Vietnamese have avoided multi-level marketing as though it were the plague, and for fair reason.

The Hà Nội investigative police arrested and commenced  criminal proceedings against four heads of the Thăng Long multilevel marketing company on Wednesday for alleged fraudulent appropriation of assets.

Lawmakers spent a lot of time debating the age of responsibility for various crimes, including deliberately injuring people, rape and kidnapping when discussing amendments to the 2015 Penal Code at the ongoing third session of the 14th National Assembly (NA) yesterday.

Seven members of the multi-level marketing firm Liên Kết Việt have been indicted by the Hà Nội investigave police division for alleged fraudulent appropriation of assets.

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

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

Việt Nam’s Competition Authority has revoked the licence of multi-level marketing firm Việt Nam Consumer Alliance Joint-Stock Company (VietNet JSC) and slapped it with a fine of VNĐ409.5 million (US$18,350).

The Ministry of Justice (MoJ) yesterday proposed eliminating a ban on business services offered online or via communication networks without getting prior permission.

Phúc Gia Bảo 868’s vice director-general was arrested yesterday for his involvement in the company’s fraudulent appropriation of VNĐ300 billion (US$13.3 million) from its customers.

Investigative police unit under the Ministry of Public Security has prosecuted and put in custody Nguyễn Thế Anh, former general director of Phúc Gia Bảo 868 Company for alleged fraudulent appropriation of assets in an apparent pyramid scheme.