link ae888

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.
PM orders stricter controls over multi-level marketing ảnh 1People join a conference held by a multi-level marketing firm (Photo: tintuc.vn)

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

The directive aims to ensure social security and people’s rights while facilitating MLM companies’ ability to operate under a legal framework.

The Prime Minister instructs the Ministry of Industry and Trade (MoIT), in co-operation with the Ministry of Justice (MoJ) and relevant agencies, to review regulations that do not fit the current reality in multi-level marketing management.

Accordingly, MoIT is required to uncover and strictly punish violations by multi-level marketing firms operating without business licences. The ministry will investigate, check and resolve violations by marketing companies with products beyond their granted business licences.

Check-ups ensuring the businesses’ food safety, promotions, advertisements and conferences will also be enhanced.

In addition, the ministry instructs market management departments to define goods’ origins, especially those that are domestically produced.

The Ministry of Police should quickly investigate and strictly punish organisations and individuals taking advantage of MLM committing tax evasion, commercial fraud, smuggling, counterfeiting, manufacturing poor quality products and illegal financial mobilisation nationwide.

The government leader also asked MoJ to co-operate with relevant agencies to study and propose supplemental criminal punishments for firms using multi-level marketing for illegal trading activities.

The Ministry of Health will investigate the production, processing, transport, import and export of food and cosmetics products of these companies.

The Ministry of Finance is required to quickly publish exact information on tax investigation results and check-ups on multi-level marketing businesses nationwide.

The Ministry of Science and Technology will be in charge of resolving violations of measurements, product quality and intellectual property rights of MLM companies.

The Ministry of Agriculture and Rural Development will investigate and prevent violations of production, packaging, imports and advertisements, especially fertilisers.

The State Bank of Vietnam has instructed credit institutions to follow regulations on deposit management of MLM companies according to a decree published on May 14, 2014. The institutions are required to quickly freeze businesses’ accounts to facilitate investigations and withdraw the assets of violated firms.

🐓 The Prime Minister asked provincial People’s Committees to enhance management and investigate violations, while organising training courses to popularise legal regulations on multi-level marketing.-VNA

VNA
#State management #multi-level marketing #social security #people’s rights #credit institutions #investigations

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🤪 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🎃 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🀅 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

🃏 Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|