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multi-level marketing

MoIT tightens multi-level marketing activities

MoIT tightens multi-level marketing activities

The Ministry of Industry and Trade (MoIT) has asked units under their direction and the departments of industry and trade of provinces and cities to tighten the management of multi-level marketing activities in Việt Nam.
Legal framework for multi-level marketing must be improved

Legal framework for multi-level marketing must be improved

The legal framework for multi-level marketing business must be improved to better protect rights of consumers while creating a healthier market and not increasing costs for enterprises, experts said.
VCCA warns against AI powered multi-level marketing schemes

VCCA warns against AI powered multi-level marketing schemes

The Viet Nam Competition and Consumer Protection Authority (VCCA) has issued a warning about illegal multi-level businesses through investment in "AI Robots".
Draft decree to tighten rules on foreign investment in multi-level marketing

Draft decree to tighten rules on foreign investment in multi-level marketing

In the future, foreign investors who wish to register for multi-level marketing (MLM) activities in Viet Nam may need three consecutive years of experience in multi-level marketing in another country.
Regulations about multi-level marketing to be amended

Regulations about multi-level marketing to be amended

The Ministry of Industry and Trade has made public for comments draft amendments to Decree No 40/2018/NĐ-CP about managing multi-level marketing business.
Users warned over new cashback apps

Users warned over new 'cashback' apps

The Viet Nam Competition and Consumer Protection Authority (VCCA) has issued a warning over cashback apps which lack transparency and showed signs of illegal multi-level marketing.
Warning issued about online multi-level marketing

Warning issued about online multi-level marketing

The Viet Nam Competition and Consumer Protection Authority (VCCA) has issued a warning about online multi-level marketing schemes.
More than 20 multi-level marketing firms have permission to work in Viet Nam

More than 20 multi-level marketing firms have permission to work in Viet Nam

After the authorities revoked working licenses of five multi-level marketing (MLM) firms last year, there are 23 firms of this type allowed to operate in the country.
Government issues new decree on multi-level marketing plans

Government issues new decree on multi-level marketing plans

The Government has issued a new decree which it says will help build a "clean and transparent multi-level marketing environment".
Number of multi-level marketing businesses drop to half

Number of multi-level marketing businesses drop to half

The number of multi-level marketing businesses has halved to 37 by end of March, following Government crackdown over the past two years to ensure that they are operating correctly.  
Many pyramid scheme firms licences revoked

Many pyramid scheme firm’s licences revoked

Viet Nam Competition Authority has revoked the licences of 14 multi-level marketing firms and forced 11 others to halt business until November, Vietnam News Agency reported.
PM orders stricter controls over multi-level marketing

PM orders stricter controls over multi-level marketing

Prime Minister Nguyen Xuan Phuc has released a directive requiring ministries and relevant agencies to tighten State management of multi-level marketing (MLM) activities.
Focus on multi-level marketing

Focus on multi-level marketing

The Ministry of Industry and Trade will accelerate the completion of management policies and documents to tighten multi-level marketing regulations while limiting licensing for the activity, said minister Tran Tuan Anh.
Violations found at several multi-level marketing firms

Violations found at several multi-level marketing firms

The Ministry of Industry and Trade''s Competitive Management Department on July 21 announced a list of 16 multi-level marketing companies without business licences.
Firms busted for tax fraud

Firms busted for tax fraud

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade''s Competitive Management Department said.