Massive fake luxury goods ring shut down in Vietnam
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Government authorities have raided a warehouse storing thousands of fake luxury goods in Lao Cai City, northern Vietnam, which were being sold online.
The 10,000sqm warehouse was divided into several areas including rooms for selling fake luxury goods via live-streaming on Facebook. Most of the items are copies of major brands including Gucci, Chanel, Nike and Adidas.
One of the employees from the warehouse admitted that there were more than 40 people processing orders during the live-streaming and some 1000 packages being shipped each day.
Although the exact number of fake goods smuggled from China has yet to be confirmed, authorities discovered the ring sold more than 90,000 products each month at a profit of around US$432,000.
An official said the ring was professionally organised and took advantage of online platforms for both wholesale and retail as online shopping has become increasingly popular in Vietnam.
Questions & Answers
Q.How many items were estimated to be sold by this fake goods ring each month?
How many items were estimated to be sold by this fake goods ring each month?
Authorities discovered that the organised ring sold over 90,000 products every month. These items were copies of major brands like Gucci, Chanel, Nike and Adidas, distributed both wholesale and retail.
Q.What profit was the fake luxury goods ring making each month?
What profit was the fake luxury goods ring making each month?
The fake goods ring was estimated to be making a profit of approximately US$432,000 each month. This was achieved by selling products through online platforms, including live-streaming on Facebook.
Q.What methods did the ring use to sell the fake luxury goods?
What methods did the ring use to sell the fake luxury goods?
The ring primarily used online platforms for both wholesale and retail sales. They specifically took advantage of live-streaming on Facebook, with over 40 people processing orders and shipping around 1000 packages daily.
Q.How many employees were involved in processing live-stream orders at the warehouse?
How many employees were involved in processing live-stream orders at the warehouse?
One employee admitted that more than 40 people were dedicated to processing orders during the live-streaming sales. Also, the operation was shipping approximately 1000 packages each day from the warehouse.
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