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Official Gazette

Sunday, August 14, 2022
Tags: multi-level marketing
Regulatory Fintech sandbox for banking activities proposed Regulatory Fintech sandbox for banking activities proposed
The State Bank of Vietnam has released the second draft of a decree on regulatory sandbox for financial technology operations in the field of banking which is expected to foster innovation, creativity and modernization of the sector.
Draft law aims at better protection of consumers in particular transactions Draft law aims at better protection of consumers in particular transactions
The Ministry of Industry and Trade has recently unveiled a draft amended law on protection of consumer rights, proposing several new regulations on protection of rights of consumers engaged in particular transactions with business organizations and individuals.
Draft sets out stricter regulations on advertisement of MLM products Draft sets out stricter regulations on advertisement of MLM products
The use of images, equipment, costumes of health workers in information sheets about products, especially foodstuff, traded under the multi-level marketing schemes would be prohibited, according to a draft decree designed by the Ministry of Industry and Trade to replace Decree 40 of 2018.
Draft decree to tighten rules on foreign investment in multi-level marketing Draft decree to tighten rules on foreign investment in multi-level marketing
In the future, foreign investors who wish to register for multi-level marketing activities in Vietnam may need three consecutive years of experience in multi-level marketing in another country.
Information technology and telecoms-related crimes under Vietnams Penal Code Information technology and telecoms-related crimes under Vietnam’s Penal Code
In order to have legal grounds to prevent and properly punish increasingly sophisticated crimes related to information technology and telecommunications (ITT) networks, which could cause very serious consequences to socio-economic activities, national defense and security, ITT-related criminal acts need to be prescribed in the Penal Code as well as specialized laws[1]. In the 2015 Penal Code (revised in 2017) (the Code), these acts are grouped into nine crimes in Section 2 of Chapter XXI[2].
Official Gazette issues Nos 121-124/2018 released on January 23 2019 Official Gazette issues Nos 121-124/2018, released on January 23, 2019
Government increases fines for multi-level marketing violations Government increases fines for multi-level marketing violations
The Government has recently issued Decree 141 revising a number of articles of the decrees on sanctioning of administrative violations in multi-level marketing.
Official Gazette issues Nos 63-65/2018 issued on September 07 2018 Official Gazette issues Nos 63-65/2018, issued on September 07, 2018
Official Gazette issues Nos 28-30/2018 released on June 13 2018 Official Gazette issues Nos 28-30/2018, released on June 13, 2018
MoIT slashes 675 business and investment conditions MoIT slashes 675 business and investment conditions
The Ministry of Industry and Trade (MoIT) on September 20 decided to remove 675 out of 1,216 business and investment conditions under its management during 2017-18.

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