Law on amendment and supplement to Article 6 and Annex 4 on the list of conditional business lines stipulated in the Law on Investment has been ratified by the 14th national assembly of the Socialist Republic of Vietnam at the second meeting session dated November 22nd, 2016.
Accordingly, pursuant to the constitution of the Socialist Republic of Vietnam, the National Assembly issues the list of conditional business lines stipulated in the Law on Investment no. 67/2014/QH13.
The enterprises which are established to operate in the area of conditional business have to comply with conditions regulated by law before conducting business operation in Vietnam.
Foreign investor if wishing to set up company in the conditional areas has to meet additional investment conditions depending on international treaties, WTO commitment by Vietnam, and other specialized laws in Vietnam. It is advised that the foreign investor to contact Vietnam law firms to be advised on the establishment of company in Vietnam to receive the proper legal advice.
We are listing the conditional business lines for the reference below.
No. LINES OF BUSINESS
1. Manufacture of seals
2. Sale (and repair) of combat gear
3. Sale of fireworks other than firecrackers
4. Sale of camouflaged software and equipment used for audio and video recording and positioning;
5. Paintball gun business
6. Sale of military equipment and military goods for the use of the armed forces, military weapons, specialized military equipment and vehicles for the use of the army and police; special military components, accessories, materials and equipment and military engineering
7. Pawning services
8. Massage services
9. Sale emergency signaling devices
10. Debt collection services
11. Security services
12. Fire safety services
13. Lawyer’s practice
14. Notary’s practice
15. Judicial assessment in the fields of finance, banking, construction, antiques, relics, copyrights
16. Auctioneering services
17. Commercial arbitration services
18. Bailiff’s practice
19. Liquidation and safeguarding of assets of enterprises and cooperatives in the pending time of bankruptcy
20. Accounting services
21. Auditing services
22. Tax agent services
23. Customs brokerage services
24. Sale of duty-free goods
25. Bonded warehouse and container freight station business
26. Premises for conducting customs procedures, customs gathering, inspection and supervision for rent.
27. Securities trading
28. Securities registration, depository, offsetting, and liquidation services by Vietnam Securities Depository/organizations trading in listed securities and other securities.
29. Insurance business
30. Reinsurance business
31. Insurance brokerage
32. Insurance agents
33. Property assessment service
34. Lottery business
35. Casino video games for foreigners
37. Ratings services
38. Casino business
39. Betting business
40. Voluntary pension fund management services
41. Oil and gas business
42. Gas trading
43. Manufacture and repair of liquefied petroleum gas (LPG) bottles
44. Commercial assessment services
45. Sale and destruction of industrial explosives
46. Sale of explosive precursors
47. Industrial explosives and explosive precursors –based business
48. Blasting services
49. Sale of chemicals other than prohibited chemicals stipulated in the International Convention on prohibition of development, production, stockpiling and use of chemical weapons on their destruction
50. Alcohol business
51. Sale of tobacco, cigarette, machinery and equipment for tobacco industries
52. Sale of foods under the administration of the Ministry of Industry and Trade
53. Commodity exchange operation
54. Electricity generation, transmission, distribution, wholesale, retail, import, export and consultancy
55. Rice export
56. Temporary import and re-export of goods subjected to special excise duty
57. Temporary import and export frozen foods
58. Temporary import and re-export of goods on the List of used goods
59. Franchising
60. Logistics services
61. Sale of minerals
62. Sale of industrial precursors
63. Commodity trading and business activities directly related to commodity trading by foreign investors and foreign-invested business entities
64. Multi-level marketing business
65. E-commerce business
66. Petroleum business
67. Energy audit
68. Vocational training
69. Assessment of the quality of vocational education
70. Occupational skill assessment services
71. Occupational safety inspection services
72. Occupational safety and health training
73. Employment agencies
74. Overseas employment services
75. Voluntary drug detoxification services
76. Outsourcing
77. Road transport services
78. Automobile maintenance
79. Manufacture, assembly and import of automobiles
80. Motor vehicles inspection services
81. Driver training services
82. Traffic safety inspector training services
83. Driving test services
84. Traffic safety inspection services
85. Waterway transport services
86. Building, repair and renovation of watercraft
87. Inland watercraft crewmen and operator training services
88. Training, recruitment and supply of marine crews
89. Maritime safety services
90. Shipping services and shipping agencies
91. Towage services
92. Import and demolition of used ships
93. Building, renovation and repair of ships
94. Seaport operation business
95. Air transport business
96. Design, manufacture, maintenance and testing of aircrafts, their engines, propellers, avionics and equipment thereof in Vietnam
97. Airport operation business
98. Aviation service at airports
99. Air navigation services
100. Flight crew training services
101. Rail transport business
102. Rail infrastructure business
103. Urban railway business
104. Multimodal transport
105. Transport of dangerous goods
106. Pipeline transport business
107. Real estate business
108. Provision of training in real estate brokerage and property exchange operation
109. Provision of training in apartment building operation.
110. Construction management consulting services
111. Construction surveying services
112. (Construction) design and assessment services
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