The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the
elimination of 16 business lines from the list of conditional business
lines, along with the simplification of five others.
Since the Law on Investment 2020 came into effect, the list of conditional
business and investment sectors has been on an upward trajectory. However,
through periodic reviews, business feedback, and the current economic
climate, there is a pressing need to reassess and streamline this list to
foster a more conducive and open investment environment.
Based on thorough analysis, VCCI initially recommends removing 16 sectors
from strict control, including accounting services, customs procedures,
rice export, employment and labor leasing, automobile maintenance and
warranty services, and study abroad consulting services, to name a few.
16 sectors recommended for removal from the conditional business
list:
- Accounting services
- Customs procedures services
- Rice export
- Temporary import and re-export of frozen food products
-
Trading activities and related activities of foreign service
providers in Vietnam - Employment services
- Labor leasing services
- Automobile warranty and maintenance services
-
Inland waterway vehicle manufacturing, conversion, repair, and
recovery services - Shipbuilding and repair services
- Construction activities of foreign contractors
- Crematorium management and operation services
- Study abroad consulting services
- Film distribution services
- Art performances, fashion shows, and beauty pageant organization
- Money printing and minting
Five sectors recommended for review and narrowing:
-
Research, manufacturing, testing, and maintenance of unmanned
aircraft, other aerial vehicles, aircraft engines, propellers,
and related equipment - Fertilizer trading
- Aquaculture breeding
- Water resource exploitation services
- Gold trading
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