Multi-level marketing firms’ revenues rise despite fewer participants

There were 24 multi-level sales companies for whom more than 1.1 million worked, according to figures released by the Competition and Consumer Protection Department under the Ministry of Industry and Trade. Half of them managed to achieve sales and received commissions.

The companies’ revenues topped VND12.57 trillion ($542.5 million).

The department said new technologies would be used to exert greater regulatory control over multi-level marketing businesses from the licensing process onwards.

So far this year 21 companies have been issued multi-level marketing licenses, it added.