As numerous dishonest companies are partaking in MLM, Lai Ngoc Thanh, lawyer of Basico law firm said clarifying the quality of products is one way to determine whether an MLM company is trustworthy or not. If the company acquires profit from distributing high-quality products, they are more likely legitimate. In case a company distributes low-quality products (or no products at all), while simultaneously enticing people to pay and join the network to acquire massive profit, they may be involved in illegal activities. … [Read more...] about MLM enterprises dodge licencing by setting up new entities
Indiana 2018 new laws
A separate law needed for industrial zone and economic zone development
“Vietnam is entering a new phase and it requires comprehensive and strong reforms to become a developed and modern country, overcoming the middle-income trap and avoiding being left behind by other countries in the region. To do this, we have to continuously innovate and improve institutions, policies, and adjust the goals and orientations for the development of IZs and EZs to adapt to the new context, contributing to the implementation of development strategies and the development of the country," Dong said. … [Read more...] about A separate law needed for industrial zone and economic zone development
VIETNAM BUSINESS NEWS JANUARY 20
However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20
Deputy PM fields lawmakers’ concerns on SEZs, cryptocurrency: NA
The Q&A format, restricting the time for questions down to one minute each and answers down to three minutes each, proved to be effective and was appreciated by both NA deputies and citizens alike, said NA Chairwoman Nguyen Thi Kim Ngan during her closing speech. … [Read more...] about Deputy PM fields lawmakers’ concerns on SEZs, cryptocurrency: NA
Public investment to focus on key projects to create impetus for economic growth
Phương said that the Law on Public Investment No 39/2019/QH14 which took effect from the beginning of this year would help tighten management of the entire process of public investment. In addition, the decentralisation of management would also be enhanced together with increasing accountabilities for higher efficiency of public investment. … [Read more...] about Public investment to focus on key projects to create impetus for economic growth