CONDITIONAL BUSINESS SECTORS 2023

CONDITIONAL BUSINESS SECTORS 2023

Conditional business activites need to be licensed by a competent authority so that businesses can operate legally in Vietnam. There are many regulations that apply to each business line that has conditions for business operations. Therefore, you need to clearly understand the list of 230 conditional business sectors in the article below to choose a reasonable business investment sector:

What is a conditional business sector ?

Conditional business lines are those in which the implementation of investment and business activities in that field requires special regulations, requirements, or licenses from state management agencies. These conditions are often applied to ensure safety, quality, law and order in business activities, and protect the interests of consumers, communities and the country.

Conditions for registering conditional business activities may include: Capital conditions, labor conditions (For example, health, law, engineering, architecture, education) may require certificates, degrees, or professional authority), conditions on safety and environmental regulations, electrical regulations on certain sub- licenses , etc.

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 Most recently updated list of conditional sectors in 2023

Currently, in Appendix IV of the Investment Law 2020 , there are also additional guiding documents and a total of 227 conditional business lines. This requires investors to meet all conditions to invest in these industries. Below, Siglaw sends customers a list of conditional sectors prescribed by Vietnamese law as follows:

 

No. BUSINESS LINES
1 Production of seals
2 Combat gear trading (including repair)
3 Trading in fireworks, excluding firecrackers
4 Trading in camouflage devices and software used for sound and video recording and positioning
5 Trading in paintball guns
6 Trading in military equipment and supplies for the people’s armed forces, military weapons, technical equipment, ammunition and specialized vehicles used for the army and police; components, accessories, spare parts, supplies and specialized equipment and technology used for production thereof
7 Pawnshop services
8 Massage services
9 Trading in warning devices for emergency vehicles
10 Security guard services
11 Fire safety and firefighting services
12 Lawyer’s practice
13 Notary’s practice
14 Judicial assessment in the fields of finance, banking, construction, antiques, relics, copyright
15 Auctioneer’s practice
16 Bailiff’s practice
17 Practice by asset managers and liquidators regarding assets of enterprises and co-operatives in the pending time of bankruptcy
18 Accounting services
19 Auditing services
20 Tax agency services
21 Customs agency services
22 Duty-free goods trading
23 Bonded warehouse and container freight station business
24 Premises for conducting customs procedures, customs gathering, inspection and supervision for rent
25 Securities trading
26 Securities registration, depository, offsetting, and liquidation services by Vietnam Securities Depository and
27 Insurance business
28 Reinsurance business
29 Insurance brokerage and insurance auxiliary services
30 Insurance agency
31 Price valuation services
32 Lottery business
33 Prize-winning electronic games for foreigners
34 Credit rating services
35 Casino business
36 Betting business
37 Voluntary retirement fund management services
38 Petro and oil trading
39 Gas trading
40 Commercial assessment services
41 Industrial explosive trading (including destruction thereof)
42 Explosive precursor trading
43 Business operations using industrial explosives and explosive precursors
44 Blasting services
45 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
46 Spirit trading
47 Trading tobacco products, tobacco raw materials, and machinery and equipment serving tobacco industry
48 Trading in foods under the management of the Ministry of Industry and Trade
49 Commodity exchange operations
50 Electricity generation, transmission, distribution, wholesaling, retail and consultancy
51 Rice export
52 Temporary import for re-export of goods subject to special excise tax
53 Temporary import for re-export of frozen food
54 Temporary import for re-export of goods on the List of used goods
55 Mineral trading
56 Industrial precursor trading
57 Goods trading and activities directly related goods trading by foreign service providers in Vietnam
58 Multi-level marketing
59 E-commerce activities
60 Petroleum activities
61 Energy auditing
62 Vocational educational activities
63 Vocational education accreditation
64 Occupational skill assessment services
65 Occupational safety inspection services
66 Occupational safety and health training services
67 Employment agency services
68 Overseas employment agency services
69 Voluntary drug rehabilitation services, smoking cessation services, HIV/AIDS treatment service, care services for the elderly, people with disabilities and children
70 Labor outsourcing services
71 Road transport services
72 Automobile warranty and maintenance services
73 Manufacture, assembly and import of automobiles
74 Motor vehicle inspection services
75 Automobile driver training services
76 Traffic safety inspector training services
77 Driving test services
78 Traffic safety assessment services
79 Waterway transport services
80 Inland waterway ship building, modification, repair and restoration services
81 Inland waterway ship crewmember and operator training services
82 Crewmember training and coaching, and ship crewmember recruitment and supply
83 Maritime safety services
84 Sea transport services
85 Ship towing services
86 Import and dismantling of used sea-going ship
87 Ship building, modification and repair services
88 Commercial operation of seaports
89 Air transport business
90 Aircraft, aircraft engine, propeller and aircraft equipment design, manufacture and testing services in Vietnam
91 Commercial operation of airports and aerodromes
92 Aviation services at airports and aerodromes
93 Air navigation services
94 Flight crew training services
95 Rail transport business
96 Rail infrastructure business
97 Urban rail business
98 Multimodal transport services
99 Hazardous goods transport services
100 Pipeline transport services
101 Real estate business
102 Clean water (domestic water) trading
103 Architectural services
104 Construction project management consultancy services
105 Construction survey services
106 Construction design and construction design assessment services
107 Construction supervision services
108 Construction services
109 Foreign contractors’ construction activities
110 Construction cost management services
111 Construction inspection services
112 Construction experiment services
113 Apartment building operation and management services
114 Cremation facility management and operation services
115 Construction planning formulation services
116 Trading in white asbestos of the serpentine group
117 Postal services
118 Telecommunications services
119 Digital signature authentication services
120 Publishers’ activities
121 Printing services excluding package printing
122 Publication release services
123 Social network services
124 Telecommunications network- and internet-based games
125 Pay radio and television services
126 General news website development services
127 Processing, recycling, repair and refurbishment of used IT products on the list of used IT products banned from import for foreign partners
128 Provision of information and IT services on mobile network or the Internet
129 Domain name registration and maintenance services
130 Data center services
131 Electronic identification and authentication services
132 Network information security products and services
133 Imported newspaper distribution services
134 Trading in civil cryptography products and services
135 Trading in mobile phone jammers
136 Operation of pre-school institutions
137 Operation of general education institutions
138 Operation of higher education institutions
139 Operation of foreign-invested educational institutions, representative offices of foreign educational institutions in Vietnam, branches of foreign-invested educational institutions
140 Operation of continuing education institutions
141 Operation of specialized schools
142 Educational cooperation with foreign partners
143 Education accreditation
144 Overseas study consultancy services
145 Fishing.
146 Trading in fishery products
147 Trading in aquaculture feeds and animal feeds
148 Aquaculture feed and animal feed testing services
149 Trading in biological preparations, microorganisms, chemicals, environmental remediation agents serving aquaculture and husbandry
150 Fishing vessel building and modification
151 Fishing vessel registration
152 Training and retraining crew members of fishing vessels
153 Breeding and cultivation of wild flora and fauna prescribed in the CITES Appendices and the List of endangered, precious and rare forest plant and animal species and aquatic species
154 Breeding and raising normal wild animals
155 Import, export, re-export, transit, and introduction from the sea of natural specimens of species prescribed in the CITES appendices and lists of endangered, precious and rare forest plant and animal species and aquatic species
156 Import, export and re-export of bred, reared or artificially propagated specimens of species prescribed in the CITES appendices and lists of endangered, precious and rare forest plant and animal species and aquatic species
157 Processing, trading, transporting, advertising displaying and storing specimens of plant and animal species prescribed in the CITES appendices and lists of endangered, precious and rare forest plant and animal species and aquatic species
158 Trading in agrochemicals
159 Processing of items required to undergo plant quarantine
160 Agrochemical testing services
161 Plant protection services
162 Trading in veterinary drugs, vaccines, biological preparations, microorganisms and chemicals serving veterinary medicine
163 Veterinary technical services
164 Animal testing and surgery services
165 Vaccination, diagnosis, prescription, treatment and healthcare services for animals
166 Veterinary drug testing and experimenting services (including veterinary drugs, aquatic veterinary drugs, vaccines, biological preparations, microorganisms and chemicals serving veterinary medicine and aquaculture veterinary medicine)
167 Farm breeding services
168 Domestic animal and poultry slaughtering services
169 Trading in foods under the management of the Ministry of Agriculture and Rural Development
170 Animals and animal product quarantine services
171 Trading in fertilizers
172 Fertilizer testing services
173 Trading in plant varieties and animal breeds
174 Trading in aquatic breeds
175 Plant variety and animal breed testing services
176 Aquatic breed testing services
177 Testing biological preparations, microorganism, chemicals, environmental remediation agents serving aquaculture and husbandry
178 Trading in genetically modified food
179 Medical examination and treatment services
180 Cosmetic surgery services
181 Pharmacy business
182 Cosmetics production
183 Trading in insecticidal and germicidal chemicals and preparations for medical use
184 Trading in medical equipment
185 Industrial property assessment services (comprising assessment of copyright and related rights, assessment of industrial property ownership and assessment of plant variety rights)
186 Radiological work services
187 Atomic energy application ancillary services
188 Conformity assessment services
189 Verification, calibration and testing of measuring instruments and measurement standards
190 Technology assessment, valuation and examination services
191 Intellectual property right representation services (comprising industrial property representation services and plant variety right representation services)
192 Film release and distribution services
193 Antiques assessment services
194 Site/monument protection, renovation and restoration project planning, execution, supervision services
195 Karaoke and dance club business
196 Travel services
197 Sports business by sports enterprises and professional sports clubs
198 Art performance, fashion show, beauty contest, model contest services
199 Trading audios and videos of dance, music and stage performances
200 Accommodation services
201 Trading in relics, antiques and national treasures
202 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
203 Museum services
204 Trading in electronic games (except for prize-winning electronic games for foreigners and online electronic prize-winning electronic games)
205 Land survey and assessment consultancy services
206 Land planning and plan formulation services
207 IT infrastructure and software infrastructure development services for land information systems
208 Land database development services
209 Land pricing services
210 Measurement and mapping services
211 Hydro-meteorological forecasting and warning services
212 Underground water drilling and survey services
213 Water resources extraction services and services of discharge of wastewater into water bodies
214 Services of baseline surveys of, and consultancy on formulation of water resources planning, schemes and reports
215 Mineral exploration services
216 Mineral mining
217 Hazardous waste transport and treatment services
218 Import of scrap
219 Environmental monitoring services
220 Business operation of commercial banks
221 Business operation of non-bank credit institutions
222 Business operation of cooperatives, people’s credit funds, microfinance institutions
223 Provision of intermediary payment services and provision of payment services without payment accounts of customers
224 Credit information services
225 Business operation and foreign exchange activities by organizations which are not credit institutions
226 Gold trading
227 Money printing and minting

Is it difficult to register a conditional business sector ?

Regulations on conditional business lines are established with the main purpose of protecting community interests, protecting consumers and ensuring sustainable economic development. Set conditions for the purpose to ensure that only people and organizations with sufficient capacity and expertise are allowed to operate in certain fields. This helps prevent untrustworthy or unqualified individuals or organizations from entering important, sensitive or potentially dangerous professions to the community.

Each different profession will have different conditions, and the complexity requirements of each profession will also be different. If investors are wishing to establish a new business or project or need to add additional business or investment lines but do not know whether their business is in the case of having to meet the business conditions or not

Siglaw Law Firm

Phone: (+84) 961 366 238

Email:

Headquarters: Floor 12A Sao Mai Building, 19 Le Van Luong Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi City.

Southern branch: No. 99 Cong Hoa, Ward 04, Tan Binh District, Ho Chi Minh City.

Central branch: 177 Trung Nu Vuong, Hai Chau District, Da Nang City

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Expert advice on articles:

Lawyer Dung Le (Elena)

CEO of Siglaw Law Firm

Lawyer Le Dung has more than 10 years of experience providing legal advice to investors from more than 10 countries such as the US, Singapore, Canada, Denmark, Japan, Korea, China…