A Canon kiosk at the Vietnam Int’l LED/OLED Technology Show 2014 in Ho Chi Minh City. Photo courtesy of Thoi Bao Kinh Te Saigon
Representatives from foreign technology companies have voiced their concerns about the increase of counterfeit products in the Vietnamese market in recent years, Thoi Bao Kinh Te Saigon reported.
Nguyen Khanh Binh, director general of Vietnam Schréder Co. Ltd under the Belgian Schréder Group, said the company had found some Vietnamese companies imported cheap spare parts from China and then labeled the assembled products as Schréder’s.
Binh blamed Vietnam’s loose market management and a lack of self respect in doing business of Vietnamese companies for the situation.
Another contributing factor is the fact that Vietnamese consumers are not well aware of the differences between genuine and fake products, while they prefer cheaper ones, he said.
The representative of a famous phone brand, who asked to be anonymous, also said fake products using its name have gradually made their way into the Vietnamese market.
What is more worrying, according to him, is that Vietnamese consumers are taking fake products for granted.
“Whenever we release a new product, a similar fake one imported from China will be immediately available on the market,” he said.
The fake products are sold publicly, without intervention by market management authorities, he said.