Recent MPI’s licensing views
Below are summaries of the MPI’s recent views on certain foreign invested projects:
- Foreign investor may be licensed to provide (1) investment consultancy services (CPC 865 except for legal consultancy, financial consultancy, accounting and auditing consultancy, tax consultancy and securities advisory) and (2) manufacturing management consultancy (CPC 865).
- Under the WTO Commitments of Vietnam, Vietnam does not undertake to allow foreign investment in fitness services (yoga and fitness center). However, investment in these services are encouraged under Appendix I.VI of Decree 108/2006. Therefore, foreign investment in fitness services could be permitted. This view seems to imply that foreign investment in any services contemplated under Appendix I of Decree 108/2006 is permitted even if such service is not open to foreign investors under the WTO Commitments of Vietnam.
- Foreign investors may be allowed to provide “warranty, maintenance and repair services and other after-sale services” for the products that such foreign investors imported and sold in Vietnam.
- Foreign investors may still obtain trading licence (Giấy phép kinh doanh) for importing or distributing goods which fall into the list of goods which are not encouraged to be imported into Vietnam under Decision 1380/2011 of the Ministry of Industry and Trade.
- Foreign investors may own up to 50% of a Vietnamese company providing “goods sorting services” (dịch vụ phân loại hàng hóa), “warehouse management and monitoring services” (dịch vụ giám sát quản lý kho) and “other supporting services relating to transportation” (dịch vụ hỗ trợ khác liên quan đến vận tải).