Multi-level marketing network found illegally operating in Vietnam
The Vietnam Competition and Consumer Protection Authority under the Ministry of Industry and Trade have warned people not to join a multi-level marketing network which has been found to be illegally-running in Vietnam.
The agency were recently informed about many individuals and organisations held meetings to introduce Greenleaf-branded clothes and cosmetic products made in China. They called on people to open accounts to develop business activities of the products through the website greenleafgroup.cn. They also promised attractive bonuses for people who did well.
According to the agency, the network has signals of multi-level marketing activities. The agency added that the network had not yet been licensed to operate in Vietnam.
The Vietnam Competition and Consumer Protection Authority have advised people not to join the network’s activities.
Under Vietnamese law, any individual and organisation participated in unlicensed multi-level marketing activities could be fined up to VND5 billion (USD217,391) or sentenced to five years in prison.
The agency were recently informed about many individuals and organisations held meetings to introduce Greenleaf-branded clothes and cosmetic products made in China. They called on people to open accounts to develop business activities of the products through the website greenleafgroup.cn. They also promised attractive bonuses for people who did well.
According to the agency, the network has signals of multi-level marketing activities. The agency added that the network had not yet been licensed to operate in Vietnam.
The Vietnam Competition and Consumer Protection Authority have advised people not to join the network’s activities.
Under Vietnamese law, any individual and organisation participated in unlicensed multi-level marketing activities could be fined up to VND5 billion (USD217,391) or sentenced to five years in prison.
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