New Text Notification

Vietnam: Forcing others to make a deposit for multi-level marketing sales shall be fined VND 100 million

Anh Tú

08:59, 11/10/2018

This is a new notable content of Decree No. 141/2018/ND-CP of Vietnam’s Government amending and supplementing a number of articles of Decrees prescribing penalties for violations against regulations on multi-level marketing (hereinafter referred to as “MLM”).

Decree No. 141/2018/ND-CP of Vietnam’s Government supplements penalties for illegal acts in multi-level marketing specified in Decree No. 71/2014/ND-CP, specifically, a fine ranging from VND 80,000,000 to VND 100,000,000 shall be imposed for requesting a prospective participant to deposit or pay a certain amount of money in any way to be eligible to enter into a MLM contract.

In particular, penalties for other illegal acts in multi-level marketing are as follows:

- Requesting a prospective participant to buy a certain quantity of products in any way to be eligible to enter into a MLM contract;

- Paying money or other economic benefits to a participant in compensation for his/her recruitment of new distributors;

- Refusing to pay, without giving legitimate reasons, commissions, bonuses or other economic benefits to eligible participants;

- Providing false information concerning the compensation plan or benefits obtained from the participation in the MLM;

- …

View more details at Decree No. 141/2018/ND-CP of Vietnam’s Government, effective from November 25, 2018.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

8 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn