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| MPI announces norms for help enterprises to work better with the revised Investment Law in Viet Nam. — Photo luatminhkhue.vn |
HA NOI (Biz Hub) — The Ministry of Planning and Investment has publicised norms for 267 conditional business areas to help enterprises meet requirements under the revised Investment Law which takes effect from July 1.
The conditions are classified into 16 sections. They are national security and defence; judiciary; finance; industry and trade; labour, invalids and social affairs; and transport; construction; as well as information and communications.
Education and training; agriculture and rural development; planning and investment; health; science and technology; as well as culture, sports and tourism; natural resources and environment; and banking are the remaining conditions.
Each section has specific conditional business areas and provides the details of the conditions that must be complied with along with the existing regulations.
Business registrations for conditional business areas will be carried out in accordance with the requirements of these sections.
Business categories under conditional projects include distribution, logistics, healthcare, education, as well as tobacco production and printing.
Detailed conditions for all of these conditional business areas are listed on the national business registration portal at dangkykinhdoanh.gov.vn.
The Investment Law states that business and investment conditions should be contained in laws, ordinances, decrees, and international treaties in which Viet Nam is a signatory. Also, ministries, local authorities, and individuals are not permitted to issue investment and business conditions. — VNS
Ministry issues terms for 267 conditionspanl business spanrespans
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