This Decree amends, supplements some regulations of Decree No. 40/2018/ND-CP relating to conditions for carrying out multi-level marketing business and responsibilities of multi-level marketing enterprises.
Accordingly, a multi-level marketing enterprise must be granted a certificate of multi-level marketing registration by a competent authority.
In case the registering organization is an enterprise whose owners or members or shareholders are foreign investors or foreign-invested business organizations, all of these foreign investors or foreign-invested business organizations need to have at least 03 years of continuous operation of multi-level marketing business in a certain country or territory.
Regarding multi-level marketing participants, this Decree requires that they must be individuals who have full legal capacity in accordance with regulation of laws and reside in Vietnam.
Regarding responsibilities of multi-level marketing enterprise, this Decree supplements the regulation on banning the use of images, names, correspondences of health facilities, health units, physicians, pharmacists, health workers, testimonials of patients, articles written by physicians, pharmacists, health workers to provide information about products sold via multi-level marketing.
Each multi-level marketing enterprise also has to make sure that at least 20% of the revenue from multi-level marketing in a fiscal year is from customers who are not the enterprise's multi-level marketing participants."
This Decree takes effect from June 20th, 2023.
|Published||Vietlaw's Newsletter No. 611|