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Explore MLM Potential Opportunity in Vietnam .
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Transcript of Explore MLM Potential Opportunity in Vietnam .
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Explore MLM Potential Opportunity in Vietnam
www.vinamlm.com
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The Socialist Republic of Vietnam
Mainland Territory: 331,114 sq. km. (127,243 sq. mi.)Population: 90,549,390 (July 2011 est.)National Capital: HanoiLying on the eastern part of the Indochinese peninsula, Vietnam is a strip of land shaped like the letter “S”.
Total Length: 1,650KMWidth North: 600kmMiddle: 50KmSouth: 400KmCoastline: 3,230km long
Vietnam is also a transport junction from the Indian Ocean to the Pacific Ocean.
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Vietnam Government
President-- Truong Tan Sang Prime Minister--Nguyen Tan Dung
National Assembly Chairman--Nguyen Sinh Hung Minister of Foreign Affairs--Pham Binh Minh
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Ethnic groups in Vietnam
Kinh 85.7%
Tay 1.89%
Thay 1.8%
Muoang 1.47%
Hmong 1.24%Khmer1.46%
Nung 1.12%
Chinese 0.95%
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Religions in Vietnam
Catholicism (8%-10%)
Buddhism (approx. 50%), Cao Dai (1.5%-3%),
Islam (0.1%),
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Vietnam Currency Exchange
Vietnam Dong versus:(unit of 100,000)
American Dollars: 5USD
Singapore Dollars: S$6
Malaysia Ringgit: Rm14
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Vietnam GDP Growth Rate
The Gross Domestic Product (GDP) in Vietnam expanded 6.1 percent in the fourth quarter of 2011 over the same quarter, previous year. Historically, from 2000 until 2011, Vietnam's average quarterly GDP Growth was 6.61 percent reaching an historical high of 8.46 percent in December of 2007 Vietnam is a developing economy in the Southeast Asia. In recent years the nation has been rising as a leading agricultural exporter and an attractive foreign investment destination. Vietnam's key products are: rice, cashew nuts, black pepper, coffee, tea, fishery products and rubber. Manufacturing, information technology and high-tech industries constitute a fast growing part of the economy. Vietnam is also one of the largest oil producers in the region
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CEO: 17-20 million vndProfessional: 9.2 -15 million vndBanking Officer: 7.6 – 10 million vndPharmacy: 6-8 million vndFood and Textile industry labour worker: 2-4 millionSecretary: 2-4 million vnd
Approximate average income from States owned companiesOfficer and employee : 1/3 to 1/5 wages of private sectors hold position.
Average Income from Private Sector
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2 Biggest Cities for MLM Market in
Vietnam
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Hanoi
6.472
million People
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Ho Chi Minh City11.163
million People
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Law on Investment No. 59/2005/QH11 dated 29 November 2005 (“Investment Law”);
Law on Enterprises No. 60/2005/QH11 dated 29 November 2005 (“Enterprise Law”);
Law on Competition dated 3 December 2004 (“Competition Law”)
Currently all foreign invested projects in Vietnam are governed by the following main legal regulations:
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Decree 88/2006/ND-CP dated 29 August 2006 guiding the Enterprise Law (“Decree 88”);
Decree 108/2006/ND-CP dated 22
September 2006 guiding the Investment Law (“Decree 108”);
Decree 110/2005/ND-CP dated 24 August 2005 providing on management of multi-level selling activities (“Decree 110”);
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Decision 10/2007/QD-BTM dated 21 May 2007 issued by the Ministry of Trade (now the Ministry of Industry and Trade – “MOIT”) announcing the roadmap of activities of purchase and sale of goods and activities directly related to purchase and sale of goods (“Decision 10”);
Decree 23/2007/ND-CP dated 12 February 2007 providing regulations for implementation of the Commercial Law regarding purchase and sale of goods and activities directly related to the purchase and sale of goods by enterprises with foreign owned capital in Vietnam (“Decree 23”);
1st,September 2009 allow 100 % Foreigner own
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And Commitments Vietnam made upon its accession.
the WTO (“WTO Commitment”).
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Understand Network Marketing Potential in Vietnam
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1998 –
MLM Business Start in Vietnam
2004-
about 20 companies sell Health care and Beauty care Products in Vietnam
2005-
Decree 110 took effect
* legal framework form to protect true companies and distributors
* Administration of multi-level selling activities.
in
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October, 2009, Vietnam Multi-level Marketing Association was established
Appointed Truong Thi Nhi (General Director of Forever Living Products Vietnam as president
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In 2011, for many reasons, multi-level marketing broke out
powerful and created a wave in Vietnam
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2011
Ministry of Industry and Trade, Vietnam
Announce 63 enterprises are granted registration of Multi-level Marketing License.
Hanoi : 30
Ho Chi Minh City : 29
Dong Nai province: 02
Binh Duong province : 01
Hai Duong province: 02
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Some 100% Owned MLM companies in Vietnam
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100% Owned MLM Companies in Vietnam
Tiens Avon
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100% Owned MLM Companies in Vietnam
Amway Synergy Vietnam
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100% Owned MLM Companies in Vietnam
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There are only 700,000 Network Distributors in Vietnam today
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Tax Collected in Vietnam
2010
Tax Paid to Government 412, 288 Billion Vietnam Dong
(Around 20 Million USD Dollar)
Revenue not tax: 2,663,869 Billion Vietnam dong
( 133 Million USD Dollar)
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In 2010, Multi-level Marketing
got 2252 billion profit,(113 Million USD)
Increased 4 times compared with 614 billion
(31 Million USD) the 4 previous years.
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•MLS Application•Setting-up MLS Company•Product License Application•Safety and Hygiene Certificate
www.taphalaw.com
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Explore MLM Potential Opportunity in Vietnam
www.vinamlm.com