Illegal business no longer criminalized Tu Giang HANOI - That illegal business is no longer considered a crime is voted one of the best rules in the ranking of the Vietnam Chamber of Commerce and Industry (VCCI). The 2015 Penal Code has eliminated the crime of doing business illegally in Article 159. With this, acts of doing business without registration, not complying with provisions in one’s business registration certificate or without a special permit in cases required by the law are no longer treated as a criminal offense. VCCI deemed this move as essential. Recently, Vietnam’s law on business has made many provisions to support freedom of business. In particular, Article 33 of the 2013 Constitution says, “everyone shall have the right to freedom of business in occupations not prohibited by law.” Thus, it is inappropriate and unnecessary to keep “illegal business” as a crime, which would be contrary to the spirit of business freedom that the … [Read more...] about Illegal business no longer criminalized
Firms encouraged to report illegal business conditions to PM Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI - Enterprises need to report business conditions that ministries and agencies issue beyond their authority to the Prime Minister, vice chairman of the Government Office Le Manh Ha said at a conference in Hanoi last week. “The PM has the right to suspend and abolish documents signed by ministers and provincial chairpersons if they run counter to the prevailing laws. Enterprises should submit complaints to the PM to help shorten the time to deal with their problems,” Ha said. The Government Office and the Central Institute for Economic Management (CIEM) organized the conference to discuss ways to implement the Government’s Resolution 19 on improving national business climate and competitiveness. The event was also held to collect comments of enterprises on Vietnam’s business environment. Truong Van Cam, vice chairman of the Vietnam Textile and … [Read more...] about Firms encouraged to report illegal business conditions to PM
After carrying out a two-month inspection, the Department of Trade of Ho Chi Minh City has come to the conclusion that Aloe Trading Company Ltd., (ATC) has violated Viet Nam's labor code and conducted illegal business. Located at 199 Nam Ky Khoi Nghia, Ward 7, District 3, Ho Chi Minh City, ATC is the exclusive importer & distributor of Forever Living Products (FLP)'s "supplement products" and Sonya cosmetic products in Viet Nam. The company has 116, 746 distributors in 46 provinces & cities in Viet Nam. The company's products are sold in the form of a pyramid scheme where the final price is many times higher than the original cost. For instance, Forever Bee Pollen nutrient, with an initial cost of VND3, 271 per tablet, wholesales at VND244, 000 and retails at VND348, 000 or 117 times the initial cost. Similarly, Sonya Mascara, starting at VND14, 834, winds up retailing at VND244, 000 or 16 times the initial cost. The company was also found to have distributed cosmetic … [Read more...] about Aloe Trading Company Conducts Illegal Business in Viet Nam
VietNamNet Bridge - On September 12-17, the Danang Police discovered two cases, with 10 Chinese who performed illegal business in the city. Notably, some of them had committed illegal activities in Vietnam for two years without being detected. On September 25, Lt. Col. Huynh Kim Ky, from the Exit and Entry Management Department of the Da Nang Police Agency, said the department had proposed sanctions and forced exit on nine Chinese people for violating the rules on entry and exit, residence transit and travel. They include Lun Xian Rong (born in 1971, passport number G52928053, visa valid from 3/8 to 3/11,) Zou Qiang (1995, E03038109), Zeng Cong Yang (1979, E03742697) , Lou Gao Jun (1968, E01775707), Cheng Xu Hong (1965, E03038107), Xie Zu Yong (1966, E03038105), He Yong (1974, E02902232), Zuo Qian Cai (1970, E03038108), and Jiang Hong Ying (1970, E02902231), visas valid from 11/9 to 11/12. On September 17, Lien Chieu District Police detected these people purchasing internal … [Read more...] about Many Chinese do illegal business in Danang
VietNamNet Bridge ' The three companies set up by Nguyen Duc Kien do not have the functions relating to finance investments, but the legal status of the companies could still be exploited by Kien to issue bonds and making finance investments. Three Vietnamese big guys arrested within 20 days Kien arrest stirs up the public, vibrates stock market Kien arrest heats up National Assembly meeting According to the Ministry of Public Security, Nguyen Duc Kien has been arrested for his illegal business activities relating to three companies, including the B&B Trade and Investment Joint stock Company, the ACB Hanoi Investment Joint Stock Company and the A Chau Finance Investment Company Ltd. … [Read more...] about What tactics Kien used to do illegal business?