July 24, 2018
On July 18, Vietnam’s Ministry of Industry and Trade (MOIT) announced that its Competition and Consumer Protection Authority has reminded multi-level marketing (MLM) companies to fulfill their statutory reporting requirements. Specifically, under Article 49 of Decree No. 40/2018/ND-CP on Multi-Level Marketing, there is a requirement for MLM companies to submit reports every six months, using the promulgated government forms, to both the MOIT and the Department of Industry and Trade (DOIT) of the province/city in which the company is located.