The National Competition Commission at the Ministry of Industry and Trade (MoIT) will examine and inspect the operations of six multi-level marketing firms to make sure their operations are in line with regulations.
It will examine the activities of the Vinalink Joint Stock Company in Hanoi and the Oriflame Vietnam Ltd. Co. in Ho Chi Minh City.
Four other enterprises will be inspected, including the Seacret Ltd. Co., the Total Swiss Ltd. Co., and the Kyowon The Orm Vietnam Ltd. Co., headquartered in Ho Chi Minh City, and the Gcoop Vietnam Ltd. Co. in Hanoi.
Examination and inspection plans will be carried out following decisions issued by the ministry last November and December to prevent and tackle violations in multi-level sale activities.
As of March, 2023, there were 19 legal multi-level marketing firms operating in the country.
Revenue from the sector has continued to grow. In 2020, it posted turnover of over VND15.4 trillion ($649 million), a year-on-year increase of 22.8 per cent, and then more than VND19 trillion ($801 million) in 2021, according to the MoIT.
Last year, two multi-level marketing firms ceased operations after their licenses were revoked for violations in sales activities.
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