229 sectors and trades subject to conditional business investment
Conditional business investment takes an important role in investment and business activities in Vietnam. However, the answer to the question “ What are the sectors and trades subjected to conditional business investment?” helps investors and enterprises to meet the business conditions in national security, social ethics, and so on.
The list of sectors and trades subject to conditional business investment is prescribed in the Law on Investment 2020, amended by the Law on Insurance Business 2022 and Law No. 03/2022/QH15 on amending and Supplementing a Number of Articles of the Law on Public Investment, Law on Investment in the Form of Public-Private Partnership, Law on Investment, Housing Law, Bidding Law, Electricity Law, Law on Enterprises, Law on Excise Tax, and Law on Enforcement of Civil Judgments.
Additionally, amend and supplement the sector, trade with ordinal 29 and add the sector, trade with ordinal 29a after ordinal 29 of Appendix IV on the List of sectors and trades subject to conditional business investment as: “29. Insurance brokerage. 29a. Insurance auxiliary services”
Besides, add the sector/trade with ordinal number 132a below ordinal number 132 of Appendix IV on the list of sectors and trades subject to conditional business investment.
Here are 229 sectors and trades subject to conditional business investment:
No.
Sectors and trades
1 Making seals
2 Trading in supporting tools (including also repair thereof)
3 Trading in assorted fireworks, except firecrackers
4 Trading in camouflage equipment and software used for sound recording, image recording, and positioning
5 Trading in paintball guns
6 Trading in military equipment for armed forces, military weapons, equipment and devices, techniques, ammunition, and vehicles exclusively used for military and public security forces; components; spare parts, accessories, supplies, and special-type equipment, and specialized technologies for the manufacture thereof
7 Provision of pawn services
8 Provision of massage services
9 Trading in signaling devices of priority vehicles
10 Provision of security services
11 Provision of fire prevention and fighting services
12 Law practice
13 Notarial practice
14 Judicial assessment practice in the fields of finance, banking, construction, antiques, relics and copyright
15 Property auction practice
16 Bailiff profession practice
17 Practice of management and liquidation of assets of enterprises and cooperatives during the process of bankruptcy settlement
18 Provision of accounting services
19 Provision of auditing services
20 Provision of tax procedure performance services
21 Provision of customs clearance services
22 Trading in duty-free goods
23 Commercial operation of bonded warehouses and container freight stations
24 Commercial operation of places for customs clearance, goods gathering and customs inspection and supervision
25 Securities trading
26 Provision of securities registration, depository, clearing and payment services by the Vietnam Securities Depository and Clearing Corporation or organization of exchanges for listed securities and securities of other types
27 Insurance business
28 Reinsurance business
29 Insurance brokerage
29a Insurance auxiliary services
30 Insurance agency
31 Provision of price appraisal services
32 Lottery business
33 Business of prize-winning electronic games for foreigners
34 Provision of credit rating services
35 Casino business
36 Betting business
37 Provision of voluntary pension fund management services
38 Petrol and oil trading
39 Gas trading
40 Provision of commercial assessment services
41 Trading in industrial explosives (including also destruction thereof)
42 Trading in explosive precursors
43 Dealing in sectors and trades involving the use of industrial explosives and explosive precursors
44 Provision of blasting services
45 Trading in chemicals, except those banned under the International Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction
46 Liquor trading
47 Trading in tobacco products, tobacco materials or machinery and equipment of the tobacco industry
48 Trading in food subject to specialized management by the Ministry of Industry and Trade
49 Operation of goods exchanges
50 Electricity generation, transmission, distribution, wholesale and retail activities and provision of electrical consultancy services
51 Rice export
52 Temporary import for re-export of excise tax-liable goods
53 Temporary import for re-export of frozen food
54 Temporary import for re-export of goods on the List of used goods
55 Trading in minerals
56 Trading in industrial precursors
57 Goods purchase and sale activities and related activities of foreign service providers in Vietnam
58 Multi-level marketing
59 E-commerce activities
60 Petroleum activities
61 Energy auditing
62 Vocational education activities
63 Quality inspection of vocational education
64 Provision of occupational skill assessment services
65 Provision of occupational safety-related technical inspection services
66 Provision of occupational safety and health-related training services
67 Provision of employment services
68 Provision of the service of sending guest workers
69 Provision of services related to voluntary drug rehabilitation, smoking cessation, HIV/AIDS treatment, and care of the elderly, people with disabilities and children
70 Provision of labor outsourcing services
71 Road transport business
72 Provision of car warranty and maintenance services
73 Car manufacture, assembly and import
74 Provision of motor vehicle inspection services
75 Provision of car driver training services
76 Provision of traffic safety inspector training services
77 Provision of driver testing services
78 Provision of traffic safety inspection services
79 Waterway transport business
80 Provision of inland waterway craft building, conversion, repair and restoration services
81 Provision of inland waterway craft crewmember and operator training services
82 Maritime crewmember training, recruitment and supply
83 Provision of maritime safety assurance services
84 Ocean shipping business
85 Provision of ship towage services
86 Import and demolition of used ships
87 Provision of ship building, conversion and repair services
88 Commercial operation of seaports
89 Air transport business
90 Provision of services of designing, manufacturing, maintaining and testing aircraft, aircraft engines, aircraft propellers and aircraft equipment and devices in Vietnam
91 Commercial operation of airports and aerodromes
92 Provision of aviation services at airports and aerodromes
93 Provision of flight assurance services
94 Provision of aviation staff training services
95 Railway transport business
96 Commercial operation of railway infrastructure facilities
97 Commercial operation of urban railways
98 Provision of multimodal transport services
99 Provision of hazardous cargo transport services
100 Pipeline transport business
101 Real estate business
102 Clean water (domestic water) trading
103 Provision of architectural services
104 Provision of construction investment project management consultancy services
105 Provision of construction surveying services
106 Provision of construction designing and construction design verification services
107 Provision of work construction supervision consultancy services
108 Provision of work construction services
109 Construction activities of foreign contractors
110 Provision of construction investment cost management services
111 Provision of construction inspection services
112 Provision of specialized construction testing services
113 Provision of condominium operation management services
114 Provision of crematory management and operation services
115 Provision of construction master plan-designing services
116 Trading in white asbestos products of the Serpentine sub-group
117 Provision of postal services
118 Provision of telecommunications services
119 Provision of digital signature certification services
120 Operation of publishing houses
121 Provision of printing services, except printing of packings
122 Provision of publication distribution services
123 Provision of social networking services
124 Gaming services in telecommunications networks and the Internet
125 Provision of pay radio and television services
126 Provision of website development services
127 Services of processing, recycling, repair or renewal of used information technology products on the List of used information technology products banned from import for foreign partners
128 Provision of information content services in mobile telecommunications networks and the Internet
129 Provision of domain name registration and maintenance services
130 Provision of data center services
131 Provision of electronic identification and authentication services
132 Trading in or provision of cyberinformation security products and services
132a Trade in cyber security products and services (excluding trade in cyberinformation security products and services and trade in civil cryptography products and services)
133 Provision of imported newspaper distribution services
134 Trading in or provision of civil cryptography products and services
135 Trading in mobile phone jammers
136 Operation of early childhood education institutions
137 Operation of general education institutions
138 Operation of higher education institutions
139 Operation of foreign-invested educational institutions, representative offices of foreign educational institutions in Vietnam, and branches of foreign-invested educational institutions
140 Operation of continuing education institutions
141 Operation of specialized schools
142 Joint training with foreign partners
143 Educational quality inspection
144 Provision of overseas study counseling services
145 Fishing
146 Trading in aquatic products
147 Trading in aquatic feeds and animal feeds
148 Provision of aquatic feed and animal feed testing services
149 Trading in bio-preparations, microorganisms, chemicals and environmental treatment substances in aquaculture and animal husbandry
150 Fishing ship building and conversion business
151 Fishing ship registration and inspection
152 Training and further training of fishing ships’ crewmembers
153 Breeding and planting of wild fauna or flora species specified in the Appendices to the CITES and the list of endangered, precious and rare species of forest plants and animals and aquatic animals
154 Breeding of common forest animals
155 Export, import, re-export, transit, and introduction from the sea of specimens from the nature of the species specified in the Appendices to the CITES and the list of endangered, precious and rare species of forest plants and animals and aquatic animals
156 Export, import and re-export of specimens of bred or reared animals or artificially propagated plants of the species specified in the Appendices to the CITES and the list of endangered, precious and rare species of forest plants and animals and aquatic animals
157 Processing, trading, transport, advertising, display and storage of specimens of the fauna and flora species specified in the Appendices to the CITES and the list of endangered, precious and rare species of forest plants and animals and aquatic animals
158 Trading in pesticides
159 Provision of the service of treatment of objects subject to plant quarantine
160 Provision of pesticide testing services
161 Provision of plant protection services
162 Trading in veterinary drugs, vaccines, bio-preparations, microorganisms and chemicals for use in animal health
163 Provision of animal health-related technical services
164 Provision of animal testing and surgery services
165 Provision of vaccination, diagnosis, prescription, cure and heathcare services for animals
166 Provision of experiment and testing services for veterinary drugs (including veterinary drugs, veterinary drugs for aquatic animals, vaccines, bio-preparations, microorganisms and chemicals for use in animal health and aquatic animal health)
167 Trading in farm-based animal husbandry
168 Trading in cattle and poultry slaughtering
169 Trading in food subject to specialized management by the Ministry of Agriculture and Rural Development
170 Provision of animal and animal product isolation and quarantine services
171 Fertilizer trading
172 Provision of fertilizer testing services
173 Trading in plant varieties and animal breeds
174 Trading in aquatic breeds
175 Provision of plant variety and animal breed testing services
176 Provision of aquatic breed testing services
177 Provision of experiment and testing services for bio-preparations, microorganisms, chemicals and environmental treatment substances in aquaculture and animal husbandry
178 Trading in genetically modified products
179 Provision of medical examination and treatment services
180 Provision of cosmetic surgery services
181 Pharmacy business
182 Cosmetics production
183 Trading in insecticidal and germicidal chemicals and preparations for household and medical use
184 Trading in medical equipment and devices
185 Provision of intellectual property-related assessment services (including assessment of copyright and related rights, industrial property assessment and assessment of rights to plant varieties)
186 Provision of the service of performance of radiation jobs
187 Provision of atomic energy application support services
188 Provision of conformity assessment services
189 Provision of services of inspection, calibration and testing of measuring devices and measurement standards
190 Provision of technology assessment, price appraisal and assessment services
191 Provision of intellectual property rights representation services (including industrial property representation services and representation services of rights to plant varieties)
192 Provision of film distribution and dissemination services
193 Provision of antique assessment services
194 Provision of services of formulation of master plans, and construction organization and supervision for, projects on preservation, embellishment and restoration of relics
195 Provision of karaoke or discotheque services
196 Provision of travel services
197 Dealing in sports activities of sports enterprises and professional sports clubs
198 Provision of art performance, fashion show, and beauty or model contest organization services
199 Dealing in phonograms or video recordings of songs, dances and dramas
200 Provision of accommodation services
201 Purchase and sale of national relics, antiques and treasures
202 Export of relics and antiques not under ownership of the State or ownership of political organizations or socio-political organizations; import of cultural goods subject to specialized management by the Ministry of Culture, Sports and Tourism
203 Provision of museum services
204 Dealing in electronic games (except prize-winning electronic games for foreigners and online prize-winning electronic games)
205 Provision of land survey and valuation consultancy services
206 Provision of land use master plan and plan formulation services
207 Provision of services of construction of information technology technical infrastructure and development of software of land information systems
208 Provision of land database development services
209 Provision of land valuation services
210 Provision of survey and mapping services
211 Provision of hydrometeorological forecasting and warning services
212 Provision of groundwater drilling and exploration services
213 Provision of services of exploiting and using water resources, and discharging wastewater into water sources
214 Provision of services of baseline surveys and consultancy for formulation of master plans, schemes and reports on water resources
215 Provision of mineral exploration services
216 Mineral mining
217 Provision of hazardous waste transport and treatment services
218 Scrap import
219 Provision of environmental monitoring services
220 Business operations of commercial banks
221 Business operations of non-bank credit institutions
222 Business operations of cooperative banks, people’s credit funds and microfinance institutions
223 Provision of intermediary payment services and payment services without using customers’ payment accounts
224 Provision of credit information services
225 Business operations of, and provision of foreign exchange services by, non-credit institutions
226 Gold trading
227 Banknote printing and coin minting
Here are 229 sectors and trades subject to conditional business investment that all investors and enterprises should pay attention to.
