Gold shop in Vinh Phuc sells fake products branded Gucci, Dior, Louis Vuitton

On April 25, the General Department of Market Management (QLTT) said that in recent times, the Market Management Department of provinces and cities across the country has increased inspection and handling of violations in gold trading activities.

In Vinh Phuc province, the General Department of Market Management said that this local Market Management force coordinated with Vinh Phuc Provincial Police to conduct an inspection of Thanh Binh Gold and Silver Company Limited (in Tho Tang town, Vinh Tuong district).

Through physical inspection, the inspection team discovered that the business was selling 13 products of yellow metal jewelry with signs of counterfeiting the Gucci, Dior, Louis Vuitton, and Chanel brands that are protected in Vietnam. The value of the infringing goods is nearly 80 million VND.

All violating goods were temporarily detained by Market Management Force No. 2 for further verification and clarification and handling according to the provisions of law. Vinh Phuc Provincial Market Management Department said that in the coming time, it will continue to strengthen local management and grasp the situation of gold business activities in the area to promptly detect and strictly handle violations.

According to the General Department of Market Management, in a series of localities such as Hanoi, Quang Ninh, An Giang, Tien Giang. Dong Thap…, the market management force simultaneously inspected gold business establishments, initially detecting a number of violations by business owners. Among them, gold jewelry products show signs of counterfeiting famous brands. This is one of the violations that the market management force has recently inspected and discovered and is clarifying for handling according to regulations.

Mr. Nguyen Duc Le, Deputy Director of the Department of Market Management Operations, said that through inspections at gold and silver business establishments, the Market Management force initially identified a number of violations related to product labels and listings. prices, violations of business conditions, signs of infringement of industrial property rights, violations in trading goods on e-commerce platforms.

According to Mr. Nguyen Duc Le, inspection of gold metal products will continue to be promoted by the market management force from now until the end of 2024 across the country, to contribute to stabilizing the gold market.