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Thai multi-level marketer loses license

Released at: 14:33, 02/06/2016

Thai multi-level marketer loses license

A facebook was considered to belong to Aim Star Network

Vietnam Competition Authority announces revocation of license for Aim Star Network Limited Vietnam.

by Hong Nhung - Hoang Bao

The Vietnam Competition Authority (VCA) at the Ministry of Industry and Trade has announced the termination of the license of multi-level marketing company Aim Star Network Limited Vietnam.

VCA also proposed Aim Star Network Vietnam return all deposits to agents.

For 30 days from the date of the announcement (on May 30), persons who joined Aim Star Network Vietnam have the right to notify VCA in order that it ask the company to return deposits.

VCA earlier said that some enterprises conducting multi-level marketing in certain cities and provinces have not yet completed registration procedures, and these will be identified and dealt with.

Eight of eleven unlicensed multi-level marketing companies in Hanoi are in Cau Giay district: Everrichs Global Co., Trade Merro JSC, Focus Vietnam International Trade JSC, Amkey Vietnam New Technology and International Trade, Lotus Vietnam Trade Development JSC, UNION Vietnam Investment and Development JSC, BigForest Co., and KDM Vietnam JSC.

The three others are Blue Ocean Global Investment, Thien Loc Phat International Trade and Investment, and Thien Phuong Vietnam JSC.

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