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227 conditional business lines are listed in 2020 Investment Law

Thanh Lợi

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:

No.

Description

1

Manufacturing of stamps

2

Combat gear trading (incl. servicing)

3

Trading of firecrackers, except explosive firecrackers

4

Trading of camouflage audio recording, video recording or positioning equipment and software

5

Trading of paintball guns

6

Trading 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

7

Pawning service business

8

Massage service business

9

Trading of signal emitting devices for priority vehicles

10

Security guard service

11

Fire fighting and control service business

12

Law practice

13

Notarial practice

14

Practicing judicial expertise in finance, banking, construction, antique, relic and copyright domains

15

Practicing property auction

16

Bailiff practice

17

Practicing management and liquidation of assets of enterprises and cooperatives under bankruptcy proceedings

18

Accounting service business

19

Auditing service business

20

Tax agent service business

21

Customs agent service business

22

Trading of duty-free goods

23

Operation of bonded warehouses and container freight stations

24

Operation of locations for completion of customs procedures, gathering of cargos, customs inspection and supervision 

25

Securities business

26

Business of securities registration, depository, clearing and settlement services of Vietnam Securities Depository and Clearing Corporation; listed and other securities market organization service

27

Insurance business

28

Reinsurance business

29

Insurance brokerage and insurance auxiliary services

30

Insurance agent

31

Appraisal service

32

Lottery business

33

Business of prize-winning electronic games for foreigners

34

Credit rating service business

35

Casino business

36

Betting business

37

Business of voluntary pension fund management service

38

Petroleum business

39

Gas business

40

Commercial inspection service business

41

Trading (including destruction) of industrial explosive materials

42

Trading (including destruction) of industrial explosive materials

43

Business sectors and industries using industrial explosive materials and explosive precursors

44

Blasting service business

45

Trading of chemicals, except those chemicals banned under the Convention on the Prohibition of the Development, Production, Stockpiling, Use and Destruction of Chemical Weapons 

46

Alcohol business

47

Trading of tobacco products, tobacco ingredients, tobacco manufacturing machines and equipment

48

Trading of food under the specialized management the Ministry of Industry and Trade

49

Operation of Commodity Exchanges

50

Electricity generation, transmission, distribution, wholesaling, retailing and specialized counseling

51

Rice export

52

Temporary import and re-export of commodities subject to the special consumption tax

53

Temporary import and re-export of frozen food products

54

Temporary import and re-export of commodities in the list of used commodities

55

Mineral resources business

56

Trading of industrial precursors

57

Sale and purchase of goods and activities directly related to sale and purchase of goods of foreign service suppliers in Vietnam

58

Multi-level marketing

59

E-commerce

60

Oil and gas business activities

61

Energy audit

62

Vocational education

63

Vocational education quality accreditation

64

Vocational skill assessment service business

65

Occupational safety and health inspection service business

66

Occupational safety, health and hygiene training service business

67

Employment service business

68

Trading of service of sending workers abroad

69

Trading of services of voluntary drug detoxification, smoking cessation, HIV/AIDS treatment, care for the elderly, people with disabilities and children

70

Labor outsourcing service business

71

Road transportation business

72

Automotive maintenance and servicing business

73

Automotive manufacturing, assembling and import

74

Motor vehicle register service business

75

Auto driving training service business

76

Business of transport safety assessor training service

77

Driving test service business

78

Transport safety assessment service business

79

Water transport business

80

Business of inland watercraft building, conversion, repair and restoration services

81

Business of inland watercraft crew members and operators training services

82

Training and coaching seafarers and organizing the recruitment and placement of seafarers

83

Maritime safety guarantee service business

84

Maritime transport business

85

Seagoing vessel towage service business

86

Import and demolition of used marine vessels

87

Business of seagoing vessel building, conversion and repair services

88

Seaport operation

89

Aviation transport business

90

Business of services of design, manufacturing, maintenance and testing of aircraft, aircraft engines, propellers, and aircraft equipment and accessories in Vietnam

91

Airport and aerodrome business

92

Business of air services at airports and aerodromes

93

Air navigation service business

94

Business of aviation training and professional coaching services

95

Rail transport business

96

Operation of railway infrastructure

97

Urban rail transit business

98

Multimodal transport service business

99

Business of service of transport of dangerous goods

100

Pipeline transport business

101

Real estate business

102

Clean water (tap water) business

103

Architectural service business

104

Business of construction project management consultancy service 

105

Construction survey service business

106

Business of building design and building design evaluation services

107

Construction supervision consultancy service business

108

Construction service business

109

Construction activities of foreign contractors

110

Construction cost management service business

111

Building inspection service business

112

Specialized construction testing service business

113

Condominium and apartment building operation management service business

114

Crematorium operation and management service business

115

Business of construction planning design services

116

Trading of serpentine chrysotile products 

117

Postal services business

118

Telecommunications service business

119

Digital signature authentication service business

120

Publisher’s operations

121

Business of printing services, except packaging printing

122

Publishing service business

123

Social networking service business

124

Trading of games on telecommunication networks and Internet

125

Pay radio and television service business

126

Business of service of creating general news and information sites

127

Service of processing, recycling, repairing and renewing used IT products on the list of used information technology products banned from import for foreign partners

128

Business of mobile and internet content services

129

Business of domain name registration and retention services

130

Data center service business

131

Business of electronic identification and authentication

132

Business of cybersecurity products and services

133

Business of imported press publishing services

134

Trading of civil encrypted products and services

135

Trading of mobile phone jammers

136

Operation of preschool education institutions

137

Operation of general education institutions

138

Operation of higher education institutions

139

Operation of foreign-invested education institutions, foreign education representative offices in Vietnam, or campuses of foreign-invested education institutions

140

Operation of continuing education institutions

141

Operation of specialized education institutions

142

Foreign education alliances

143

Education quality accreditation

144

Study abroad consultancy service business

145

Fishing production

146

Fishery business

147

Trading of aquafeeds and animal feeds

148

Aquafeed and animal feed testing and inspection service business

149

Trading of biologicals, microorganisms, chemicals and environmental treatment agents used in the fishery and livestock production sector

150

Fishing vessel building and conversion business

151

Fishing vessel registration and inspection

152

Fishing vessel sailor training and coaching

153

Raising 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

154

Farming ordinary wild animals

155

Export, 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

156

Export, 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

157

Processing, 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

158

Trading of plant protection products

159

Business of service of treatment of articles subject to plant quarantine

160

Pesticide testing service business

161

Plant protection service business

162

Trading of veterinary drugs, vaccines, biological products, microorganisms and chemicals used in the veterinary medicine industry

163

Veterinary medicine service business

164

Veterinary experimentation and surgery service business

165

Business of veterinary vaccination, diagnosis, prescription, disease treatment and health care services

166

Business 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)

167

Animal farming business

168

Livestock and poultry slaughtering business

169

Trading of food products under the specialized management the Ministry of Agriculture and Rural Development

170

Animal and animal product isolation and quarantine service business

171

Fertilizer business

172

Fertilizer testing service business

173

Trading of plant and animal varieties

174

Trading of aquatic breeds

175

Plant and animal variety testing service business

176

Aquatic breed testing service business

177

Trading of services of testing and experimentation of biologicals, microorganisms, chemicals and environmental treatment agents used in the fishery and livestock production industry

178

Trading of genetically modified products

179

Healthcare service business

180

Cosmetic surgery service business

181

Pharmaceutical business

182

Production of cosmetics

183

Trading of chemicals, insecticides and germicides for use in domestic and healthcare settings

184

Trading of medical equipment

185

Business of intellectual property assessment services (including assessment of copyright and related rights, industrial property and plant variety rights)

186

Business of services of conducting radiography

187

Atomic energy application supporting service business

188

Conformity assessment service business

189

Business of services of inspection, calibration and testing of measuring devices and measurement standards

190

Business of technological evaluation, appraisal and expertise services

191

Business of services of intellectual property representation services (including representation for industrial property and plant variety rights)

192

Film distribution and dissemination service business

193

Antique appraisal service business

194

Business of services of planning, construction organization and superintendence for relics preservation, maintenance and restoration projects

195

Karaoke and dance hall service business

196

Travel services

197

Sporting services of professional sports businesses and clubs

198

Business of services of art performance, fashion show, beauty and model contest services

199

Trading of audio and video recordings of music and dance performances

200

Accommodation service business

201

Purchase and sale of national relics, antiques and treasures

202

Export 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

203

Museum service business

204

Trading of electronic games (except prize-winning electronic games for foreigners and online prize-winning electronic games)

205

Business of land survey and assessment consultancy services

206

Business of land use planning services

207

Business of services of construction of information technology technical infrastructure and engineering of software for land information systems

208

Business of land database construction services

209

Land pricing service business

210

Geodesy and cartography service business

211

Business of hydro-meteorological forecast and warning services

212

Business of groundwater drilling and prospecting services

213

Business of services of water resource exploitation and abstraction, and discharge of sewage into water sources

214

Business of services of basic water resource survey services, consultancy for planning, formulation of schemes and reports on water resources

215

Mineral exploration service business

216

Mining and extraction of mineral resources

217

Business of hazardous waste transportation and disposal services

218

Scrap or waste import

219

Environmental observation service business

220

Operations of commercial banks

221

Operations of non-bank credit institutions

222

Operations of cooperative banks, people's credit funds and microfinance institutions

223

Provision of payment intermediary services and payment services via customer’s checking accounts

224

Provision of credit information services

225

Operations and provision of forex services of entities other than credit institutions

226

Gold trading

227

Banknote 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, 2020.

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