The deposit will have interest and interest rate will be negotiated by businesses and banks in accordance with regulations on reward rates for the Vietnamese dong by the State Bank of Vietnam in each period.
The deposit aims to ensure that MLM businesses will conduct their obligations to their employees and the State.
Article 1 in the Government’s Decree 40 stipulates that deposit will be used in case that MLM businesses stop operation without fully implementing their duties, businesses stop operation without abiding by decisions penalizing violations in network marketing activities by authorized agencies.
In case the deposited amount of businesses is insufficient to make payment as per requirement in writing by the Ministry of Industry and Trade, banks receiving deposits must send an announcement to the ministry and handle according to the text feedback from the ministry.
