The multi-level marketing business model is governed by the Law on Competition and Decree 110/2004/ND-CP, which were issued in late 2004. The government then issued Decree 42/2014/ND-CP replacing Decree 110. To improve the regulation and management of multi-level marketing enterprises, on March 12, 2018, the government issued Decree 40/2018/ND-CP, replacing Decree 42.
The decree ...
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