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Industries and professions that do not have market access for foreign investors is an important part of Vietnam’s investment policy. This category includes fields that are sensitive or affect national security and social order. Restricting market access is intended to protect national interests and domestic businesses. This article will analyze in detail this category and related regulations.
Market access refers to the ability of a business or country to sell goods and services to foreign markets. This method applies to both domestic and international trade. However, market access is most common in the field of international trade.
Controlling market access aims to protect national interests, domestic businesses and ensure economic security. At the same time, create a fair competitive environment between domestic and foreign businesses. This regulation also contributes to orienting foreign investment in industries consistent with Vietnam’s socio-economic development strategy.
Pursuant to Clause 2, Article 9 of the Law on Investment 2020, the list of industries with limited market access for foreign investors includes:
This classification helps strictly manage foreign investment activities, while creating conditions to attract investment capital into appropriate fields. Foreign investors need to carefully study this list before deciding to invest in Vietnam.
According to Clause 3, Article 9 of the Law on Investment 2020, for foreign investors to access the Vietnamese market, they must meet the following conditions:
These conditions are to ensure that foreign investment activities are in accordance with Vietnamese laws and international commitments. Investors need to prepare complete records and documents proving that they meet the above conditions when applying for an investment license.
Pursuant to Section A Appendix I of Decree 31/2021/ND-CP, there are 25 occupations that have not yet had market access for foreign investors. Some typical occupations in the list:
The full list of 25 occupations is listed in detail in the Decree. Foreign investors need to pay attention to these areas when investing in Vietnam.
At Long Phan, we provide professional consulting services and advice on solving investment problems. Specifically, the services we provide include:
Long Phan’s consulting services not only help foreign investors understand legal regulations but also provide safe and effective investment solutions in the context of Vietnamese law. With a deep understanding of the investment field and licensing, we will accompany our customers in optimizing investment strategies, avoiding unnecessary risks and ensuring legal compliance. For detailed and timely advice, please contact Long Phan via hotline 0906735386.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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