Herbalife Vietnam, a multi-level marketing firm in the supplements space, has been fined VND 205 million or US$8,063 for range of violations including: a lack of proper training of new signees, a lack of qualified trainers, and a failure to properly report on its activities.
Herbalife Vietnam, however, was not alone with Vietnamnet noting that Vietnam Link Group and Perfect Global, two other multi-level marketing firms had also been fined for similar violation.
Of interest, at the same time as these revelations were reported, Doanh Nghiep Hoi Nhap, reported the company is sponsoring new years celebrations in Hanoi. It’s not clear if this is connected to the aforementioned fines but it would not be surprising if it is.
Of note, Vietnam’s supplements market has experience huge growth in recent years as a burgeoning middle class becomes ever more health conscious.
See also: Supplements Market in Vietnam