QNET, one of the leading multilevel marketing companies is known to have its presence in almost all countries around the world.
This company has the reputation of being one of the most credible and trustworthy companies in the industry that offers top class products and services to customers. Although the company is one of the dominating players in the network marketing sector, it continues to prosper and is always on the lookout for new expansion opportunities. Recently, the company penetrated the direct selling sector of Vietnam by opening a new office in Ho Chi Minh City, which is one of the major cities in South Vietnam. The opening of the new office underpins the QNET success stories.
This direct selling company which utilises an e-commerce platform hopes to establish a credible market share in Vietnam, which is one of flourishing markets in South East Asian region. The company has opened up the new office in Vietnam in the purview of the country’s tremendous growth in the direct selling sector. In 2012, Vietnam posted a 12% increase in the retail sales. According to the expert market analysts, the number is expected to increase in the forthcoming years.
As per World Federations of Direct Selling Associations reports, global retail sales from direct selling grew by 5.4% in 2012. Of this figure, the Asia Pacific region alone contributed to 44% of the total sales. Vietnam, ranked as the 14th highest contributor in Asia registered a total sale to the tune of US $292 million. Mr. Dave Osh, the Chief Executive Officer of the company, who was present at the opening ceremony of the new office in Ho Chi Minh City, said, “Looking at these figures, I project a 30% increase in the direct selling business worldwide over the next year.” He further added, “This Company wants to help Vietnam play a leading role in this dramatic economic growth.”
The new office located in the heart of the Ho Chi Minh City’s business district is expected to cater to the growing demands of the customers for quality services and products in the country. With this new office, the company has established its corporate office in eight countries in Asia. The continuous growth of the company aptly reflects the QNET success stories.
Apart from catering to the demands of the locals in Vietnam, this new office will also act as the major support centre for the company’s operations in the neighbouring countries like Laos and Cambodia. The office is also slated to act as a major customer service centre in the region as well as it will provide training to the Independent Representatives (IRs) in the region.
This company in association with the Amcham Vietnam Direct Selling Committee, which regulates the local industry, looks forward to playing a major role in improving the direct selling industry in the country. With the presence of this leading MLM Company in Vietnam, the local market analysts suggest that the direct selling industry will contribute significantly to the national economy of Vietnam in the coming years. Thus, the unprecedented growth of the company reflects QNET success.
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