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As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

Hanoi (VNA) - The COVID-19 pandemic has been well controlled in Vietnam, but risks of an outbreak are still present, especially with the Tet (Lunar New Year) holiday approaching, leading experts to warn that people need to strictly abide by preventive regulations. Associate professor Tran Dac Phu, senior advisor to the Vietnam Emergency Operations Centre, told Ha Noi Moi (New Hanoi) newspaper that the current risk of infection was mainly due to a lack of strict control of entry and lax quarantining. Each ministry, branch and locality must continue to seriously implement pandemic prevention and control measures, he said, adding that along with the strict control and prevention of illegal entry, local authorities and police need to closely monitor border areas, especially land borders. Along calling on provincial and municipal health departments to strictly implement COVID-19 pandemic prevention and control measures, Minister of Health Nguyen Thanh Long urged … [Read more...] about People urged to continue pandemic prevention to ensure peaceful Tet

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

He congratulated Saysomphone Phomvihane on being re-elected as a Politburo member of the LPRP (11th tenure) and expressed his belief that under the leadership of the new Politburo and the LPRP Central Committee, the Lao people will reap even greater achievements in the process of national construction and defence and successfully realise goals and political tasks set by the Resolution of the 11th Congress of the LPRP. … [Read more...] about VIETNAM NEWS JANUARY 20