Twenty five MLM businesses stops operation

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SaiGon GP English 2 week(s) ago

Twenty five multi-level marketing (MLM) companies have stopped operation since June 2015, including 14 license revoked firms and 11 suspended, reported the Ministry of Industry and Trade.

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Many pyramid scheme firm’s licences revoked

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Báo Đầu Tư English 3 week(s) ago

Việt Nam Competition Authority has revoked the licences of 14 multi-level marketing firms and forced 11 others to halt business until November, Vietnam News Agency reported.

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Pyramid companies face license revocation

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SaiGon GP English 1 month(s) ago

Chief of the Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade has decided to fine multi-level marketing companies hundreds of millions Vietnam dong for violations in pyramid selling.

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Pyramid schemers fined $25,000

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SaiGon GP English 1 month(s) ago

The Vietnam Competition Authority (VCA) has decided to fine a multi-level marketing company a quarter of a million dollars for multiple operational infractions.

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Illegal businesses using multi-level selling to be charged with crime

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SaiGon GP English 1 month(s) ago

The Prime Minister has issued a decree ordering ministries and related agencies to increase their control on multi-level selling and put criminal proceeding on enterprises employing the pyramid selling for illegal business.

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Hanoi Museum in world’s most beautiful museums

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SaiGon GP English 3 month(s) ago

Hanoi Museum in world’s most beautiful museums

The Hanoi Museum in the capital city of Vietnam has been listed in the world’s most beautiful museums voted by the US’ Business Insider newspaper.

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Canal found under Maya pyramid: Gateway to afterlife?

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Báo Thanh Niên English 4 month(s) ago

Canal found under Maya pyramid: Gateway to afterlife?

Mexican archeologists have discovered a canal system under the pyramid containing the tomb of a Mayan ruler, suggesting the water tunnel could represent a symbolic path to the underworld.

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Oldest Egyptian writing on papyrus displayed for first time

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Báo Dân Trí English 5 month(s) ago

Oldest Egyptian writing on papyrus displayed for first time

The Egyptian Museum in Cairo is showcasing for the first time the earliest writing from ancient Egypt found on papyrus, detailing work on the Great Pyramid of Giza, antiquities officials said Thursday.

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Herbalife settles pyramid scheme case with regulator, in blow to Pershing's Ackman

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Báo Thanh Niên English 5 month(s) ago

Herbalife settles pyramid scheme case with regulator, in blow to Pershing's Ackman

Herbalife Ltd reed to a $200 million settlement with U.S. regulators on Friday, under which the dietary supplements maker will change the way it does business and avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the company.

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Oldest Egyptian writing on papyrus displayed for first time

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Báo Thanh Niên English 5 month(s) ago

Oldest Egyptian writing on papyrus displayed for first time

The Egyptian Museum in Cairo is showcasing for the first time the earliest writing from ancient Egypt found on papyrus, detailing work on the Great Pyramid of Giza, antiquities officials said Thursday.

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Details of MLM crackdown published soon

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Báo Đầu Tư English 8 month(s) ago

Details of MLM crackdown published soon

The Ministry of Industry and Trade aims to announce the results of the investigation into seven multi-level marketing companies this May.

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Authorities tighten grips on pyramid schemes

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Báo Dân Trí English 9 month(s) ago

Authorities tighten grips on pyramid schemes

The Ministry of Industry and Trade has started inspections of seven companies involved pyramid schemes following recent fraud cases.

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Millions of Vietnamese involved in pyramid-scheme business

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VietnamNet English 9 month(s) ago

Millions of Vietnamese involved in pyramid-scheme business

VietNamNet Bridge - After nearly 20 years in Vietnam, a pyramid-scheme business has attracted millions of people. Up to 90% of products are dietary supplements.

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Executives arrested for pyramid scheme

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VietnamNet English 10 month(s) ago 1 related news

Executives arrested for pyramid scheme

The Ministry of Public Security investigation police have arrested seven members of multi level marketing firm Lien Ket Viet for alleged fraudulent appropriation of assets in an apparent pyramid scheme.

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MoIT seeks to unlock overseas markets

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VOV News English 12 month(s) ago

MoIT seeks to unlock overseas markets

(VOV) - Vietnamese products are increasingly being showcased at Lotte Mart shopping centres across the Republic of Korea (RoK) as part of an initiative by the Ministry of Industry and Trade (MoIT) to stimulate retail sales in the East Asian market.

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