What is the CPC industry code? List of CPC industry codes of FDI companies

The CPC industry code (Central Product Classification) is an international classification system used to classify products and services, serving statistics, analysis, and comparison of international economic data. This code is very important for FDI companies when investing in Vietnam, helping to comply with legal regulations and in accordance with international commitments. Correct application of the CPC industry code is a decisive factor for companies to carry out effective and legal investment procedures.

What is the CPC industry code?

The CPC industry code was developed by the United Nations to classify all products and services globally. Each industry code represents a specific group of products or services, helping countries compile and compare economic indicators, from production, consumption, to international trade. CPC industry codes are not only applied in national statistics but are also an important tool in international trade and investment management.

Popular CPC industry codes today

Below is a list of popular CPC industry codes that FDI companies need to keep in mind when investing in Vietnam:

• Construction services: Code CPC 8671 (Construction services for public works), CPC 8672 (Construction services for civil works).
• Consulting services: CPC code 8673 (Strategy and management consulting services), CPC 8674 (Technical consulting services, project planning).
• Advertising services: CPC code 871 (Online and traditional advertising services).
• Financial services: CPC code 811 (Insurance and financial services), CPC 812 (Banking and credit services).
• Information technology services: CPC code 841 (Software programming services), CPC 842 (Computer system management and consulting services).
• Transportation services: CPC code 721 (Passenger transportation), CPC 722 (Freight transportation).
• Health care services: Code CPC 931 (Medical and health care services), CPC 932 (Disease treatment services).
• Educational services: CPC code 921 (Education and training services), CPC 922 (Vocational training and coaching services).
• Travel services: CPC code 791 (Travel travel services), CPC 792 (Travel accommodation services).
• Communication services: CPC code 832 (Radio and television broadcasting services), CPC 833 (Internet communication services).

The CPC industry code list can be adjusted and supplemented each year, so FDI companies need to regularly update information to ensure accuracy when carrying out investment procedures.

>>> See more: What is the CPC? How to quickly look up industry codes when registering to invest. 

Investment forms of FDI companies in Vietnam

According to Article 21 of the Law on Investment 2020, FDI enterprises can invest in Vietnam through the following forms:

• Establishing economic organizations in Vietnam: FDI enterprises can open new companies or branches in Vietnam to operate independent business.
• Contributing capital, buying shares, purchasing capital contributions: FDI enterprises can participate in existing businesses by contributing capital or buying shares or capital contributions.
• Business cooperation contract (BCC): This is a form of cooperation between FDI enterprises and domestic partners through contracts without the need to establish a new legal entity.
• Implementing investment projects: FDI enterprises can implement specific investment projects in Vietnam, including infrastructure construction, manufacturing, or other fields.
• New forms of investment: The Government can regulate new forms of investment, suitable to the requirements of economic development and the Vietnamese market.

Consulting on looking up CPC industry codes for FDI companies

To determine the correct CPC industry code, FDI companies can refer to official document sources or use consulting services to ensure compliance with regulations. Consulting services at Long Phan include:

• Consulting on choosing the appropriate industry code.
• Consulting and guidance on choosing the correct industry code for the FDI company’s field of operation.
• Look up industry codes according to exact CPC standards according to Vietnamese law.
• Support industry code registration in investment documents.
• Consulting on adjusting industry codes when there are changes in business fields.
• Provides information about regulations related to industry codes and restrictions related to each CPC industry code.

Applying the CPC industry code according to regulations is an important condition for FDI companies to operate legally and effectively in Vietnam. Customers need to pay attention to the industry codes appropriate to their business field and fully implement the prescribed procedures. Please contact Long Phan via the hotline 0906735386 to receive detailed support from consulting experts.