Recently, the Ministry of Industry and Trade of Vietnam has requested to strengthen the management of business activities conducted through the multi-level marketing method.
To ensure the regulations on damage compensation related to unfair competition practices in general and illicit multi-level marketing in particular are implemented in practice, there are many legal issues that need to be guided and explained by the competent authorities, especially from the Supreme People's Court, the Supreme People's Procuracy, and the Ministry of Industry and Trade of Vietnam.
This is an important content stipulated in Decision 2837/QD-BCT of 2020 on the Scheme to enhance the efficiency of state management in multi-level marketing business activities for the period of 2021-2025, issued by the Minister of Industry and Trade of Vietnam on November 5, 2020.
This is noteworthy content in Decision 2837/QD-BCT concerning the Scheme to enhance the effectiveness of state management in multi-level marketing activities for the 2021-2025 period, issued on November 5, 2020 in Vietnam.
The Ministry of Industry and Trade (Hanoi, Vietnam) issued drafting a Circular to amend and supplement Circular 10/2018/TT-BCT detailing certain provisions of Decree 40/2018/ND-CP of the Government of Vietnam on the management of multi-level marketing activities. There are 02 new proposals as follows:
Decree 55/2024/ND-CP stipulates regulations on responsibility of organizations and individuals that perform multi-level marketing in Vietnam, which comes into force from July 1, 2024.
Ministry of Industry and Trade of Vietnam issued Decision 1299/QD-BCT, which contains the content of Procedures for accreditation of multi-level marketing basic training program in Vietnam
The Ministry of Industry and Trade has issued Decision 1299/QD-BCT on the field of multi-level selling, including the content of administrative procedures to terminate multi-level marketing activities in Vietnam.
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