptcy. Chinese makers quickly follow new product launches in Vietnam, and their versions resemble the authentic products, only they are made from cheaper materials, representatives of Vietnamese companies told Tuoi Tre in a report Monday. Nguyen Cong Quyen, board chairman of Ho Chi Minh City-based consumer electronics producer Vietnam-Japan Technology JSC, said he was "panicked" with a wave of more than 20 complaining customers over the past two weeks. Quyen said Chinese fraudsters also sell the fakes at higher prices with promotional bonuses, and many customers have come to his company's headquarters to ask for gifts such as pots and cooking oil as promised earlier. "The fraudsters provide our address, telephone numbers, faking our warranty papers and even our seal to convince people," he said. Quyen said the Chinese makers have made … [Read more...] about Chinese fakes bully Vietnamese products on home market
Copycat products are still a headache for local manufacturers, while authorities have yet to figure out any effective solution to curb the issue, a conference heard last week. Voicing their opinions at a conference on the fight against fake products and trade fraud, many businesses said that whenever certain products enjoy strong sales and high consumption, they are immediately duplicated, with the copycat sporting more eye-catching packaging and designs, and sometimes even labeled with anti-counterfeit stamps. Nguyen Huu Vinh, head of administration and personnel at LG Vina Cosmetic Co Ltd, the company which owns brand names such as Essance, Ohui, and Whoo, was quoted by Saigon Times Online as saying that fake products had damaged not only the company’s sales but also its reputation. Vinh said LG Vina had recently managed to achieve only 70 to 75 percent of its full-year sales targets thanks to competition from the fake products. He said the company’s Essance cosmetic … [Read more...] about Copycat products remain unbeatable
Heavy traffic congestion occurred on August 7 on Ha Noi's downtown street of Dinh Le as customers flocked to the street to buy the products of some famous brand names such as Gucci, Milano and D&G. The products were offered there at very favourable prices of 70 to 90 per cent discount on their original prices of dozens of millions of dong. This is not the first time such a craze for top-brand products has been seen in Viet Nam. Every time a shopping centre announces a discount on branded products, large numbers of customers flock to them to hunt for bargains. What do you think of such crazes for branded products and luxury goods, given that Viet Nam's GDP per capital was just around US$1,900 a year? Is it perhaps a good sign to show that local customers are interested in authentic products of high quality or an indication of rising consumerism? Do you find the obsession with these products strange at all? Why, or why not? Please reply by email to: [email protected], or by fax … [Read more...] about What do you think of such crazes for branded products and luxury goods?