Prohibited businesses from 2021 in Vietnam

With the new adjustments, the investigation service company in Vietnam introduces industries that will be banned from business from 2021 – Pursuant to Article 6 of the Law on Investment in 2020, from 1/1/2021, accordingly, the following 8 cases are prohibited from business investment in Vietnam.

  1. Trading in drug substances according to the provisions of Appendix I of the law.
  2. Trading in chemicals and minerals prescribed in Appendix II of the law.
  3. Trading in specimens of wild plant and animal originated from the wild as stipulated in Appendix I of the Convention on International Trade in Endangered Species of Wild Fauna and Flora; specimens of endangered, precious and rare forest plants, animals and aquatic animals of group I originating from the wild as prescribed in Appendix III of the law.
  4. Trading in prostitution.
  5. Buying and selling people, tissues, corpses, human organs, human fetuses.
  6. Business activities related to asexual reproduction on humans.
  7. Trading in firecrackers.
  8. Debt collection service.

Note: The production and use of products in cases 1, 2 and 3 above in analysis, testing, scientific research, healthcare, pharmaceutical production, criminal investigation, and national defense , security comply with Government regulations.
The Investment Law 2020 takes effect from January 1, 2021 and replaces the 2014 Investment Law.

8 industries prohibited from doing business in Vietnam since 2021 – Investigation service in Vietnam