The Ministry of Industry and Trade has announced it will check multi-level marketing companies after one of them was accused of swindling more than 60,000 people out of trillions of dong.
Inspectors will check to see if they follow regulations on multi-level marketing, according to the ministry.
The 7 are Amway Vietnam, Thien Ngoc Minh Uy, Unicity, Lien Ket Viet Nam, Lien Ket Tri Thuc, Lien Minh Tieu Dung Vietnam, and Nhuong Quyen Thang Long.
The ministry officials will coordinate with other agencies like the Market Management Department and Ministry of Public Security for the probe.
Last month the Ministry of Public Security began an investigation into Lien Ket Viet Nam following accusations it had swindled more than VND1.9 trillion (US$85.2 million) from 60,000 people.
Police said since late last year many people have complained that they made deposits to join the company but never received any commission as promised.
The ministry has arrested the company’s chairman, Le Xuan Giang, deputy general director Nguyen Thi Thuy and five employees.
The Ministry of Public Security has ordered police in 27 cities and provinces to join the investigation due to the large number of alleged victims there.