17:05, 11/07/2024
This is the content addressed in the draft Law on Amendments to laws on investment and business in Vietnam.
Article table of contents
The Draft proposes amendments, supplements, and abolishments to 84 articles, clauses, and sections in 12 laws, including:
+ Environmental Protection Law 2014;
+ Tax Administration Law 2006;
Simultaneously, the draft also proposes to abolish 67 out of the current 267 conditional business lines and add 14 new conditional business lines in Vietnam.
Abolish 67 conditional business lines
| No. | Business Line (According to Investment Law) |
|---|---|
| 1 | Provision of insurance training agency services |
| 2 | Provision of enterprise value consultancy services for equitization |
| 3 | Provision of debt trading services |
| 4 | Provision of trade inspection services |
| 5 | Business with the use of industrial explosives and explosive precursors |
| 6 | Provision of blasting services |
| 7 | Coal trading |
| 8 | Trading activities and activities directly related to the trading activities of foreign investors |
| 9 | Provision of conformity assessment services with pressure equipment, lifting equipment specific to industrial, chemical sectors, industrial explosives, mining, oil, and gas equipment, except for exploration and extraction equipment and vehicles on the sea |
| 10 | Joint venture activities in vocational training at intermediate and college levels with foreign vocational training institutions, foreign-invested vocational training institutions |
| 11 | Provision of vocational skills assessment services |
| 12 | Provision of quality inspection services for joint vocational training programs with foreign vocational training institutions and foreign-invested vocational training institutions in Vietnam |
| 13 | Provision of technical safety inspection services for machines, equipment, and materials with stringent safety requirements |
| 14 | Provision of certification and conformity announcement services |
| 15 | Provision of maintenance and repair services for automobiles |
| 16 | Provision of motor vehicle inspection services |
| 17 | Provision of driver testing services |
| 18 | Provision of training, fostering knowledge about real estate brokerage, real estate appraisal, management, and operation of real estate exchanges |
| 19 | Provision of training in project management of construction investment |
| 20 | Provision of project appraisal and design verification services |
| 21 | Provision of management and operation services for shared infrastructure systems |
| 22 | Importation of radio transmitting and receiving devices |
| 23 | Services of processing, recycling, repairing, and renewing used information technology products under the list of imported used information technology products prohibited for import for foreign partners |
| 24 | Business of on-demand television services |
| 25 | Operations of National Defense - Student Security Education Centers |
| 26 | Business of fishing gear and equipment for aquatic exploitation |
| 27 | Business of veterinary drug testing and examination services (including veterinary drugs, aquatic veterinary drugs, vaccines, biological products, microorganisms, and chemicals used in animal and aquatic veterinary drugs) |
| 28 | Business of food under the specialized management of the Ministry of Agriculture and Rural Development |
| 29 | Business and testing of organic fertilizers |
| 30 | Importation of animal feed |
| 31 | Export and import of wild and endangered rare animals and plants according to the CITES Convention Annex |
| 32 | Business of ornamental plants, shade trees, and ancient trees from domestic natural forests |
| 33 | Business of charcoal, firewood from wood, or firewood sourced from domestic natural forests |
| 34 | Business of sperm, embryos, seed eggs, and larvae |
| 35 | Business of biological products, microorganisms, chemicals, and environmental treatment and improvement agents in aquaculture |
| 36 | Provision of training and fostering in bidding |
| 37 | Provision of bidding agency services |
| 38 | Provision of project evaluation consultancy services |
| 39 | Provision of investment project evaluation training services |
| 40 | Provision of tissue bank services |
| 41 | Business of fertility support, sperm storage, embryo storage |
| 42 | Provision of infectious disease-causing microorganism testing services |
| 43 | Business of opioid substance addiction treatment services using alternative medication |
| 44 | Business of food under the specialized management of the Ministry of Health |
| 45 | Provision of cosmetic surgery services |
| 46 | Provision of assisted reproductive technology services |
| 47 | Business of bioequivalence and bioavailability evaluation services (BA/BE) of medicines |
| 48 | Provision of clinical trial drug testing services |
| 49 | Operations of medical equipment classification establishments |
| 50 | Provision of medical equipment inspection services |
| 51 | Provision of industrial property assessment services |
| 52 | Business of measurement, calibration, testing of measuring instruments and standards |
| 53 | Business of helmets for motorcycle, motorbike riders |
| 54 | Business of technology evaluation, valuation, and assessment services |
| 55 | Business of organizing festival services |
| 56 | Business of artwork and photography works |
| 57 | Business of electronic games (excluding business of electronic games for foreigners and online electronic games) |
| 58 | Business of land investigation, assessment consultancy services |
| 59 | Business of planning and land use planning services |
| 60 | Business of IT technical infrastructure construction services, software development for land information systems |
| 61 | Business of land use rights auction services |
| 62 | Business of drainage services |
| 63 | Business of consultancy services for environmental strategic assessment reports, environmental impact assessment, and detailed environmental protection projects |
| 64 | Business of service collection, transportation, and disposal of discarded products |
| 65 | Production of gold bars, export and import of raw gold for manufacturing gold bars |
| 66 | Importation of goods under the specialized management of the State Bank (money vault doors) |
| 67 | Provision of money printing and minting services |
Add 14 new conditional business lines
| No. | Business Line |
|---|---|
| 1 | Provision of specialized construction laboratory services |
| 2 | Provision of management and operation services for apartment buildings |
| 3 | Provision of management and operation services for cremation facilities |
| 4 | Provision of consultancy services for material construction planning |
| 5 | Provision of film distribution and dissemination services |
| 6 | Operations of educational quality inspection organizations |
| 7 | Provision of Services of study abroad consultancy |
| 8 | Provision of Weather, hydrological forecasting, and warning services |
| 9 | Business of conformity assessment services |
| 10 | Energy auditing |
| 11 | Operations of educational quality inspection organizations |
| 12 | Provision of services of study abroad consultancy |
| 13 | Business of new construction and conversion of fishing vessels |
| 14 | Provision of Internet domain name registration and maintenance services |
- Key word:
- conditional business lines
- Vietnam
