According to recent reports, several Egyptian importers have been engaging in fraudulent trade practices, including delayed payments and intentional contract breaches after goods arrive at the port. Their objective appears to be price manipulation, causing significant losses to Vietnamese exporters.
Common Patterns of Fraudulent Cases
The fraudulent cases share several similarities:
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Export contracts for agricultural commodities (such as cinnamon, pepper, coffee, etc.) were signed through intermediaries, without direct negotiation with the buyers—mainly because the Egyptian buyers do not communicate in English.
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There are also signs of collusion between the importers and local banks to withhold original shipping documents, even after formal requests from Vietnamese banks.
Official Warning from the Vietnam Trade Office in Egypt
In response to these incidents, the Vietnam Trade Office in Egypt issues a strong warning to Vietnamese exporters:
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Exercise extreme caution when dealing with Egyptian partners.
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Avoid negotiating or signing contracts solely through brokers.
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Temporarily refrain from entering into any transactions with the following companies:
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Hamouda Company for Import and Export – Aadel Ahmed
Address: Abou Samada, El Dilingat, El Beheira, Egypt
Tax ID: 452443865 -
El Gezirah El Arabia Company for Import Export
Address: El Behira, Abou Samada, Egypt -
AI Jazeera Arabia for Import and Export
Address: El Behira, Abou Samada, Egypt
Buyer’s contact: +20-115-xxx-0070 (Reda Alalaa)
Brokers’ contacts: +20-106-xxx-4004 (Mohamed Beshir); +20-122-xxx-7754 (Ali Fahmy)
Vietnamese exporters are advised to verify the credibility of Egyptian partners before signing any new contracts and to consult the Vietnam Trade Office in Egypt for assistance in risk prevention