Business Daily Media

The Times


.

FSC Blocks An Viet Phat Energy For Making False Claims On Large Volumes Of Wood Pellets

HANOI, VIETNAM - Media OutReach - 2 November 2022 - FSC has blocked An Viet Phat Energy Co. Ltd (SGSHK-COC-370077) for deliberately making false claims on a large volume of wood pellets they sold in 2020.

An ongoing transaction verification loop revealed that An Viet Phat Energy created purchase documents with FSC 100% claims for non-FSC raw material. An Viet Phat Energy used this material for producing wood pellets, which they sold with FSC 100% claims.

FSC and its assurance partner, Assurance Services International (ASI) launched a transaction verification loop (TV loop) on Asian FSC-certified wood pellet supply chains, in March 2021. The second phase of the TV loop revealed that An Viet Phat Energy had provided documents showing the purchase of FSC-certified raw materials from certificate holders in 2020. However, the assessments conducted at some of An Viet Phat Energy's suppliers corroborated that no harvest had taken place at the certified forests and no sale of certified material had been made to An Viet Phat Energy.

Based on these findings, ASI recommended that FSC block An Viet Phat Energy, in accordance with FSC's normative provisions on actions taken against deliberate false claims. An Viet Phat Energy has been blocked for 3.5 years. This means that FSC has expelled the company from the FSC system – the trademark license has been revoked and the company cannot seek recertification for the duration of the blockage. An Viet Phat Energy's FSC certificate has also been suspended by its certification body.

The TV loop on FSC-certified wood pellets (product code W 3.6) was initiated after FSC and ASI received several questions and allegations about the integrity of FSC-certified wood pellets in Asia. Sales and purchase information from 136 certificate holders was collected and analyzed by ASI. The final phase of the TV loop is ongoing, and the final results will be announced towards the end of 2022.

Read about the preliminary results of the TV loop here.

More about false claims and blockage, please refer to FSC's Advice Note 18, available on page 39 here.

More about certification status of An Viet Phat Energy, please visit FSC's public certificate search.

Hashtag: #FSC

The issuer is solely responsible for the content of this announcement.

News from Asia

ANGEL's KFC Indonesia Water Project Wins at Asian Technology Excellence Awards 2026 for Sustainable Filtration

BANGKOK, THAIALND – Media OutReach Newswire – 20 September 2026 – ANGEL has been honored with the Sustainable Tech – Food & Beverage award at the Asian Technology Excellence Awards 2026...

Fourth Forum on China-ASEAN Artificial Intelligence Cooperation Successfully Held in Nanning, Drawing Over 700 Delegates

NANNING, CHINA – Media OutReach Newswire – 20 September 2026 – On September 16, as an international science and technology exchange platform included in the list of cooperation initiatives for the...

Wuhan Opens Autumn Consumption Season with 279 Cultural and Tourism Events

WUHAN, CHINA - Media OutReach Newswire - 20 September 2026 - The 2026 "Yangtze's New Arena · Vibrant Greater Wuhan" autumn consumption season has opened in Wuhan, capital of central China's Hubei ...

Green SM Indonesia launches premium 6-seat electric taxi service and attractive new vehicle rental program

JAKARTA, INDONESIA - Media OutReach Newswire - 20 September 2026 - Green SM, an all-electric ride-hailing platform, officially launches its 6-seat electric taxi service, Green Limo, in Indonesia, ...

Opening ceremony of 23rd CAEXPO and CABIS held in Nanning

NANNING, CHINA – Media OutReach Newswire – 19 September 2026 – On September 17, the 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit opened in Nanning, Guangxi. With the theme ...

Hong Kong sets out initiatives to secure long-term development of pillar industries

HONG KONG SAR - Media OutReach Newswire - 19 September 2026 - Hong Kong's Chief Executive John Lee rolled out various measures to develop Hong Kong's key economic centres when he unveiled the Firs...

Nearly Half of Tracked Google Queries Now Show AI Overviews, KL SEO Expert Warns

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 September 2026 – As tools like Google AI Overviews, ChatGPT, and Gemini increasingly influence how consumers search for products and services...

Connecting Global Resources, Empowering Industry Growth

MetroTrans 2026: Join Us to Unlock New Growth OpportunitiesGUANGZHOU, CHINA– Media OutReach Newswire – 18 September 2026 – The 2026 China International Metro Transit Exhibition (MetroTrans 2026) w...

Finding a Second Home: Indian Student Aashni Rungta Pursues Business Excellence at CUHK

HONG KONG SAR – Media OutReach Newswire – 18 September 2026 – Hong Kong's standing as a global financial centre is turning the city into a magnet for internationally minded business students...

De Beers Group and Chow Tai Fook Jointly Launch Desert Rose Collection at JGW

HONG KONG SAR – Media OutReach Newswire – 18 September 2026 – De Beers Group presents the Desert Rose collection in partnership with Chow Tai Fook—the strategic partner of its Desert diamonds camp...

Gift Cards as the gateway to agentic payments

Prepaid and stored value gives consumers the trust and control to try AI shopping agents By Blackhawk Network VP Head of ANZ Kieran Nolan For deca...

Why Data Accumulation Without Governance Undermines Sustainability Goals

In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...