|
US firm optimistic about business in Vietnam
How Kam Chiong, Director of Amway Vietnam, a branch of US Amway, has expressed his confidence that the company will succeed in doing business in the country.
The director said on September 15 that his belief is well-grounded, as the local populous market has a large workforce with support from managing agencies and the legal system.
Mr How said direct selling became legal in Vietnam in 2005 following the promulgation of the Competition Law and he described Decree 06/2008/ND-CP issued by the Vietnamese government as “a strong legal foundation” for Amway’s operation in the country.
In October 2007, Amway Vietnam inaugurated a plant with production lines in the southern province of Dong Nai to ensure the quality of its products. This move has made Vietnam the second country in the world to have an Amway’s plant apart from the US.
Amway officially began operation in Vietnam in February with its headquarters, distribution and training centres located in Ho Chi Minh City.
The company plans to increase its portfolio from the current 15 types of products to 40 by the end of this year, said How Kam Chiong.
VOV
|
