Gov’t: overturn online business limits
The Ministry of Justice on October 3 proposed eliminating a ban on business services offered online or via communication networks without getting prior permission. Reporting to the National Assembly Standing Committee, which kicked off its fourth meeting session in the morning of October 3, Justice Minister Lê Thành Long said that the Government decided to eliminate Article 292 three months after it stirred up debate in the media and generated criticism from the business sector, especially the start-up community. Violation of the current law carries a fine of up to US$222,200 and five years in prison. The MoJ’s proposal faces opposition from the National Assembly’s Ombudsman Commission, which fears that multi-level marketing business models – known as “pyramid schemes” – would spread in the countryside.
