Regarding these 12 enterprises, the Hai Duong Provincial Department of Industry and Trade shared that currently, only TNHH Thien Su Vietnam Company has its head office in Hai Duong.
Annual revenue from multi-level businesses in Hai Duong exceeds VND 500 billion
The remaining 10 companies have representative offices in Hai Duong, including Herbalife Vietnam One-Member LLC (Binh Han Ward), AmWay Vietnam (Quang Trung Ward), Nu Skin Enterprises Vietnam (Tran Phu Ward), Seacret (Ngoc Chau Ward), Elken In (Hai Tan Ward), Kyowon The Orm Vietnam (Ngoc Chau Ward) (all in Hai Duong City), Gcop Vietnam (Le Ninh, Kinh Mon), Oriflame Vietnam (Thanh Giang, Thanh Mien), and Joint Stock Company Vietnam Link Group (Le Thanh Nghi Ward, Hai Duong City). These enterprises are headquartered in Ho Chi Minh City, Hanoi, and Binh Duong. In the same period last year, most multi-level marketing companies in Hai Duong did not have representative offices in the locality.
Meanwhile, Unicity Marketing Vietnam Co., Ltd. is headquartered in Ho Chi Minh City but currently has no branches or representative offices in Hai Duong.
Multi-level marketing is a business model that utilizes a network of participants consisting of multiple levels and branches. Multi-level marketing businesses must meet the conditions and operate within the legal framework.
According to the Hai Duong Department of Industry and Trade, the multi-level marketing companies operating in Hai Duong mainly deal in functional foods, cosmetics, and household goods. The annual revenue from these multi-level marketing companies in Hai Duong exceeds VND 500 billion.
According to Decree No. 18/2023/ND-CP dated April 28, 2023, amending and supplementing a number of articles of Decree No. 40/ND-CP dated March 12, 2018, on managing multi-level marketing activities, to be confirmed for selling goods in the locality, enterprises must meet one of the four following criteria: Have a head office, branch, or representative office in the locality; for enterprises without a head office, branch, representative office, or business location in the locality, they must appoint a liaison person in the locality, and this liaison must be trained, undergo a knowledge test, and be granted a certificate of knowledge confirmation by the Ministry of Industry and Trade to act as a liaison for the enterprise.
Billionaire Tran Dinh Long gives a gift worth over 300 billion VND to his hometown.
In Hai Duong, Hoa Phat Corporation, led by Mr. Tran Dinh Long, is the investor and operator of the Hoa Phat Steel Complex in Kinh Mon town. The complex has an annual production capacity of 2.5 million tons of construction steel and high-quality steel.
Land-scarce province to have 750 billion VND industrial cluster near the most advanced highway in the North
A new industrial cluster project covering an area of 61.8 hectares and with a total investment of over VND 750 billion is being welcomed in the Northern key economic region.
Vietnam Businesses Thriving and Growing Strong in 2024
From the momentum gained in 2023, entering into 2024, the Vietnamese business community is experiencing strong motivation and a spirit of growth.
Hai Duong: Fines imposed on businesses for occupying nearly 10,000m2 of land in the urban area for constructing a sports center
Thành Đông Real Estate Investment Joint Stock Company has been fined 400 million VND for illegally occupying approximately 8,783.0 square meters of non-agricultural land in the newly developed area in the South of Hai Duong city to construct the Liên Hồng Sports Center without completing the land leasing procedure.
