Vietnam

VIETNAM

VIETNAM

COMPANY DETAILS

Amway Vietnam

21st Floor, Flemington Tower
Le Dai Hanh,
District 11
Ho Chi Minh City
Vietnam

Phone: 84-8-39529295
Fax: 84-8-39621649

www.amway2u.com (Public Website/MultiLingual)

vnhelpdesk@amway.com (Distributor Relations Email)

Opened February 2008

Plan Basics

Overview

Purchasing Products
All Distributors may purchase products directly from Amway Vietnam.

Bonus Payment
All Distributors eligible for a bonus will receive their bonuses directly from Amway Vietnam via a bank transfer to the Distributor's bank account by the 15th of each month. Bank Forms are available from the RDC. It is recommended that an account be set up with Vietcom Bank.

PV/BV Transfers
PV/BV transfers are not allowed.

Performance Schedule

PV Perf. Bonus Level
10000           21%
7000             18%
4000             15%
2400             12%
1200              9%
600                6%

PV/BV Ratio
The BV/PV ratio will be 1PV = 25,200 where 1 BV is equivalent to 1 VND as of March 2015.

Retail Margin
Retail margin for Amway products averages 15%.

Business Kit Purchasing
Business Kits may be purchased from a local sponsor or from Amway Vietnam

Business Kit Cost
250.000 VND (including VAT)

Sponsoring
Who Can Be an Amway Vietnam Distributor?

- An Individual Vietnamese Citizen
- Husband and wife partnership, both Vietnamese Citizens
- Applicant must be 18 years of age and above
- Applicant may NOT be a full time student
- Legal entity and any other types of partnership are not allowed
- Number two businesses are not allowed for Foreigners

Distributors may purchase a Business Kit with application from Amway and assist their prospect in completing the application. Applications may only be submitted at Office / Amway Regional Distribution Center (RDC) by Vietnamese Distributors. They may submit on behalf of their downline distributors with the appropriate document (copy of Vietnamese ID cards and 3 photos - 3/4 cm of Applicant/ 2 of spouse, if applicable). The new distributor will receive a permanent Amway ID card and may purchase products from Amway immediately.

Business Type
There are no other classifications of Distributor apart from the traditional Distributor.

Establish a Second Business

International Sponsoring
International sponsoring is always an option and an excellent means of expanding your business while avoiding many of the costs and complexities associated with establishing a second business. Please note: For those markets where foreigners are able to establish a second business, they must be the international sponsor of their second business in another country.

Vietnamese law prohibits the establishment of a number 2 businesses for foreigners, however, International Sponsoring is allowed in Vietnam.

Click the link below to display additional details on how to start a multiple business in this market.

Market Framework Requirements

Ordering

- Orders may be placed by fax, Amtel, website www.Amway2u.com
or at the Regional Distribution Center (RDC) in person.
- Products may only be picked up at the RDC in Ho Chi Minh, Hanoi, Hai Phong, Can Tho, Ca Mau, Da Nang, Vinh, Dong Nai. Pick up points are available in 33 provinces: Bac Kan, Bac Ninh, Ben Tre, Binh Phuoc, Binh Thuan, Cao Bang, Dak Lak, Dak Nong, Dien Bien, Ha Giang, Ha Nam, Ha Noi, Hoa Binh, Hung Yen, Lai Chau, Lam Dong, Lao Cai, Long An, Nam Dinh, Ninh Binh, Ninh Thuan, Phu Tho, Quang Ninh, Son La, Tay Ninh, Thai Binh, Thai Nguyen, Tien Giang, Tra Vinh, Tuyen Quang, Vinh Phuc, Vung Tau, Yen Bai. If the value of ordering is 2,000,000 VND above, Distributor can use pick up point service.

Payment Methods

- Cash (VND)
- Bank transfer
- POS
- Online payment via www.amway2u.com.vn

Returns/Refunds

Business Kit Refunds
Only unopened business kits (in saleable condition) within 30 days, with receipt, will be accepted. Refund will be VND 225,000 (VND 250,000 kit price less 10% handling fee).

Refunds for resignation of business are accepted during the first six months from Application date, for a refund of VND 42,000, paid by cash transfer to the Distributor's personal bank account.

Product Refunds
- For products with a manufacturing defect
- For excess product, unopened, saleable stock
- All returns must be accompanied with the tax invoice and packing list
Within 30 days

Access Information

- Amtel
- Amway2u.com: Distributor can access www.amway2u.com to order product and check their PV as well.

Receive Bonus Payment
Bonuses are paid directly from Amway to the Distributor's Vietnam bank account.

Banking requirements:
- Distributors are encouraged to set up bank account with Vietcombank, although other banks are accepted.
- Distributors will authorize Amway to credit bonus payment to the account by completing a Distributor Account Maintenance Form (available at RDC).
- A photocopy of bank card is submitted together with the Distributor Account Maintenance Form for verification purpose.

Renew

Cost/Timing:
Renewals are one year from the month of processing your application. Renewal fee is 115,000 VND (with VAT). Late fee is 23,000 VND (with VAT).

Renewal Methods:
Distributor must submit a notice of Renewal, using the Renewal Form. Renewal is on an Anniversary basis (e.g Distributors who joined in March 2008 will need to renew in March 2009).

Payment Methods:
Renewal is accepted payment by cash or bank transfer (VND).