Recent cases of fraud to misappropriate people’s property have caused public concern in sectors including finance, banking, real estate, multi-level trading and e-commerce, with cyber fraud in particular on the rise.

The Department of Competition and Consumer Protection under the Ministry of Industry and Trade (MoIT) has warned against the unlicenced multi-level sales of Atomy products by organisations and individuals.

The Ministry of Industry and Trade has decided to set up an inspection team to supervise the operation of the multi-level marketing activities of Nhã Khắc Lâm Co, Ltd.

The first question and answer session of the 14th National Assembly (NA) started with a focus on the parliament’s monitoring of the handling of petitions that voters sent to the 11th session of the 13th NA.

Việt Nam Competition Authority (VCA) has warned of fraud related to the trading of virtual currency and raising funds through a multi-level practice.

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade’s Competitive Management Department said.