List of Investment Sectors With Conditions Applied to Foreign Investors

In general, foreign direct investment is encouraged in Vietnam because the economy growth is depending on the attraction of foreign direct investment.  As member of WTO, Vietnam has opened up the economy and welcome investment in most of areas.  There are non conditional investment areas and there are conditional investment areas. The conditions for investment varies from minimum capital, professional licenses of human resources, conditions of facilities, ownership ratio of local Vietnamese entities or person…When setting up a company in Vietnam, foreign investors need to be aware of investment sectors with conditions applied to foreign investors in Vietnam.

The following sectors are conditional investment sectors regulated under the Law on Investment 2014:

1 Seal production
2 Combat gear trading (including repair)
3 Firecracker trading
4 Pawnshop services
5 Massage services
6 Trading of warning devices of emergency vehicles
7 Security services
8 Paint gun services
9 Lawyer’s practice
10 Notary’s practice
11 Judicial assessment in the fields of finance, banking, construction, antiques, relics, copyrights.
12 Auctioneering services
13 Arbitration services
14 Bailiff’s practice
15 Asset liquidator’s practice
16 Accounting services
17 Audit services
18 Tax agent services
19 Customs brokerage services
20 Duty-free goods trading
21 Bonded warehouse services
22 Domestic LCL consolidation services
23 Gathering services and customs inspection services inside and outside border checkpoint areas
24 Securities trading
25 Securities registration, depository, offsetting, and liquidation services by Vietnam Securities Depository/organizations trading in listed securities and other securities.
26 Insurance
27 Reinsurance
28 Insurance brokerage
29 Insurance agency
30 Insurance agency training services
31 Price verification services
32 Consulting services serving company values for equitization
33 Lottery business
34 Electronic games of chance for foreigners
35 Debt collection services
36 Debt trading services
37 Credit rating services
38 Casino business
39 Betting business
40 Voluntary pension fund management services
41 Oil and gas trading
42 Gas trading
43 Commercial assessment services
44 Industrial explosive trading (including destruction thereof)
45 Explosive precursor trading
46 Business operations using industrial explosives and explosive precursor
47 Blasting services
48 Trading in chemicals except banned chemicals according to Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction
49 Inorganic fertilizer trading
50 Alcohol trading
51 Trading in tobacco products, tobacco materials, machinery and equipment serving tobacco industry
52 Commodity exchange operation
53 Electricity generation, transmission, distribution, wholesaling, retailing, import, and consultancy
54 Trading in foods under the management of the Ministry of Industry and Trade
55 Rice export
56 Temporary import for re-export of goods subject to special excise tax
57 Temporary import for re-export of frozen food
58 Temporary import for re-export of goods on the List of used goods
59 Franchising
60 Coal trading
61 Logistics services
62 Mineral trading
63 Industrial precursor trading
64 Goods trading and activities directly related goods trading of foreign investors
65 Electronic commerce activities
66 Petroleum activities
67 Assessment of conformity of pneumatic tools, industrial lifting devices, chemicals, industrial explosives, equipment serving mineral and petroleum extraction; except for equipment and instruments serving extraction at sea
68 Vocational training
69 Association with foreign vocational training institutions and foreign-invested vocational training institutions in vocational training at intermediate and college levels
70 Fire safety and firefighting services
71 Occupational skill assessment services
72 Quality assessment of joint vocational programs with foreign vocational training institutions and foreign-invested vocational training institutions in Vietnam.
73 Occupational safety assessment services with regard to machinery and supplies with strict occupational safety requirements
74 Occupational safety and occupational hygiene training services
75 Employment agency services
76 Overseas employment services
77 Voluntary drug rehabilitation services
78 Conformity declaration and certification services
79 Outsourcing services
80 Road transport services
81 Car warranty and maintenance services
82 Motor vehicle inspection services
83 Driving school services
84 Traffic safety inspector training services
85 Driving test services
86 Traffic safety inspection services
87 Waterway transport services
88 Building, modifying, repairing inland watercraft
89 Provision of training for crew-members and operators of inland watercraft
90 Ship transport, shipping agency services
91 Multi-level marketing business
92 Ship towing services
93 Importing, dismantling used sea-going ship
94 Sea-going ship building, modification, repair services
95 Sea port operation
96 Air transport business
97 Design, production, maintenance, testing of aircraft, aircraft engines, propellers, and equipment thereof in Vietnam
98 Airport operation
99 Aviation services at airports
100 Air navigation services
101 Flight crew training services
102 Rail transport business
103 Rail infrastructure business
104 Rail transport business
105 Multimodal transport business
106 Transport of dangerous goods using road or waterway vehicles
107 Pipeline transport services
108 Maritime navigation services
109 Real estate trading
110 Provision of training in real estate brokerage, real estate valuation, and operation of real estate exchanges
111 Provision of training in apartment building management and operation
112 Provision of training in construction project management
113 Project management consultancy services
114 Construction survey services
115 Construction design assessment services
116 Construction supervision services
117 Construction services
118 Investment project planning and assessment services
119 Foreign investors’ construction
120 Project management consultancy services
121 Construction work conformity assessment and certification services
122 Lighting and greenery system operation services
123 Shared infrastructure operation services
124 Construction planning development services
125 Urban planning development services provided by foreign entities
126 Trading in white asbestos of Serpentine group
127 Postal services
128 Telecommunications services
129 Import of radio transmitters and transceivers
130 Digital signature authentication services
131 Establishment and operation of publishers
132 Printing services
133 Publication release services
134 Social network services
135 Online games business
136 Pay radio/television services
137 News website development services
138 Processing, recycling, repair, refurbishment of used IT products on the list of used IT products banned from import for foreign partners
139 Pay-per-view television services
140 Provision of information and IT services on mobile network or the Internet
141 Trading in mobile phone jammers
142 Provision of information security products and services
143 Operation of higher education institutions
144 Operation of foreign-capitalized educational institutions, representative offices of foreign educational institutions in Vietnam, branches of foreign-capitalized educational institutions
145 Operation of continuing education institution
146 Operation of students’ education centers
147 Operation of compulsory education institutions
148 Vocational training
149 Operation of specialized schools
150 Operation of preschool education institutions
151 Educational cooperation with foreign partners
152 Extra classes
153 Fishing
154 Trading in fishing instruments
155 Fish trading
156 Trading in aquatic feed
157 Trading in biological preparations, microorganisms, chemicals, environmental remediation agents serving aquaculture
158 Aquatic breed testing services
159 Aquatic feed testing services
160 Breeding, raising, propagating  wild animals and plans according to CITES Appendix
161 Breeding, raising, propagating endangered or rare wild animals and palns according to CITES Appendix
162 Breeding, raising normal wild animals
163 Export, import, re-export, transit wild specimens according to CITES Appendix
164 Export, import, re-export bred, raised, propagated specimens according to CITES Appendix
165 Pesticide trading
166 Processing items required to undergo plant quarantine
167 Pesticide testing services
168 Plant protection services
169 Trading in veterinary medicines, biological preparations, vaccines, microorganisms, chemicals serving veterinary medicine
170 Veterinary services
171 Animal surgery, animal testing services
172 Vaccination, diagnosis, prescription, treatment, and healthcare services for animals
173 Trading in veterinary medicines, biological preparations, vaccines, microorganisms, chemicals serving veterinary medicine
174 Concentrated breeding, breed production services; slaughtering; quarantine of animals and products thereof; production of animal-derived materials for animal feed production; preparing, processing, preserving animals and products thereof; trading in animal products; preparing, processing, packaging, preserving animal products
175 Trading in foods under the management of the Ministry of Agriculture and Rural Development
176 Trading, testing organic fertilizers
177 Trading in plant varieties, animal breeds
178 Manufacture of animal feeds
179 Import of animal feeds
180 Exporting, importing rare, endangered terrestrial wild animals and plants according to CITES Appendix
181 Trading in forest plants, animals restricted from trading
182 Trading in ornamental plants, shade trees, ancient trees from Vietnam’s natural forests
183 Trading in firewood from timber or from Vietnam’s natural forests
184 Trading in sperms, embryos, eggs, and lavas
185 Trading in biological preparations, microorganisms, chemicals, environmental remediation agents serving aquaculture
186 Testing biological preparations, microorganisms, chemicals, environmental remediation agents serving aquaculture
187 Trading in genetically modified food
188 Provision of training in bidding
189 Bidding agency services
190 Project assessment consultancy services
191 Provision of training in project assessment
192 Medical examination and treatment services
193 HIV testing services
194 Tissue bank services
195 Childbirth assistance, sperm preservation, embryo preservation services
196 Medicine trading
197 Medicine testing services
198 Cosmetics production
199 Infectious microorganism testing services
200 Vaccination services
201 Trading in medical and household anti-insect and antibacterial chemicals
202 Opioid replacement therapy services
203 Trading in foods under the management of the Ministry of Health
204 Plastic surgery services
205 Surrogacy services
206 Bioavailability and bioequivalence assessment services
207 Clinical trial of medicines
208 Trading in medical equipment
209 Medical equipment classification
210 Medical equipment testing services
211 Industrial property verification services
212 Radiological work services
213 Atomic energy application ancillary services
214 Export, import, and transport of radioactive materials
215 Technological conformity assessment services
216 Inspection, calibration, testing of measuring instruments and measurement standards
217 Motorcycle helmet trading
218 Technology assessment, valuation, and examination services
219 Intellectual property representation services
220 Film production
221 Antique examination services
222 Monument protection or renovation project planning, execution, supervision services
223 Karaoke, dance club business
224 Travel services
225 Sports business
226 Art performance, fashion show, beauty contest, model contest services
227 Trading in audio and video recordings of art performances
228 Festival organization services
229 Trading in art or photography works
230 Accommodation services
231 Advertising services
232 Trading in relics, antiques, national treasures
233 Museum services
234 Electronic games business (except for electronic casino games for foreigners and online electronic casino games)
235 Export of relics, antiques other than those under the ownership of the state, political organizations, socio-political organizations; import of cultural commodities under the management of the Ministry of Culture, Sports and Tourism
236 Verification of copyright and relevant rights
237 Land survey and assessment services
238 Land planning services
239 IT infrastructure and software infrastructure development services
240 Land database development services
241 Land pricing services
242 Land use right auction services
243 Geodesy and cartography services
244 Underground water drilling services
245 Underground water survey services
246 Water supply, processing, and extraction services
247 Underground water drilling services
248 Mineral exploration services
249 Mineral extraction
250 Harmful waste management services
251 Scrap material import
252 Environmental monitoring services
253 Strategic environment assessment, environmental impact assessment, environmental protection scheme consultancy services
254 Trading in biological preparations
255 Collection, transport, processing of refuse
256 Business operation of commercial banks
257 Business operation of non-bank credit institutions
258 Business operation of cooperatives, people’s credit funds, microfinance institutions
259 Provision of payment services
260 Credit information service provision
261 Foreign exchange activities
262 Trading in gold bullion
263 Manufacture of gold bullion, export raw gold and import raw gold for manufacture of gold bullion
264 Manufacture of gold jewelry
265 Import of commodities under the management of the State bank (money vault door)
266 Money printing, molding
267 Trading in military clothing and equipment of the armed forces, military weapons, technologies, devices, vehicles for the military and police; parts, components, supplies, specialized equipment, and technologies for manufacture thereof


The investment conditions applicable to foreign investors with investment projects in the fields of investment provided with this list shall be in accordance with the provisions of the international treaties to which Vietnam is a member.

At ANT Lawyers, a law firm in Vietnam with offices in law office Hanoi, Da Nang and Ho Chi Minh City, our lawyers are available to assist clients in licensing and post-licensing matters to help clients with all questions and services in setting up company, and managing the compliance of the company or other form of business entities in Vietnam during the operation in Vietnam.

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Investment Sectors with Investment Conditions
Article Name
Investment Sectors with Investment Conditions
ANT Lawyers introduces investment sectors with investment conditions applied for foreign investors in Vietnam when setting up business in Vietnam

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