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As shown by statistics published by the Ministry of Industry and Trade’s Vietnam Competition Agency (VCA), as of June 2019, 817,034 people signed contracts to join Oriflame’s MLM network. The total revenue from MLM activities in the first half of 2019 amounted to VND5.8 trillion ($252.17 million), equalling 53 per cent of the company’s revenue for the whole year of 2018. The total commission the company paid sales staff and agents was VND1.92 trillion ($83.48 million), accounting for 36.2 per cent of its revenue. … [Read more...] about MLM enterprises dodge licencing by setting up new entities

Up to now, the country has established 369 IZs (including IZs located in economic zones) in 61 out of 63 provinces and cities, with a total area of nearly 114 thousand hectares, 26 border gate EZs established in 21 provinces and cities with an area of about 766,000ha and 18 coastal EZs established in 17 provinces and cities with a total land and water surface area of nearly 853,000ha. … [Read more...] about A separate law needed for industrial zone and economic zone development

Experts said 2020 was a successful year despite the challenges, and the Government took drastic actions to control the pandemic and promote economic growth last year. They proposed the Government continue focusing on fighting the pandemic, stimulating export and domestic consumption, and stepping up public investment. … [Read more...] about PM asks experts to find new driving forces for development

Mai Xuan Tram, deputy CEO of Kido, said the two companies have over one million outlets to sell beverages across the country, of which 120,000 could sell frozen foods, helping the new venture be competitive in the domestic market. … [Read more...] about Vinamilk, Kido to set up beverages joint venture

Some analysts believe the VN Index will climb to a new record high in 2021. This is not a far-away goal, if noting that some stock markets in the world, including the US, have reached peaks, while Vietnam still has not exceeded the old peak though it bears less impact from the pandemic.  … [Read more...] about Stock market plummets, $10 billion lost