Conditional business lines 2024: Regulations, List

Article overview

Conditional business lines 2024 clearly stipulate areas that need to meet special requirements for security, environment, or product quality before operating. Mastering this list and regulations helps investors and businesses minimize risks, optimize compliance costs and improve business efficiency. The article will analyze in detail the latest regulations, conditions and list of conditional business lines in 2024.

Business lines have current conditions
Business lines have current conditions

How to understand conditional business lines?

Conditional investment and business sectors are sectors and professions in which investment and business activities must meet necessary conditions for reasons of national defense, security, social order and safety, social ethics, and public health.

Business conditions for investment and business lines are conditional

Article 7 of the Law on Investment 2020 specifically regulates business investment conditions. Enterprises must ensure that they maintain adequate conditions throughout their business operations. State management agencies carry out periodic inspections of compliance with these conditions.

Regulations on business investment conditions must have the following contents:

  • Subjects and scope of application of business investment conditions;
  • Forms of application of business investment conditions;
  • Content of business investment conditions;
  • Documents, order, and administrative procedures to comply with business investment conditions (if any);
  • State management agencies and competent agencies handle administrative procedures for business investment conditions;
  • Validity period of the license, certificate, certificate or other written confirmation or approval (if any).

Depending on the type of business investment and industry, the law stipulates specific and detailed different business investment conditions.

Business conditions for specific industries
Business conditions for specific industries

List of conditional business lines from July 1, 2024

According to Appendix IV, Law on Investment 2020 and amended documents, update the list of conditional business lines. This update reflects the development of the economy and state management requirements. The occupations in the directory are classified by field and level of management. Key industries such as finance – banking, securities, and insurance are under strict supervision by specialized management agencies.

Conditional business lines are specifically regulated as follows:

1. Manufacturing and Trading Tools, Materials, Equipment:

  • Production of seals, support equipment, security equipment, military weapons.
  • Trading in chemicals, industrial explosives, explosives, and products related to the defense industry.

2. Legal and Professional Services:

  • Practicing as a lawyer, notary public, judicial expert, asset auctioneer, and bailiff.
  • Accounting, auditing, and financial services (including securities, insurance, taxes, customs).
  • Consulting services, training and vocational skills training, labor safety, and services related to inspection.

3. Security and Protection Service Industries:

  • Providing security services, information security, and network security.
  • Remote monitoring and surveillance services, property, elderly, and health protection.

4. Medical and Health Services Business:

  • Medical, dental, pharmaceutical, health care, and rehabilitation services.
  • Disease treatment support services, drug detoxification services, and elder care services.

5. Transportation and Infrastructure:

  • Road, waterway, rail and air transport business.
  • Services related to seaports, airports, driver training, and vehicle maintenance.

6. Travel and Entertainment Services:

  • Providing tourism services, organizing events, transporting tourists.
  • Accommodation, dining, massage, beauty services, and entertainment activities.

7. Construction and Real Estate:

  • Construction services, construction investment cost management, construction works, apartment and real estate operation management.
  • Consulting, design and construction survey services.

8. Information Technology and Software:

  • Software business, mobile application development, website development.
  • Information security services, software, databases.
  • Consulting on technology solutions, security, software development.

9. Environmental Services and Waste Treatment:

  • Providing cleaning services, waste treatment, and environmental protection.
  • Document destruction, hazardous waste, and industrial cleaning services.

10. Agricultural Products and Food:

  • Trading in tobacco products, alcohol, food and products related to the food industry.
  • Services related to export and import of food and goods.

11. Fields Related to Finance and Economics:

  • Securities business, insurance, reinsurance, insurance brokerage.
  • Financial, banking, accounting and auditing services.

12. Special Activities:

  • Business in industries that use explosives, firecrackers, and paintball guns.
  • Providing commercial appraisal and price appraisal services.
Business consulting in conditional occupations
Business consulting in conditional occupations

Business consulting services in reputable business lines

Long Phan provides conditional business consulting services including:

  • Consulting on conditional business investment sectors;
  • Consulting on things to meet when doing business in conditional industries;
  • Guide people to apply for licenses for each conditional industry;
  • Provide detailed instructions on order and procedures for trading in conditional industries;
  • Representative to carry out procedures for applying for a child license;
  • Consulting and answering questions that arise during the process of applying for a child license.

Long Phan supports customers in fully implementing conditional business procedures. With a team of experienced experts, we will provide detailed advice and accompany businesses throughout the process of completing the application. Contact Long Phan immediately via the hotline: 0906735386 for in-depth advice on issues related to conditional business lines.