A MULTI-LEVEL MARKETING PARTICIPANT MAY RETURN GOODS WITHIN 30 DAYS FROM THE DATE OF RECEIPT
On March 12, 2018, the Government issued the Decree No. 40/2018/ND-CP on the management of multi-level marketing activities.
Accordingly, a multi-level marketing participant may return goods he/she has purchased from a multi-level marketing enterprise, including also goods purchased under a sales promotion program, within 30 days from the date of receipt.
The total value of monetized commissions, bonuses and other economic benefits, including benefits earned under sales promotion programs payable by a multi-level marketing enterprise to its multi-level marketing participants in a year must not exceed 40% of multi-level marketing sales in that year of such enterprise.
A multi-level marketing enterprise shall open an escrow account to deposit a money amount equal to 5% of its charter capital, which, however, must not be lower than VND 10 (ten) billion, at a commercial bank or foreign bank branch in Vietnam. An escrow account shall be blocked by the bank throughout the operation of an enterprise.
This Decree takes effect on May 02, 2018.
Particularly, step-by-step reduce logistics costs arising in the national economy to approximately 18% of GDP (currently more than 20% of GDP); such as relieving congestion occurring at seaports and airports, especially Cat Lai port and Tan Son Nhat international airport, etc. to reduce petrol costs and improve turnaround time. Relieve traffic congestions on roads to Cai Mep and Thi Vai.
granting citizens of 12 countries already exempted from visa (Russia, UK, France, Germany, Spain, Italia, Sweden, Denmark, Norway, Finland, South Korea, Japan..) an extension of the duration of visa waiver from 15 days to 30 days to match the time length of trans-Viet tours and the number of tourist’s holidays; adding several countries exempted from visitor visa requirements (Possibly including Canada, Australia, New Zealand, Switzerland and Netherlands, etc...)
