Conditional & restricted business sectors for foreign investors in Vietnam (2021).

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Last updated on April 23, 2021
Conditional & restricted business sectors for foreign investors in Vietnam (2021)

In this guide, we look at and explore conditions, restrictions and provisions regarding licenses and business lines placed on foreign invested entities in Vietnam.

Under the WTO Commitment, a wide range of the sectors and business lines which investors most often pursue when entering Vietnam allow 100% foreign ownership, and others have specific requirements on limitation for foreign investors.

Based on practical experience as well as the legal provisions, a general guideline is provided below regarding certain key investment sectors in Vietnam:

In the context of the WTO Agreement to which Vietnam is part of, licensed activities can be broken down into four different categories for foreign investors seeking to enter Vietnam:

  • Committed: Foreign investors can own 100% of an enterprise according to the WTO Agreement
  • Restricted: Ownership limits exist for foreign investment and other specific restrictions may apply
  • Unspecified: The sector is not mentioned in the WTO Commitment detailing whether it is “committed for foreign investors” or “uncommitted for foreign investors”, therefore it will require Ministerial Approval and potentially additional licensing procedures and conditions
  • Uncommitted: The sector is mentioned in the WTO Agreement as “uncommitted for foreign investors”, requiring Ministerial Approval and potentially additional licensing procedures and conditions

Download our guide to clearly understand what conditions and restrictions are placed foreign invested entities in Vietnam.

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