Summary: Vietnam has launched a crackdown on counterfeit goods to appease the US and avoid a 46% tariff. The crackdown, which includes the closure of shops and stalls selling fake luxury items, aims to improve Vietnam’s business environment and formalize the retail sector. While the crackdown has resulted in the seizure of counterfeit goods, shop owners argue that it unfairly targets those who cannot afford authentic products.

Link: https://www.straitstimes.com/business/economy/made-in-vietnam-hanoi-cracks-down-on-fake-goods-as-us-tariffs-loom