Amway Vietnam to open in 2008

According to news reports, Amway Vietnam will begin sales operations sometime next year.

http://www.thanhniennews.com/business/?catid=2&newsid=3317

Direct selling firm Amway sets up factory

Amway, an affiliate of direct marketing group Alticor, opened a factory on Tuesday in the Amata Industrial Zone in the southern Dong Nai Province.

The global firm sells health and beauty care and nutritional supplements and a clutch of other consumer products, many of which will be made in the new factory.

The $14 million, 8-square meter plant has two production lines and a 2,2-square meter warehouse, and is expected to churn out products worth $3 million a year.

Amway will begin selling from the middle of next year for which it has obtained permission from the province.

The company sells its products directly to consumers through In-dependent Business Owners (IBOs), or sales representatives, through one-on-one, personal selling or via the internet.

It has over three million IBOs in over 8 countries and territories around the world.

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