25 multi-level marketing companies that violated regulations were shut down.
Due to violations of regulations on multi-level marketing activities, 25 multi-level marketing businesses have had their operating licenses revoked by the authorities.
News from the Competition Management Department (Ministry of Industry and Trade) indicates that a task force recently inspected a series of multi-level marketing businesses. As a result, more than 25 multi-level marketing companies were shut down for violations, and dozens of other multi-level marketing companies, large and small, were inspected, warned, and fined billions of VND.
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Common violations detected and handled include violations in the issuance or amendment of multi-level marketing registration certificates, multi-level marketing training activities; advertising that provides false or misleading information to customers; maintaining more than one multi-level marketing business position, multi-level marketing contract, or multi-level marketing business code for the same multi-level marketing participant...
Also in August 2017, Organo Gold Vietnam Co., Ltd., a multi-level marketing company, announced the cessation of its operations nationwide.
A representative from Organo Gold Vietnam stated that the company will be responsible for fulfilling its obligations to participants in the multi-level marketing scheme in accordance with the law.
The Competition Authority (CA) advises that participants in multi-level marketing (if any) who have any complaints about the company failing to fulfill its obligations to them can submit them directly to the company or the CA for resolution.
According to VTC
