The Government has issued a new decree to amend and supplement some articles of Decree 185/2013/ND-CP, dated November 15, 2013 on the penalties on administrative violations in commercial activities.
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The Government has issued a new decree to amend and supplement some articles of Decree 185/2013/ND-CP, dated November 15, 2013 on the penalties on administrative violations in commercial activities.
Accordingly, pyramid selling organisers will be fined VND 20-30 million (US$952-1428) if they pay their salesmen over 40% of turnover (including commission, premium, and other economic benefits).
A fine of VND 30-50 million will be imposed on multi-level marketing activities without registration with State competent agencies. The fine will be doubled if the infringements take place in two or more municipal provinces and cities.
In addition, multi-level marketing salesmen will be fined VND 500,000-1,000,000 if they have yet granted member cards or do not present member cards when introducing or marketing products.
Inaccurate dissemination on products will be imposed a fine of VND 1-3 million./.
(Source:VGP)
