Post on 11-Jul-2020
SEACRET VIETNAM
BUSINESS GUIDE FOR FOREIGN LEADERS
Introduction
Welcome to Seacert Vietnam. Being a complex business
environment, Vietnam has many regulations to understand and
obey. This guideline is crucial for your success of business in Vietnam.
Pay special attention to instructions of this publication to discover
how to start business in Vietnam as foreign leaders. Read MLM
regulations and find helpful business information.
Contents
A : INTRODUCTION TO VIETNAMESE MARKET
A1. Welcome to Seacret Vietnam 04
A2. Company Information 04
A3. Overview of Vietnam 04
A4. Vietnam MLM market Brief 04
B : MLM REGULATIONS
B1. Decree 40: 5 Key Highlights 06
C : BUSINESS INFORMATION
C1. Enrollment Procedure 08
C2. Product Order and Payment 08
C3. Product Shipping 09
C4. Return and Refund 09
C5. Basic Training Program 09
C6. Seacret Agent Card 10
C7. Meetings and Events 10
C8. Ethical Standards 1 1
C9. Compensation Plan 12© 2020 Seacret Direct, LLC. ALL Rights Reserved
3
INTRODUCTIONTOVIETNAMESEMARKETA1. Welcome to Seacret Vietnam
A2. Company Information
A3. Overview of Vietnam
A4. Vietnam MLM market Brief
04A: INTRODUCTION TO VIETNAMESE MARKET
Seacret has been working on Vietnamese market for over 3 years. Due to the
change of government’s regulations for several years, we have been working
together with the government to complete our compliances for the MLM license.
Finally, we get it approved to start Seacret business in Vietnam. Please refer to our
brief company information.
•Company Name: Seacret Company Limited•Address: Room 21, Floor 23, A&B Tower, 76A Le Lai, Ben Thanh Ward, District 01,
Ho Chi Minh City, Vietnam
•Customer Service Phone: +84 (028) 7300-7566
•Customer Service Email: gopy@seacret-vietnam.vn
•Office Hours: 8:30 - 17:30 (Mon - Fri), 8:30 -12:30 (Sat)
•Homepage: www.seacret-vietnam.vn
Hello, Seacret Agent foreign leaders! You will find great business opportunities
at Seacret Vietnam. We are here to support you to build your business, and that
is why we are presenting this Business Guide. Read it over to get your successful
business started.
•Socialist Republic of Vietnam
•Population: 96.4 million (2018)
•Provinces and Cities: 63
•5 Big Cities: Hanoi (north) – Capital of Vietnam, Ho Chi Minh (south) – the largest
commercial center, Da Nang (central), Hai Phong (north), Can Tho (south)
•Average annual Income: US$2,200-2,500
•National language: Vietnamese
•Currency: đồng (₫) (VND)
•GDP growth: 7.08 % in 2018 / 6.8 % in 2017
•�Vietnam had many challenges within network marketing industry, and these
challenges occurred by lack of regulations and improper practices from the
MLM companies. As a result, the government decided to be more involved in
enforcing those regulations in the market.
•�The improper practices are as follows; misrepresenting, income plan, product
claim, pyramid scheme, cross recruiting, and other factors considered improper
practices.
•�This challenge has created the turmoil in the industry, leading the government
to minimize the MLM companies from 102 to 23.
•�These improper practices brought about establishment of Decree 40 to regulate
the company standards and prevent reoccurrence of misconduct business.
•�Now the government decides to address the issues by creating new Decree 40
consisting of all we need to know about Network Marketing. There is Decree 40:
5 Key highlights in the MLM Regulations.
A1. Welcome to Seacret Vietnam A3. Overview of Vietnam
A4. Vietnam MLM market Brief
A2. Company Information
05
MLMREGULATIONSB1. Decree 40: 5 Key Highlights
06B: MLM REGULATIONS
In order to participate in MLM business and activities in Vietnam,
MLM participants must obey the MLM regulations and Decree 40.
Please read 5 Key Highlights of Decree 40 carefully before starting
Seacret business in Vietnam.
■Article 5. Prohibited acts in MLM activities•�Request other people to deposit or pay a certain amount of money or
buy a certain quantity of goods to sign MLM contract
•�Organize seminars, conferences and training courses on MLM business
without getting written authorization from MLM companies
•�Conduct MLM activities in localities where the MLM company has not
yet been granted the certification of registration of MLM activities by
these local authorities.
■Article 26. Announcement of MLM conferences, seminars and training•�MLM companies may only organize MLM conferences, seminars and
training courses in provinces and central cities where companies have
been granted the certification of registration of MLM activities.
•�In case of MLM conferences, seminars, training attended from 10 MLM
agents or from 30 people, the company is responsible for notifying the
case, before implementation, to Department of Industry and Trade of
provinces and central cities.
■Article 31. Basic training program•�Basic training program is compulsory for MLM participants.
•�Training contents include Law on multi-level selling, Ethical standards,
the MLM contract, Code of Conduct, Compensation plan.
•�The minimum training duration is 8 hours.
■Article 47. Return and repurchase of goods•�MLM participants have the right to return goods purchased from MLM
companies, including goods purchased under the promotion program,
within 30 days from the date of receipt.
•�In case of MLM contract terminating, MLM companies shall buy back
goods sold to MLM participants.
•�Within 30 days after MLM participants request to return valid goods,
MLM companies shall have to buy back goods qualifying the conditions.
The refund amount agreed with the MLM participants but not less than
90% of the amount that the MLM participant had paid to receive such
goods.
■Article 48. Commissions, bonuses and other economic benefits•�The total value of commissions, bonuses and other economic benefits,
including benefits earned under the promotion program, paid to MLM
participants in a year converted into money must not exceed 40% of
MLM revenue in that year of the MLM company.
•�MLM companies are required to pay commissions, bonuses, promotions
and other economic benefits to MLM participants in the form of bank
transfer.
B1. Decree 40: 5 Key Highlights
07
BUSINESSINFORMATIONC1. Enrollment Procedure
C2. Product Order and Payment
C3. Product Shipping
C4. Return and Refund
C5. Basic Training Program
C6. Seacret Agent Card
C7. Meetings and Events
C8. Ethical Standards
C9. Compensation Plan
08C: BUSINESS INFORMATION
In order to conduct business in Seacret, the following guideline is
a prerequisite.■Walk-in Orders (coming soon)•Agent visits Seacret Vietnam’s offices or branches
•�Agent takes the order number, filling in Agent's information (name,
Agent ID, etc.) and information on products to be purchased, quantity,
unit price, amount, etc. on the order.
■Phone-in Orders (coming soon)•�Agent calls Seacret Services department at (028) 73007566 to order.
Agents need to reveal their Agent name, product number, product to
be purchased and quantity to Service staff.
■Email Orders (coming soon)•�Agent sends the content of the order according to the pre-designed
form (including name, Agent ID, product to be purchased, quantity, unit
price, amount, etc.) to the email address gopy@seacret-vietnam.vn to
order.
■Online Orders (Now available)•�Agent visits Seacret Vietnam’s website www.seacret-vietnam.vn
•�Agent needs to log in with the username and password provided by
Seacret Vietnam to Agent when Agent signed a contract with Seacret
Vietnam to enter the order page.** Online order is available for Agent who completed submission of all required documents
for registration.
■Qualifications: Register as a Seacret Agent
< Both Foreign and Vietnamese citizens>•Vietnamese citizens over 18 years of age with a valid Vietnamese ID card.
•Foreign Citizens over 18 years of age with a valid work permit
•Valid bank account in local banks or foreign banks located in Vietnam
•Pass the basic training program (only available in the Vietnamese language)
•Sign the commitment Form (Form 13 Decree 40).
< Prohibited >•Officials and government employees are not allowed to do Seacret
business
■How to enroll•Visit Seacret Vietnam’s Offices - coming soon
•Visit Homepage www.seacret-vietnam.vn
■Required documents •Certified “true copy” of National ID card (Vietnamese)
•�Certified “true copy” of valid work permit, Temporary Residence Card
and Passport (Foreigner).
•�1 portrait picture 3x4 (1 portrait picture 3x4 of spouse if spouse is also
included in the contract) – Both Foreign and Vietnamese citizens
C1. Enrollment Procedure
C2. Product Order and Payment
09C: BUSINESS INFORMATION
■Shipping fees •To be confirmed.
■Shipping hours
•�Orders in Ho Chi Minh City and Ha Noi City will be delivered within 1-2
working days from the time Agent transfers money to the order.
•�Orders in other Cities and Provinces will be delivered within 3-5 working
days from the time Agent transfers money to the order.
•�Orders in remote Provinces will be delivered within 5-7 working days
from the time Agent transfers money to the order
•�Time required for the shipping above is subject to change depending
on the circumstances of carrier or our company.
C3. Product Shipping
< Both Foreign and Vietnamese citizens >■�After Agent signs MLM Contract, Agent must complete 8-hour-long
Basic Training Program (Online or Offline) by Seacret Vietnam•�Place and time will be announced to Agent for offline basic training.
•�Agent must register his / her Name and Agent ID at the registration
area before entering the course.
■End of Basic Training Program•�Agent must have 14 correct answers out of 20 questions of multiple-
choice test of 30 minutes to pass the program.
C5. Basic Training Program
■Conditions for Returnable products:
•�Unused products
•�Products with intact packaging, stamps and labels
•�Requests for return of products shall be made within 30 days from the
date Agent receives the products;
•�Accompany the invoice to buy the required number of returned products.
■Return Process. •�In case Agent is eligible to return the products: Seacret shall make an
appointment to work with Agent, check the actual status of the products
and the purchase invoice, and take back the products from Agent.
■Refund Process•�Within 30 days from the date of Agent's request to return the products
properly, depending on the case of the purchase of products, based
on the status of the products as well as the actual situation of Agent,
Seacret proceeds Refund to Agent as stipulated by Decree 40.
C4. Return and Refund
10C: BUSINESS INFORMATION
■Register as a Speaker in Seacret corporate events (Product training)
< Foreign citizens >•�Valid passport
•�Approved by Department of External Relations under Ministry of
Foreign Affairs in Vietnam.
•�Hold professional degrees (Doctor, medicine, chemistry, pharmacy
degrees)
•�Notary/Apostil of professional degrees.
•�Invited by Seacret Vietnam
< Vietnamese citizens >•�Hold professional degrees (Doctor, medicine, chemistry, pharmacy
degrees)
•�Notary/Apostil of professional degrees.
•�Invited by Seacret Vietnam
■Attend Meetings downline / upline
< Both Foreign and Vietnamese citizens >
As Decree 40, it’s required to register with local DOIT (Department of
Industry and Trade) for meetings attended from 10 MLM agents or from
30 people
•�Prior written approval from Seacret Vietnam (including meeting’s
contents)
•�Event shall be approved by local DOIT in advance.
•�Other legal documents as stipulated by current Vietnamese laws /
regulations.
•�Seacret Vietnam’s staff members may attend and record these events.
< Both Foreign and Vietnamese citizens>■Qualification to Seacret Agent Card•�Agent who has passed the Basic Training Program and signed the
Form No. 13.
■The process of issuing Seacret Agent Card:•�The time for issuing an Agent Card is within 30 working days from the
day the Distributor signs the Commitment Form No. 13
•�Seacret Agent Card will be sent to Agents by post or Agent also can
receive directly at Seacret Vietnam's offices/ branches.
C6. Seacret Agent Card
■Register as a Speaker in Seacret corporate events (General training)
< Foreign citizens >•�Valid passport
•�Approved by Department of External Relations under Ministry of
Foreign Affairs in Vietnam.
•�Invited by Seacret Vietnam
< Vietnamese citizens >•�Invited by Seacret Vietnam
C7. Meetings and Events
11C: BUSINESS INFORMATION
■Attend Trainings with downlines/upline
< Both Foreign and Vietnamese citizens>
As Decree 40, it’s required to register with local DOIT (Department of
Industry and Trade) for trainings attended from 10 MLM agents or from
30 people
•�Prior written approval from Seacret Vietnam (including meeting’s
contents)
•�Event shall be approved by local DOIT in advance.
•�Training materials must be approved by Seacret Vietnam (should be
aligned with training materials registered with VCA)
•�Other legal documents as stipulated by current Vietnamese laws/
regulations.
•�Seacret Vietnam’s staff members may attend and recording these
events.
■Retailing activities•�Agents must present Seacret Agent Card before introducing or selling
products to customers, ordering products at Seacret Offices and
branches.
•�Agents are not allowed to enroll or invest in multiple Agent ID, if any
fraud is found, Seacret shall deny payment of bonus to Agents and
MLM Contract will be terminated.
•�Agents must properly describe the products and Compensation Plan
provided by Seacret. Agents are strictly prohibited from overclaiming or
doing wrong promotion on the products.
■Conduct your business•�Do not use Seacret's network to market or trade products of other
companies.
•�Do not sell, introduce, display Seacret products at any retail outlet.
•�Do not organize seminars, customer conferences, product introduction,
training events without getting written authorization from Seacret.
•�Do not ask the participant to pay any fees in the name of the training
course, workshop, social activity or other activities.
•�Any advertising activity using the Seacret name, trademark or logo,
product images is not permitted in any form, by any means. Only
Seacret has the right to carry out advertising activities. Violation of this
advertising term may result in penalties and termination of the MLM
Contract at Seacret's discretion.
C8. Ethical Standards
12
Rank Volume (Left/Right)Upline and Downline Agents's Rank in the
Enroller Tree(Left/Right)
Bronze 2,000BV / 2,000BV
Silver 5,000BV / 5,000BV
Gold 10,000BV / 10,000BV Bronze / Bronze
Platinum 20,000BV / 20,000BV Silver / Silver
Ruby 40,000BV / 40,000BV Gold / Gold
Diamond 80,000BV / 80,000BV Platinum / Platinum
Blue Diamond 200,000BV / 200,000BV Ruby / Ruby
Red Diamond 400,000BV / 400,000BV Diamond / Diamond
Crown 800,000BV / 800,000BV Blue Diamond / Blue Diamond
Crown Royale 2,000,000BV / 2,000,000BV Red Diamond / Red Diamond
C: BUSINESS INFORMATION
■Bonus type•�There are 5 bonuses (Team commission, Leadership Check Match,
Fast Start Bonus, Rank Advancement and Drive Your Dream Bonus)
available
■To be Active•�60 BV within 4 consecutive weeks (Last 4 Weeks) from personal
purchases or 40BV with Auto-ship Program.
■Ranks in Vietnamese system•�There are 10 Ranks: Bronze, Silver, Gold, Platinum, Ruby, Diamond, Blue
Diamond, Red Diamond, Crown and Crown Royale.
•�There is no Royal Rank **There is no Royal Rank
C9. Compensation Plan ■Bonus over 40% Adjustments•�As local regulation, the total value of commissions, bonuses and other
economic benefits paid to Agents in a year converted into money
must not exceed 40% of MLM revenue in that year. Notice that your
bonus should be deducted in weekly payments if company-wise actual
accumulated bonus amount is greater than 40%. The accordingly
adjusted amounts will be advised to Agents and will be based on the
incremental percentage vs. 40%. Same treatment is applied to all
Agents without exception.
•�The adjusted balances are valid only until the end of fiscal year and not
carried forward to next year.
■Team Commission Bonus•Qualifications: Active Agent, Qualified
•Rules:
- A Team Commission Bonus is paid when the 2 teams accumulate a
minimum of 500 CV lesser-volume team and 1,000 CV greater-volume team
- To calculate the amount of the bonus to be paid, Total the lesser volume
deducted and multiply by 10% or 15% as the following conditions
▶ 10% - applied to Agents without achievement of Bronze or higher Rank
▶ 15% - applied to Bronze and Above agent (Paid Rank)
- The max. payout for this bonus is VND 575,000,000. Any volume over
this threshold will not be deducted and will be carried forward to the
next pay period.
- Any unmatched commissionable volume in a weekly pay period will
be carried forward to the next pay period. The max. Carry Forward
Volume is 1,000,000 CV/Leg.
13
Rank 1st Generation 2nd Generation 3rd Generation 4th Generation
Bronze 20%
Silver 20% 10%
Gold 20% 10%
Platinum 20% 10% 10%
Ruby 20% 10% 10%
Diamond 20% 10% 10% 10%
Blue Diamond 20% 10% 10% 10%
Red Diamond 20% 10% 10% 10%
Crown 20% 10% 10% 10%
Crown Royale 20% 10% 10% 10%
Agent Join 1st week 2nd week 3rd week 4th week 5th week FSB
A
Joined ★ ★★ ★ ★
BronzeAchieved
VND 2,300,000x5= VND 11,500,000
B
Joined ★ ★ ★
BronzeAchieved
VND 0
C
Joined ★ ★
BronzeAchieved
★
VND 2,300,000x2= VND 4,600,000
■Leadership Check Match Bonus•Qualifications: Active Agent, Qualified, Paid Rank Bronze or higher.
•Rules:
This bonus is calculated as a percentage of the Team Commission Bonus
of Paid Rank as Bronze or Higher Agents as the following conditions:
▶ From Bronze to Diamond Agents: Leadership Check Match Bonus cannot
be greater than the individual Team Commission Bonus of that agent
▶ From Blue Diamond and above: Agent can earn unlimited Leadership
Check Match Bonus
•�The Agent’s Paid Rank will determine how many generations they will
be paid on.
■Fast Start Bonus •�Qualifications: Active Agent, Qualified and must achieve Bronze Agent
within first 5 weeks of enrollment (week of enrollment +4)
•�Agents will receive a bonus of VND 2,300,000 for each 1,000 BV package
newly purchased by personally enrolled agents until the agent achieve
Bronze and above rank and these downline agents must be enrolled as
Seacret Agents by Agent who is qualified for this Bonus.
★ - 1000BV package purchase by personally enrolled agent
( only 1time 1000BV package purchase per personally enrolled agent
will be counted)
C: BUSINESS INFORMATION
14
Rank Advancement Bonus
Rank BV per one week for each leg Bonus* (VND)
Bronze 2000 2,800,000
Silver 5000 11,500,000
Gold 10,000 23,000,000
Platinum 20,000 69,000,000
Ruby 40,000 115,000,000
Diamond 80,000 184,000,000
Blue Diamond 200,000 1,150,000,000
Red Diamond 400,000 3,450,000,000
Crown 800,000 6,900,000,000
Crown Royal 2,000,000 23,000,000,000
■Rank Advancement Bonus •�Qualifications: Active Agent, Qualified
•�When you achieve the rank of Bronze Agent, you will be eligible for the
first of many Rank Advancement Bonuses. Each time you advance, your
bonus becomes larger.
•�Rank advancement bonus paid only once for each rank.
•�Close a pay week with the requirements of the next rank.
C: BUSINESS INFORMATION
Rank advancement Bonus Installments
Rank Total Installment 1 Installment 2 Installment 3
Bronze 2,800,000 2,800,000
Silver 11,500,000 11,500,000
Gold 23,000,000 23,000,000
Platinum 69,000,000 34,500,000 34,500,000
Ruby 115,000,000 57,500,000 57,500,000
Diamond 184,000,000 92,000,000 92,000,000
Blue Diamond 1,150,000,000 460,000,000 345,000,000 345,000,000
Red Diamond 3,450,000,000 1,380,000,000 1,035,000,000 1,035,000,000
Crown 6,900,000,000 2,760,000,000 2,070,000,000 2,070,000,000
Crown Royal 23,000,000,000 9,200,000,000 6,900,000,000 6,900,000,000
▶ Installment 1: paid in the week the rank is achieved.
▶ Installment 2: paid up to 14 weeks from rank achieved.
▶ Installment 3: paid up to 14 weeks from rank achieved.
15C: BUSINESS INFORMATION
■Drive Your Dream Bonus (DYD Bonus) •�At Seacret, we reward Silver and higher Agents with a DYD Bonus every
4 weeks (current week + 3 weeks) that can be used towards anything
that drives their dreams.
•�DYD Bonus will be paid on the week of eligibility.
▶ Requirements for DYD Bonus:
· Be an Active and Qualified Seacret Agent.
· Be paid rank Silver or higher.
· Maintain Silver or higher rank for 4 consecutive weeks in a rolling
4weeks cycle.
Rank Bonus
Silver 13,800,000
Gold 18,400,000
Platinum 27,600,000
Ruby 32,200,000
Diamond 36,800,000
Blue diamond 46,000,000
Red diamond 69,000,000
Crown 92,000,000
Crown Royale 138,000,000
SEACRET VIETNAM
BUSINESS GUIDE FOR FOREIGN LEADERS