explore mlm potential opportunity in vietnam vinamlm

Explore MLM Potential Opportunity in Vietnam

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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.

Vietnam Government

President-- Truong Tan Sang Prime Minister--Nguyen Tan Dung

National Assembly Chairman--Nguyen Sinh Hung Minister of Foreign Affairs--Pham Binh Minh

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%

Religions in Vietnam

Catholicism (8%-10%)

Buddhism (approx. 50%), Cao Dai (1.5%-3%),

Islam (0.1%),

Vietnam Currency Exchange

Vietnam Dong versus:(unit of 100,000)

American Dollars: 5USD

Singapore Dollars: S$6

Malaysia Ringgit: Rm14

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

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

2 Biggest Cities for MLM Market in

Vietnam

Hanoi

6.472

million People

Ho Chi Minh City11.163

million People

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:

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”);

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

And Commitments Vietnam made upon its accession.

the WTO (“WTO Commitment”).

Understand Network Marketing Potential in Vietnam

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

October, 2009, Vietnam Multi-level Marketing Association was established

Appointed Truong Thi Nhi (General Director of Forever Living Products Vietnam as president

In 2011, for many reasons, multi-level marketing broke out

powerful and created a wave in Vietnam

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

Some 100% Owned MLM companies in Vietnam

100% Owned MLM Companies in Vietnam

Tiens Avon

100% Owned MLM Companies in Vietnam

Amway Synergy Vietnam

100% Owned MLM Companies in Vietnam

There are only 700,000 Network Distributors in Vietnam today

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)

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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Explore MLM Potential Opportunity in Vietnam

www.vinamlm.com