No.

Conditional Business Investment Sector

1

Manufacture of seals

2

Trading in law-enforcement support devices (including repair)

3

Trading in fireworks, other than exploding firecrackers

4

Trading in disguised equipment/software used for audio recording, video recording, positioning; devices for jamming or blocking mobile communication signals

5

Trading in military uniforms and equipment for the armed forces, military weapons, specialized military/police technical equipment, gear and vehicles; components, parts, accessories, materials, and specialized equipment and technology used to manufacture them

6

Pawnbroking services

7

Massage services

8

Security guard services

9

Practice of law

10

Notary practice

11

Judicial (forensic) expert examination practice

12

Auditing services

13

Operation of bonded warehouses and less-than-container-load (LCL) cargo consolidation points

14

Operation of customs cargo collection, inspection and supervision locations

15

Securities trading

16

Securities registration, depository, clearing and settlement services; services supporting trading on the domestic carbon exchange

17

Insurance business (excluding insurance auxiliary services)

18

Valuation (appraisal) services

19

Lottery business

20

Prize-winning games (including electronic gaming machines with prizes for foreigners, casinos, and betting)

21

Credit rating services

22

Management of supplementary voluntary pension insurance funds

23

Petroleum trading

24

Trading in industrial explosive materials (including destruction/disposal activities)

25

Trading in explosive precursors

26

Business lines using industrial explosive materials and explosive precursors

27

Blasting services

28

Manufacture and trading of chemicals, except chemicals on the list of banned chemicals and minerals under Appendix II of Investment Law No. 143/2025/QH15; chemical storage services; specialized chemical consultancy activities

29

Trading in tobacco products, tobacco materials, and machinery/equipment specific to the tobacco industry, excluding e-cigarettes and heated tobacco products

30

Food trading under the specialized management of the Ministry of Industry and Trade, the Ministry of Agriculture and Environment, and the Ministry of Health

31

Operation of Commodity Exchanges

32

Power generation, transmission, distribution, wholesale and retail

33

Rice export

34

Trading in industrial precursors

35

Multi-level marketing business

36

E-commerce activities: management and operation of intermediary e-commerce platforms, social networks conducting e-commerce activities, and integrated e-commerce platforms; certification of electronic contracts in commerce

37

Vocational education activities

38

Occupational skills assessment services

39

Occupational safety technical inspection services

40

Overseas labor placement services

41

Voluntary drug rehabilitation services

42

Road transport business

43

Manufacture, assembly and import of automobiles

44

Motor vehicle inspection services

45

Automobile driving training services

46

Driving test (examination) services

47

Traffic safety audit services

48

Training services for crew members and operators of inland waterway vessels

49

Training of seafarers and organization of recruitment and supply of seafarers

50

Air transport business

51

Design, manufacture, maintenance and testing services for aircraft, aircraft engines, propellers and aircraft equipment in Vietnam

52

Trading, importing, temporary import for re-export, temporary export for re-import, testing, repair and maintenance of unmanned aircraft and other aerial vehicles, aircraft engines, propellers, and equipment therefor

53

Airport operation

54

Aviation services at airports

55

Training services for aviation personnel

56

Rail transport business

57

Railway infrastructure business

58

Dangerous goods transport services

59

Real estate business

60

Practice of construction investment project management and site (chief) supervision

61

Construction survey practice

62

Construction design and design appraisal practice

63

Construction works supervision consultancy practice

64

Specialized construction testing services

65

Urban and rural planning consultancy practice

66

Postal services

67

Telecommunications services

68

Trust services

69

Publishing house operations

70

Printing services, except packaging printing that does not bear a trademark

71

Social network services

72

Online games on telecommunications networks and the Internet

73

Pay radio and television services

74

Establishment of general (aggregator) information websites

75

Processing and repair services, for foreign traders and for consumption abroad, of used information technology products on the list of goods banned from import

76

Electronic authentication services

77

Trading in cybersecurity products and services (excluding civil cryptography products and services)

78

Distribution of imported press publications

79

Trading in civil cryptography products and services

80

Preschool, general (K-12), higher, and continuing education activities

81

Operation of foreign educational institutions and their branch campuses

82

Fisheries exploitation (fishing)

83

Trading in aquatic (fisheries) products

84

Manufacture of aquaculture feed and aquaculture-environment treatment products; manufacture of livestock feed and livestock-waste treatment products

85

Fishing vessel registration and inspection

86

Trading in plant protection products (pesticides)

87

Treatment services for objects subject to plant quarantine

88

Testing services for plant protection products

89

Trading in veterinary medicines, vaccines, biological products, microorganisms and chemicals used in veterinary medicine

90

Animal testing and surgery services

91

Vaccination, disease diagnosis, prescription, treatment and animal healthcare services

92

Testing services for veterinary medicines (including veterinary drugs, aquatic veterinary drugs, vaccines, biological products, microorganisms and chemicals used in veterinary and aquatic veterinary medicine)

93

Farm-scale livestock business

94

Livestock and poultry slaughtering business

95

Fertilizer manufacturing

96

Fertilizer testing services

97

Trading in animal breeding stock; production of plant breeding stock/seeds

98

Production and nursing of aquatic breeding stock

99

Trading in genetically modified products

100

Medical examination and treatment services

101

Pharmaceutical business

102

Cosmetics manufacturing

103

Medical equipment trading

104

Radiation work services

105

Support services for nuclear energy applications

106

Conformity assessment services

107

Technology valuation, appraisal and assessment services

108

Intellectual property representation services (including copyright and related-rights representation, industrial property representation, and plant-variety-rights representation)

109

Film distribution services

110

Expert examination (authentication) services for relics and antiquities

111

Planning, project development, design, construction organization, and supervision consultancy services for the preservation, restoration and rehabilitation of heritage sites

112

Karaoke and dance-hall (nightclub) services

113

Travel (tour operator) services

114

Sports business activities of sports enterprises and professional sports clubs

115

Accommodation services

116

Trading in relics and antiquities, except export trading in relics and antiquities; preservation, restoration, digitization and database-building services for relics and antiquities

117

Import of cultural goods under the specialized management of the Ministry of Culture, Sports and Tourism

118

Surveying and mapping services

119

Hydro-meteorological forecasting and warning services

120

Groundwater drilling and exploration services

121

Water resource exploitation services

122

Mineral exploration services

123

Mineral mining/exploitation

124

Transport and treatment services for hazardous waste

125

Import of scrap materials

126

Environmental monitoring services

127

Commercial banking business activities

128

Non-bank credit institution business activities

129

Business activities of cooperative banks, people's credit funds, and microfinance institutions

130

Provision of payment intermediary services; provision of payment services not through a customer's payment account; provision of mobile money services

131

Provision of credit information services

132

Gold trading, except jewelry and fine-art gold products

133

Trading in intermediary data products and services; data analysis and aggregation

134

Data exchange (data floor) services

135

Provision of services related to crypto-assets

136

Personal data processing services

137

Visa-issuance support services provided by authorized business entities