Vietnam MLM Under Investigation

Thanhnein News A two-month probe conducted by HCMC Trade Department into a multi-level marketing business revealed Wednesday a host of infringements on government business regulations.

The southern Ho Chi Minh City trade inspection task’s initial report found that Sinh Loi Company conducted illegal practices concerning taxation, invoices, promotions, labeling, network marketing and trade fraud. A final conclusion and corresponding punishments are to be announced in the next week. Because of the serious nature of the charges, the company stands to lose its multi-level marketing business certificate, said Tran Vinh Nhung, deputy director of the trade department.