Conditional Sectors and Trade and Banned from Business Investment

Sectors & Trades banned from Business Investment

Sectors and trades banned from business investment include:

– Trading in narcotics as prescribed in Appendix 1 to the Investment Law.

– Trading in chemicals and minerals specified in Appendix 2 of the Investment Law

– Trade-in specimens of wild flora and fauna specified in Appendix 1 to the Convention on International Trade in Endangered Species of Wild Plants and Animals; specimens of endangered rare and precious wild fauna and flora in Group I originating from the wild according to the provisions in Appendix 3 of this Law;
(The production and use of the above products in analysis, testing, scientific research, healthcare, pharmaceutical production, crime investigation, defense, and security protection comply with the Government’s regulations. covered).

– Commercial prostitution;

– Buying and selling people, human tissues, organs;

– Business activities related to human cloning.

Sectors and Trades Subject to Conditional Business Investment

Sectors and trades subject to conditional business investment are the ones in which the business investment in that line must satisfy the conditions for reasons of national defense, security, order and safety. social, social ethics, community health.

The list of sectors and trades subject to conditional business investment is specified in Appendix 4 to the Investment Law as follows:

APPENDIX 4

LIST OF SECTORS AND TRADES SUBJECT TO CONDITIONAL BUSINESS INVESTMENT

No.	Sectors and trades
1	Making seals
2	Trading in supporting tools (including also repair services)
3	Trading in firecrackers
4	Pawn services
5	Massage services
6	Trading in signaling devices of priority vehicles
7	Security services
8	Trading in paintball guns
9	Practicing law
10	Practicing notary public profession
11	Practicing the profession of judicial examination in the fields of finance, banking, construction, antiques, relics and copyright
12	Practicing the profession of property auctioneer
13	Services provided by commercial arbitrations
14	Practicing the profession of bailiff
15	Practicing the profession of property administrator
16	Accounting services
17	Auditing services
18	Tax procedure completion services
19	Customs clearance services
20	Trading in duty-free goods
21	Bonded warehouse services
22	Inland cargo consolidation services
23	Storage and customs clearance services inside and outside border gates
24	Securities trading
25	Provision of securities registration, depository, clearing and payment services by the securities depository center/organization of exchanges for listed securities and securities of other types
26	Insurance business
27	Re-insurance business
28	Insurance brokerage
29	Insurance agency
30	Insurance agent training services
31	Price appraisal services
32	Consultancy services for enterprise valuation for equitization
33	Lottery business
34	Prize-winning electronic games 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	Petrol and oil trading
42	Gas trading
43	Commercial assessment services
44	Trading in industrial explosives (including also explosive destruction services)
45	Trading in explosive precursors
46	Dealing in sectors and trades involving the use of industrial explosives and explosive precursors
47	Blasting services
48	Trading in chemicals, except those banned under the International Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and their Destruction
49	Trading in inorganic fertilizers
50	Trading in liquors
51	Trading in tobacco products, tobacco materials or machinery and equipment of the tobacco industry
52	Operation of goods exchanges
53	Electricity generation, transmission, distribution, wholesale, retail, import and export and provision of consultancy services in the electricity industry
54	Trading in food subject to specialized management of the Ministry of Industry and Trade
55	Rice export
56	Temporary import for re-export of excise tax-liable goods
57	Temporary import for re-export of frozen goods
58	Temporary import for re-export of goods on the list of used goods
59	Commercial franchising
60	Trading in coal
61	Logistic services
62	Trading in minerals
63	Trading in precursors for industrial use
64	Goods sale and purchase activities and activities directly related to goods sale and purchase activities of foreign investors
65	E-commerce
66	Petroleum activities
67	Conformity assessment services for pressure equipment and lifting equipment for industrial use, chemicals, industrial explosives, mining and petroleum equipment, except those for offshore exploration and exploitation
68	Vocational training
69	Joint vocational training at intermediate and collegial levels with foreign or foreign-invested vocational training institutions
70	Fire prevention and fighting services
71	Vocational skill assessment services
72	Quality inspection services for joint vocational training programs with foreign vocational training institutions or foreign-invested vocational training institutions in Vietnam
73	Labor safety inspection services for machinery, equipment and supplies subject to strict requirements on labor safety
74	Labor safety and sanitation training services
75	Employment services
76	Provision of guest worker services
77	Voluntary drug detoxification services
78	Regulation-conformity certification and announcement services
79	Labor outsourcing services
80	Road transportation
81	Car warranty and maintenance services
82	Motor vehicle inspection services
83	Automobile driver training services
84	Traffic safety inspector training services
85	Vehicle driver testing services
86	Traffic safety inspection services
87	Waterway transportation
88	Inland waterway vessel building, conversion, repair and restoration services
89	Inland waterway vessel crewmember and operator training services
90	Sea transportation, shipping agency
91	Multi-level marketing
92	Seagoing ship towage services
93	Import and demolition of used seagoing ships
94	Seagoing ship building, conversion and repair services
95	Commercial operation of seaports
96	Air transportation services
97	Provision of the services of designing, manufacturing, maintaining or testing aircraft, aircraft engines, aircraft propellers and other aircraft equipment and devices in Vietnam
98	Commercial operation of airports and airfields
99	Aviation services at airports and airfields
100	Flight assurance services
101	Aviation staff training and retraining services
102	Railway transportation
103	Commercial operation of railway infrastructure
104	Dealing in urban railway
105	Multimodal transportation services
106	Road and waterway transportation of hazardous cargoes
107	Pipeline transportation
108	Maritime assurance services
109	Real estate business
110	Training and re-training in real estate brokerage knowledge, real estate valuation and real estate exchange management and administration
111	Training and re-training in professional knowledge about apartment building operation management
112	Training and re-training in professional knowledge about management of construction investment projects
113	Project management consultancy services
114	Construction surveying services
115	Construction designing and construction design appraisal services
116	Work construction supervision consultancy services
117	Work construction services
118	Construction investment project formulation and appraisal services
119	Construction activities of foreign investors
120	Construction investment cost management services
121	Construction work quality assessment and conformity certification services
122	Lighting and greenery system operation management services
123	Common-use infrastructure system operation management services
124	Construction planning services
125	Urban planning services provided by foreign organizations or individuals
126	Trading in white asbestos products of the serpentine group
127	Postal services
128	Telecommunications services
129	Import of radio transmitters and transceivers
130	Digital signature certification services
131	Establishment and operation of publishing houses
132	Printing services
133	Publication distribution services
134	Social network services
135	Online game services
136	Pay radio and television services
137	News website development services
138	Processing, recycling, repair or renewal of used information technology products on the list of used information technology products banned from import for foreign partners
139	On-demand television services
140	Provision of information contents and information technology services on mobile telecommunications networks and the Internet
141	Trading in mobile phone jamming devices
142	Trading in or providing information security products or services
143	Operation of higher education institutions
144	Operation of foreign-invested educational institutions, representative offices of foreign educational institutions in Vietnam, branches of foreign-invested educational institutions
145	Operation of continuing education institutions
146	Operation of national defense-security education centers for students
147	Operation of general education institutions
148	Professional secondary education
149	Operation of specialized schools
150	Operation of pre-school institutions
151	Joint training with foreign partners
152	Organization of extra-curricular teaching and learning activities
153	Aquatic resource exploitation
154	Trading in fishing gear and equipment for aquatic resource exploitation
155	Trading in aquatic products
156	Trading in aquatic animal feed
157	Trading in bio preparations, microorganisms, chemicals and substances for treatment and improvement of aquacultural environment
158	Aquatic breed assay services
159	Aquatic feed assay services
160	Breeding, rearing or artificial propagation of wild fauna or flora species prescribed in the appendices to the CITES
161	Breeding, rearing or artificial propagation of endangered, rare and precious species of wild fauna or flora not prescribed in the appendices to the CITES
162	Breeding and rearing ordinary wild animals
163	Import, export, re-export, transit, and introduction from the sea of natural specimens of species prescribed in the appendices to the CITES
164	Import, export and re-export of samples of bred or reared animals or artificially propagated plants of species prescribed in the appendices to the CITES
165	Trading in plant protection drugs
166	Treatment of objects subject to plant quarantine
167	Plant protection drug assay services
168	Plant protection services
169	Trading in veterinary drugs, bio-preparations, vaccines, microorganisms and chemicals for use in animal health
170	Technical services in animal health
171	Testing and surgery services for animals
172	Vaccination, diagnosis, prescription, medical treatment and heath care services for animals
173	Veterinary drug testing and assay services (veterinary drugs include veterinary drugs, veterinary drugs for aquatic animals, vaccines, bio-preparations, microorganisms and chemicals for use in animal health and aquatic animal health)
174	Concentrated husbandry, breed production; slaughtering services; animal and animal product isolation and quarantine services; production of animal feed materials from animal products; preliminarily processing, processing and preservation of animals and animal products; trading in animal products, preliminarily processing, processing, packaging and preservation of animal products
175	Trading in foods subject to specialized management by the Ministry of Agriculture and Rural Development
176	Trading in and assay of organic fertilizers
177	Trading in plant varieties and animal breeds
178	Production of animal feed
179	Import of animal feed
180	Export and import of endangered, rare and precious terrestrial animals subject to supervision as prescribed in the appendices to the CITES
181	Trading in forest plants and animals restricted from commercial exploitation and use
182	Trading in ornamental trees, shade trees and ancient trees exploited from domestic natural forests
183	Trading in charcoal or firewood originating from domestic natural forest timbers
184	Trading animal sperms, embryos, hatching eggs and larva
185	Services involving the use of bio-preparations, microorganisms, chemicals and environmental treatment and improvement substances in aquaculture
186	Services of testing and assay of bio-preparations, microorganisms, chemicals and environmental treatment and improvement substances for use in aquaculture
187	Trading in genetically modified products
188	Bidding profession training and re-training services
189	Services provided by bidding agents
190	Investment project evaluation consultancy services
191	Investment project evaluation training services
192	Medical examination and treatment services
193	HIV testing services
194	Tissue banking services
195	Assisted reproductive services, sperm and embryo storage services
196	Trading in drugs
197	Drug testing services
198	Manufacture of cosmetics
199	Infectious disease-causing microorganism testing services
200	Vaccination services
201	Trading in pesticides and antiseptics for medical use
202	Opioid substitution treatment services
203	Trading in foods subject to specialized management of the Ministry of Health
204	Cosmetic surgery services
205	Implementation of surrogacy techniques
206	Drug bioavailability and bioequivalence assessment services
207	Clinical trial of drugs
208	Trading in medical equipment and devices
209	Operation of medical equipment-classifying institutions
210	Medical equipment inspection services
211	Industrial property examination services
212	Performance of radiation jobs
213	Atomic energy application assistance services
214	Import, export and transportation of radioactive materials
215	Conformity assessment services in science and technology
216	Inspection, calibration and testing of measuring devices and measurement standards
217	Trading in safety helmets for motorcycle riders
218	Technology assessment, valuation and examination services
219	Intellectual property representation services
220	Film production
221	Antique assessment services
222	Formulation, implementation and supervision of the implementation of, projects to maintain, upgrade and restore relics
223	Karaoke or discotheque business
224	Travel services
225	Dealing in sports activities
226	Organization of art performance, fashion shows, beauty or model contests
227	Dealing in phonograms or video recordings of songs, dances and dramas
228	Festival organization services
230	Accommodation services
231	Advertising services
232	Trading in national relics, antiques and treasures
233	Museum services
234	Dealing in electronic games (except prize-winning electronic games for foreigners and online prize-winning electronic games)
235	Export of relics and antiques not under state ownership 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
236	Copyright and related rights examination services
237	Land survey and valuation consultancy services
238	Land use plan and master plan formulation services
239	Development of information technology technical infrastructure and software for land information systems
240	Land database building services
241	Land valuation services
242	Land use rights auction services
243	Measuring and mapping services
244	Ground water drilling services
245	Ground water exploration services
246	Water exploitation, treatment and supply services
247	Water drainage services
248	Mineral exploration services
249	Mineral mining
250	Hazardous waste management services
251	Scrap import
252	Environmental observation services
253	Consultancy services in formulation of strategic environmental impact assessment reports, environmental impact assessment and detailed environmental protection plans
254	Trading in bio-preparations
255	Discarded product withdrawal, transportation and disposal services
256	Business activities of commercial banks
257	Business activities of non-bank credit institutions
258	Business activities of cooperative banks, people’s credit funds and microfinance institutions
259	Intermediary payment services
260	Credit information services
261	Foreign exchange operations
262	Trading in gold plate
263	Manufacture of gold plates, export of material gold and import of material gold for manufacturing gold plates
264	Manufacturing gold jewelry and fine art articles
265	Import of goods subject to specialized management by the State Bank of Vietnam (vault doors)
266	Money printing and casting
267	Trading in clothing and equipment for armed forces, military weapons, equipment, devices and vehicles exclusively used for national defense or security; components, parts, spare parts, supplies and equipment of special categories and their manufacturing technologies

Source: GOV

To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guidge/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

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source https://lookoffice.vn/conditional-sectors-and-trade-and-banned-from-business-investment

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Weekly Trade Opportunities (01 – 08/11/2020)

Here are some of the Trade Opportunities collected over last week (01 – 08/11/2020)

1. Trade Opportunities: American companies find business partners

American companies need to find manufacturers of bathroom rugs, kitchen towels, kitchen curtains, bathroom curtains …

(bath rugs, kitchen rugs, window curtains, tablecloths, shower curtains)

Vietnamese businesses are able to contact vietrade new york.

580 fith ave, suite 425, ny 10036
Tel: 212 868 2686
Email: vietradeny@vietrade-newyork.org

Source: Vietnam Trade Promotion Center in New York

2. Trade Opportunities: Nigerian businesses need to import clothes, shoes, and fashion

The company “Éclat Empire Ltd”, has a need to import clothes, shoes, and fashion

Domestic companies that are able to provide, please contact:

Company: Éclat Empire Ltd
30 Johnson street, off Bode Thomas Surulere, Lagos, Nigeria
Contact:
Ms. Fatima Dada M.
C.E.O
Email: mumsydada@gmail.com
WhatsApp: +234 706 557 3914
Import: Men’s wear, Foot wears & Other fashion products

(Men’s wears & Accessories such as Shirts, T-Shirt, Shorts, Jeans Trousers, Pant Trouser, Polos, Hoodies, Joggers, Turtle Neck; Office Shoes, Sneakers: Female Bags, Heels)

Note:
– Please send the first email to the Trade Office (ng@moit.gov.vn) so that the partner knows the source of information, do not ask again;
– After sending the email, offer to text and call WhatsApp to partner;
– Enterprises in Africa do not use Zalo, WeChat.

RECOMMENDATION OF VIETNAM TRADE IN NIGERIA:

– To avoid risks, domestic exporters must request importers to accept payments by irrevocable letters of credit (Irrevocable Letter of Credit, at sight, abbreviated as L / C).
– Telegraphic Transfer (T / T) payment is not accepted with deferred payment of 50% (70%) after receiving the goods;
– Do not use the form of payment “Thanks for deferred payment – Documents Against Acceptance (D / A)”;
– Exporting enterprises must bear responsibility for the risks if they do not comply with the above guidance of the Trade Office.

Source: Vietnam Trade Office in Nigeria

To find out more Trade Opportunities, you can click here: https://lookoffice.vn/economy-business-investment/trade-opportunities/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

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Website: https://lookoffice.vn/contact

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source https://lookoffice.vn/weekly-trade-opportunities-01-08-11-2020

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Market Office for lease in Q3/2020 – Ho Chi Minh

In Q3 / 2020, there was no new supply in Ho Chi Minh market office for lease, the supply continued to increase, putting pressure on the whole market. The negative impact of Covid-19 and economic instability weighed heavily on the need to rent offices in HCMC. Due to the constant supply, most landlords seem to be confident with the current tight market and limited future supply, rents remain stable but there are short-term promotions to Attract and support tenants this time.

Supply: Q3/2020 The market Office for lease is still scarce in Ho Chi Minh

In Q3 / 2020, there was no new supply, supply growth continued to put pressure on the whole market. By the end of 2022, the supply was estimated to increase by an average of 4% per year. However, the Grade A & B vacancy rate is still below the 10-year average of 9.8%. As the supply remained unchanged, the occupancy rate in this quarter remained high.

By the end of 2020, the market will welcome more than 70,000 square meters of Grade B office for lease, mainly contributed by non-CBD offices, bringing the total supply for Grade A & B to 1.5 million square meters. Demand is expected to slow across the segment until the virus is stopped globally. Consequently, buildings that have a lot of vacancies may reconsider asking rents and leasing strategies to maintain the required capacity.

Demand: Demand is slow across segments

The negative impact of Covid-19 and economic instability weighed heavily on the need to the office for rent in HCMC. Grade B, with negative net absorption across existing buildings, has seen an increase in vacancy rates. Grade A office for lease, although backed by companies with a lot of money, are also under pressure.

The net rental real area was negative for the past three quarters, paid by tenants, and narrowed the premises. Several new buildings in both segments have had difficulty filling spaces due to the shutdown of new setup requirements and tight budgets for expansion and relocation.

Rental price: Rents have remained stable

In response to Covid-19, most landlords have kept rents steady q-o-q since the first boom in Q120, as they still seem confident in the current tight market. and limited future supply hopefully. However, short-term promotional rates are offered by buildings to attract and support tenants during this time.

After the pandemic was under control, businesses working in industries that were severely affected by Covid-19 became more cautious about renewing their contracts. Renewal contracts can be prepared for the short term. During the lease review period, the tenant is required to maintain the rental rate or the fixed rate for the next period. However, it should be noted that some newly completed buildings that are pressured to fill spaces tend to support tenants as much as possible. Rental offers such as free rental periods and flexible negotiation terms continued to be more popular this quarter due to a weak reception rate under the influence of Covid-19. However, in the long term, this will not last long as the market will soon recover thanks to the positive economic outlook.

The tendency of Office for rent in Ho Chi Minh

Due to the aftermath of the Covid-19 epidemic and the tendency to move away from the center, Grade B buildings quickly became a highly sought-after product for most small and medium enterprises and large enterprises.

Due to the impact of the COVID-19 epidemic, some tenants from finance, banking, technology, and newly established foreign SMEs have moved from Grade A to Grade B, or even lice look for buildings that have lower rental costs. There are tenants with abundant financial potential to move into Grade A office buildings, but the transaction volume is much less than the same period.

Prospects

Despite the impact of Covid-19, the continuing inflow of FDI into Vietnam is evidence that foreign firms, namely Korea, Japan, Hong Kong, and even Europe are continuously increasing. enter the Vietnamese market and they are potential tenants for Grade A & B segments.

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

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Office For Lease at LOOKOFFICE

source https://lookoffice.vn/market-office-for-lease-in-q3-2020-ho-chi-minh

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Vietpearl Tower

Vietpearl Tower office for rent in front of Nguyen Huu Canh Street, Binh Thanh District, Ho Chi Minh City, connecting with neighboring districts quickly and also as a route connecting to other districts, concentrating many office complexes, high-end apartments convenient for Customers living and working here.

Around Vietpearl Tower, there are many banks, companies and large corporations, convenient for moving and dealing with customers’ partners.

You can click here to find out more office for lease in Binh Thanh District :

https://lookoffice.vn/office-for-lease/ho-chi-minh/Binh-Thanh

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: lookoffice.vn

Facebook: https://www.facebook.com/lookoffice.vn/

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source https://lookoffice.vn/office-for-lease/ho-chi-minh/binh-thanh/vietpearl-tower

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Kicotrans Song Thao

Kicotrans Song Thao office for lease in Song Thao Street, Tan Binh District, Ho Chi Minh City. Located in an area with a very fast growth rate of the city, besides there are many office buildings for rent, apartments, hospitals, schools … around.

Kicotrans Song Thao is equipped with modern and comfortable furniture for users, high-speed elevator system, automatic fire-fighting system, backup generator, and security, maintenance, and cleaning services,…

You can click here to find out more office for lease in Tan Binh District :

https://lookoffice.vn/office-for-lease/ho-chi-minh/Tan-Binh

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: lookoffice.vn

Facebook: https://www.facebook.com/lookoffice.vn/

LOOKOFFICE

source https://lookoffice.vn/office-for-lease/ho-chi-minh/tan-binh/kicotrans-song-thao

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Hung Phat Building

Hung Phat Building is office for lease in Le Van Luong Street, Nha-Be District, Ho Chi Minh City, it only takes less than 5 minutes to reach the city center easily in Nha-Be District.

Hung Phat Building in Nha-Be District has possesses a panoramic view of Saigon South,Shopping Mall,GYM Dynamic Room,Panorama Food Court,Terrace Cafe Area,Parking Cellar & Security 24/24.

You can click here to find out more office for lease in Nha Be District :

https://lookoffice.vn/office-for-lease/ho-chi-minh/nha-be

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459

Email: contact@lookoffice.vn

Free Consultation For Your Office For Lease at LOOKOFFICE

source https://lookoffice.vn/office-for-lease/ho-chi-minh/nha-be/hung-phat-building

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Long Ma Building

Long Ma Building office for lease in Cong Hoa Street, Tan Binh District, Ho Chi Minh City. Located in the area where is home to the most office buildings, forming a dynamically developing business community here.

Long Ma Building is equipped with facilities such as an air-conditioning system, CCTV 24/24, smoke alarm system and fire fighting, … Compared to other buildings.

You can click here to find out more office for lease in Tan Binh District :

https://lookoffice.vn/office-for-lease/ho-chi-minh/Tan-Binh

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Free Consultation For Your Office For Lease at LOOKOFFICE

source https://lookoffice.vn/office-for-lease/ho-chi-minh/tan-binh/long-ma-building

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Betrimex Building

Betrimex Building office for lease in Ly Thuong Kiet Street, Tan Binh District, Ho Chi Minh City. Located on a two-way street and very convenient for customers to connect traffic to move within the urban area of the city.

Betrimex Building has central air-conditioning systems, fire protection systems, security camera systems,… very modern.

You can click here to find out more office for lease in Tan Binh District :

https://lookoffice.vn/office-for-lease/ho-chi-minh/Tan-Binh

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Free Consultation For Your Office For Lease at LOOKOFFICE

source https://lookoffice.vn/office-for-lease/ho-chi-minh/tan-binh/betrimex-building-2

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