The Department of Industry and Trade of Bac Ninh province has just issued an official dispatch on terminating the multi-level sales activities and requested to withdraw the deposit of Toan Thang Francophone Company Limited.
Previously, on July 16, 2025, the Department of Industry and Trade received Official Letter No. 270/CT-DC from the National Competition Commission announcing the termination of multi-level sales activities and requesting to withdraw deposits of Toan Thang Francophone Company Limited.
Reason: The company has stopped multi-level sales activities since August 2020, the Ministry of Industry and Trade revoked the Certificate of registration for multi-level sales activities.
In case the Company has not fulfilled its responsibilities in Clause 2, Article 17, Decree No. 40/2018/ND-CP dated March 12, 2018 and Decree No. 18/2023/ND-CP dated April 28, 2023 of the Government. The individuals and units are requested to contact the National Competition Commission for consideration and request the Company to resolve the matter according to regulations.
The Department of Industry and Trade of Bac Ninh province announced the termination of multi-level sales activities and proposed to withdraw the deposit of Toan Thang Francophone Company Limited.
Toan Thang Francophone Company Limited was established in 2015, with its main business line being retail of food in specialized stores, including functional foods, milk and dairy products, candy, etc.
At the Conference to summarize the management of multi-level sales activities in 2024 held last May, the National Competition Commission (Ministry of Industry and Trade) said that the number of enterprises with certificates of registration for multi-level sales activities has decreased sharply, to only 16 units.
Notably, the total revenue of the multi-level sales industry in 2024 will reach about VND16,206 billion, down nearly 4% compared to 2023.
Along with that, the number of people participating in multi-level sales activities decreased by 9%, to 695,778 people, reflecting the difficulties and decreased confidence from participants and consumers in this sales model.
It is worth mentioning that there are still some businesses that have not fully complied with legal regulations, leading to negative behaviors in multi-level sales activities. These violations not only affect the reputation of the industry but also make consumers and the social community suspicious and lack confidence in this business model.
