229 sectors and trades that require conditional business investment in Vietnam

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229 sectors and trades that require conditional business investment in Vietnam

Conditional business investment is essential in Vietnam’s investment and commercial activity. However, the answer to the question “What sectors and trades are subject to conditional business investment?” can help s investors and businesses in meeting commercial requirements such as national security, social ethics, and others.

The Law on Investment 2020, as 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, specifies the list of industries and trades subject to conditional business investment

229 sectors and trades that require conditional business investment in Vietnam

Moreover, update and add the sector, trade with ordinal 29 as well as the sector, trade with ordinal 29a to Appendix IV’s list of industries and trades that are eligible for conditional business investment to read: “29. Insurance brokerage. Insurance auxiliary services (29a)

Additionally, on the list of sectors and trades subject to conditional business investment, including the sector/trade with ordinal number 132a below ordinal number 132 of Appendix IV.

229 sectors and trades that require conditional business investment

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