Vietnam Investment Law: 227 conditional business lines are listed

Conditional business sectors, industries or trades (sometimes briefly called business lines) are one of the significant regulations laid down in the 2020 Investment Law passed in the XIVth National Assembly’s 9th meeting held on June 17, 2020.

Accordingly, conditional business lines are economic or business sectors, industries or activities in which investments must meet necessary conditions to ensure national defense, security and social order and safety, social ethics and public health.

List of conditional business sectors and industries prescribed in Appendix IV to the 2020 Investment Law contains 227 sectors and industries, including:

1Manufacturing of stamps
2Combat gear trading (incl. servicing)
3Trading of firecrackers, except explosive firecrackers
4Trading of camouflage audio recording, video recording or positioning equipment and software
5Trading of paintball guns
6Trading of military equipment and supplies for armed forces, military weapons, equipment, technical devices and means specially used for military and police purposes; specialized components, parts, spare parts, supplies and technologies specially used for manufacturing thereof
7Pawning service business
8Massage service business
9Trading of signal emitting devices for priority vehicles
10Security guard service
11Fire fighting and control service business
12Law practice
13Notarial practice
14Practicing judicial expertise in finance, banking, construction, antique, relic and copyright domains
15Practicing property auction
16Bailiff practice
17Practicing management and liquidation of assets of enterprises and cooperatives under bankruptcy proceedings
18Accounting service business
19Auditing service business
20Tax agent service business
21Customs agent service business
22Trading of duty-free goods
23Operation of bonded warehouses and container freight stations
24Operation of locations for completion of customs procedures, gathering of cargos, customs inspection and supervision 
25Securities business
26Business of securities registration, depository, clearing and settlement services of Vietnam Securities Depository and Clearing Corporation; listed and other securities market organization service
27Insurance business
28Reinsurance business
29Insurance brokerage and insurance auxiliary services
30Insurance agent
31Appraisal service
32Lottery business
33Business of prize-winning electronic games for foreigners
34Credit rating service business
35Casino business
36Betting business
37Business of voluntary pension fund management service
38Petroleum business
39Gas business
40Commercial inspection service business
41Trading (including destruction) of industrial explosive materials
42Trading (including destruction) of industrial explosive materials
43Business sectors and industries using industrial explosive materials and explosive precursors
44Blasting service business
45Trading of chemicals, except those chemicals banned under the Convention on the Prohibition of the Development, Production, Stockpiling, Use and Destruction of Chemical Weapons 
46Alcohol business
47Trading of tobacco products, tobacco ingredients, tobacco manufacturing machines and equipment
48Trading of food under the specialized management the Ministry of Industry and Trade
49Operation of Commodity Exchanges
50Electricity generation, transmission, distribution, wholesaling, retailing and specialized counseling
51Rice export
52Temporary import and re-export of commodities subject to the special consumption tax
53Temporary import and re-export of frozen food products
54Temporary import and re-export of commodities in the list of used commodities
55Mineral resources business
56Trading of industrial precursors
57Sale and purchase of goods and activities directly related to sale and purchase of goods of foreign service suppliers in Vietnam
58Multi-level marketing
60Oil and gas business activities
61Energy audit
62Vocational education
63Vocational education quality accreditation
64Vocational skill assessment service business
65Occupational safety and health inspection service business
66Occupational safety, health and hygiene training service business
67Employment service business
68Trading of service of sending workers abroad
69Trading of services of voluntary drug detoxification, smoking cessation, HIV/AIDS treatment, care for the elderly, people with disabilities and children
70Labor outsourcing service business
71Road transportation business
72Automotive maintenance and servicing business
73Automotive manufacturing, assembling and import
74Motor vehicle register service business
75Auto driving training service business
76Business of transport safety assessor training service
77Driving test service business
78Transport safety assessment service business
79Water transport business
80Business of inland watercraft building, conversion, repair and restoration services
81Business of inland watercraft crew members and operators training services
82Training and coaching seafarers and organizing the recruitment and placement of seafarers
83Maritime safety guarantee service business
84Maritime transport business
85Seagoing vessel towage service business
86Import and demolition of used marine vessels
87Business of seagoing vessel building, conversion and repair services
88Seaport operation
89Aviation transport business
90Business of services of design, manufacturing, maintenance and testing of aircraft, aircraft engines, propellers, and aircraft equipment and accessories in Vietnam
91Airport and aerodrome business
92Business of air services at airports and aerodromes
93Air navigation service business
94Business of aviation training and professional coaching services
95Rail transport business
96Operation of railway infrastructure
97Urban rail transit business
98Multimodal transport service business
99Business of service of transport of dangerous goods
100Pipeline transport business
101Real estate business
102Clean water (tap water) business
103Architectural service business
104Business of construction project management consultancy service 
105Construction survey service business
106Business of building design and building design evaluation services
107Construction supervision consultancy service business
108Construction service business
109Construction activities of foreign contractors
110Construction cost management service business
111Building inspection service business
112Specialized construction testing service business
113Condominium and apartment building operation management service business
114Crematorium operation and management service business
115Business of construction planning design services
116Trading of serpentine chrysotile products 
117Postal services business
118Telecommunications service business
119Digital signature authentication service business
120Publisher’s operations
121Business of printing services, except packaging printing
122Publishing service business
123Social networking service business
124Trading of games on telecommunication networks and Internet
125Pay radio and television service business
126Business of service of creating general news and information sites
127Service of processing, recycling, repairing and renewing used IT products on the list of used information technology products banned from import for foreign partners
128Business of mobile and internet content services
129Business of domain name registration and retention services
130Data center service business
131Business of electronic identification and authentication
132Business of cybersecurity products and services
133Business of imported press publishing services
134Trading of civil encrypted products and services
135Trading of mobile phone jammers
136Operation of preschool education institutions
137Operation of general education institutions
138Operation of higher education institutions
139Operation of foreign-invested education institutions, foreign education representative offices in Vietnam, or campuses of foreign-invested education institutions
140Operation of continuing education institutions
141Operation of specialized education institutions
142Foreign education alliances
143Education quality accreditation
144Study abroad consultancy service business
145Fishing production
146Fishery business
147Trading of aquafeeds and animal feeds
148Aquafeed and animal feed testing and inspection service business
149Trading of biologicals, microorganisms, chemicals and environmental treatment agents used in the fishery and livestock production sector
150Fishing vessel building and conversion business
151Fishing vessel registration and inspection
152Fishing vessel sailor training and coaching
153Raising and cultivating wild plant and animal species listed in the Appendices to CITES Convention and the list of endangered, precious and rare forest plants, animals and aquatic animals
154Farming ordinary wild animals
155Export, import, re-export, transit and introduction from the sea of specimens of wild plant and animal species listed in the Appendices to CITES Convention and the list of endangered, precious and rare forest plants, animals and aquatic animals
156Export, import and re-export of specimens of ranched, captive-bred animal or artificially propagated plant species listed in the Appendices to CITES Convention and the list of endangered, precious and rare forest plants, animals and aquatic animals
157Processing, business, transportation, advertising, exhibition and storage of plant and animal species listed in the Appendices to CITES Convention and the list of endangered, precious and rare forest plants, animals and aquatic animals
158Trading of plant protection products
159Business of service of treatment of articles subject to plant quarantine
160Pesticide testing service business
161Plant protection service business
162Trading of veterinary drugs, vaccines, biological products, microorganisms and chemicals used in the veterinary medicine industry
163Veterinary medicine service business
164Veterinary experimentation and surgery service business
165Business of veterinary vaccination, diagnosis, prescription, disease treatment and health care services
166Business of veterinary drug testing and experimenting services (including veterinary drugs, aquatic veterinary drugs, vaccines, biological products, microorganisms, chemicals used in veterinary medicine, aquatic veterinary medicine industries)
167Animal farming business
168Livestock and poultry slaughtering business
169Trading of food products under the specialized management the Ministry of Agriculture and Rural Development
170Animal and animal product isolation and quarantine service business
171Fertilizer business
172Fertilizer testing service business
173Trading of plant and animal varieties
174Trading of aquatic breeds
175Plant and animal variety testing service business
176Aquatic breed testing service business
177Trading of services of testing and experimentation of biologicals, microorganisms, chemicals and environmental treatment agents used in the fishery and livestock production industry
178Trading of genetically modified products
179Healthcare service business
180Cosmetic surgery service business
181Pharmaceutical business
182Production of cosmetics
183Trading of chemicals, insecticides and germicides for use in domestic and healthcare settings
184Trading of medical equipment
185Business of intellectual property assessment services (including assessment of copyright and related rights, industrial property and plant variety rights)
186Business of services of conducting radiography
187Atomic energy application supporting service business
188Conformity assessment service business
189Business of services of inspection, calibration and testing of measuring devices and measurement standards
190Business of technological evaluation, appraisal and expertise services
191Business of services of intellectual property representation services (including representation for industrial property and plant variety rights)
192Film distribution and dissemination service business
193Antique appraisal service business
194Business of services of planning, construction organization and superintendence for relics preservation, maintenance and restoration projects
195Karaoke and dance hall service business
196Travel services
197Sporting services of professional sports businesses and clubs
198Business of services of art performance, fashion show, beauty and model contest services
199Trading of audio and video recordings of music and dance performances
200Accommodation service business
201Purchase and sale of national relics, antiques and treasures
202Export of relics and antiques not owned by the State, political organizations or socio-political organizations; import of cultural goods subject to the specialized management by the Ministry of Culture, Sports and Tourism
203Museum service business
204Trading of electronic games (except prize-winning electronic games for foreigners and online prize-winning electronic games)
205Business of land survey and assessment consultancy services
206Business of land use planning services
207Business of services of construction of information technology technical infrastructure and engineering of software for land information systems
208Business of land database construction services
209Land pricing service business
210Geodesy and cartography service business
211Business of hydro-meteorological forecast and warning services
212Business of groundwater drilling and prospecting services
213Business of services of water resource exploitation and abstraction, and discharge of sewage into water sources
214Business of services of basic water resource survey services, consultancy for planning, formulation of schemes and reports on water resources
215Mineral exploration service business
216Mining and extraction of mineral resources
217Business of hazardous waste transportation and disposal services
218Scrap or waste import
219Environmental observation service business
220Operations of commercial banks
221Operations of non-bank credit institutions
222Operations of cooperative banks, people’s credit funds and microfinance institutions
223Provision of payment intermediary services and payment services via customer’s checking accounts
224Provision of credit information services
225Operations and provision of forex services of entities other than credit institutions
226Gold trading
227Banknote printing and minting operations

Investment conditions for industries and trades specified in Appendix IV will be prescribed in laws, resolutions of the National Assembly, ordinances or resolutions of the National Assembly’s Standing Committee, decrees of the Government and treaties to which the Socialist Republic of Vietnam is a signatory. Ministries, ministerial-level agencies, People’s Councils, People’s Committees at all levels, other agencies, organizations and individuals are not allowed to promulgate regulations on these investment conditions.

Investment conditions exist in the following forms:

– Permit/license;

– Certificate;

– Credential/practicing certificate;

– Written endorsement or approval;

– Other requirements that individuals or economic entities must meet to make their investment in these business lines without having to obtain written certification from competent authorities.

2020 Law on Investment is entering into force on January 1, 2021.


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