CONDITIONAL BUSINESS INVESTMENT SECTORS IN VIETNAM
In Vietnam, certain business investment sectors require specific conditions to operate. These sectors are referred to as conditional business investment sectors and are regulated under the Law on Investment 2020. These conditions are generally intended to protect national security, public safety, social ethics, public health, and the environment. Below are the key points concerning conditional business investment sectors:
1. Main Sectors and Industries
These sectors are divided into several groups by field, including:
Security and Defense:
Industries related to the production and trade of weapons, explosives, and other products serving national defense.
Health and Safety:
Sectors related to healthcare, such as medical services, production and trading of pharmaceuticals, medical products, or hazardous chemicals.
Education and Culture:
Sectors including education, broadcasting, television, publishing, and services that involve cultural or educational sensitivity.
Finance and Banking:
Sectors related to insurance, banking, securities trading, and credit services.
Environment:
Sectors impacting the environment, such as mining and waste treatment.
Infrastructure and Transportation:
Sectors such as transportation, aviation, and other infrastructure services.
Real Estate Business:
Conditions are required for certain types of real estate development and investment.
2. Conditions for Business Investment
To operate in conditional sectors, investors must meet specific criteria, including:
Business Licenses:
Some sectors require special licenses from state regulatory agencies, such as a conditional business license.
Capital and Experience:
Certain sectors require minimum capital or specific experience and expertise from investors.
Quality Standards:
Compliance with safety and quality standards for products or services as prescribed by the state.
Personnel Requirements:
Sectors like healthcare, education, and banking may require a professionally qualified workforce.
3. Relevant Regulations
Specific conditions for each sector are stipulated in specialized legal documents, decrees, or circulars. The Law on Investment 2020 and additional regulations provide the legal framework for defining the list and conditions for each industry.
4. List of Conditional Business Investment Sectors
The list of conditional business sectors is regularly updated and adjusted to align with economic and social developments. Investors should stay informed of updates to ensure compliance with current regulations.
For detailed information on a specific sector or registration procedures, further reference can be made to legal documents such as the Law on Investment, relevant decrees, and guiding circulars.
