Viet Nam

Viet Nam

Introduces a new regulation on foreign investment in goods trading activities

15 Jan 2018

On 15 January 2018, the Government issued Decree 9/2018 on goods trading activities of foreign investors and foreign invested enterprises. Basically, the new Decree provides clarity on business license requirements, regulatory time frames and relevant authorities.

Key changes include; (1) traders are now allowed to import and wholesale distribute the goods and products without obtaining the separate Business License, provided that these goods and products are not in the list of products/goods prohibited from being imported and distributed in Vietnam (except for the import and wholesale of oil and lubricant products); (2) the new Decree clearly requires the application for a business license for some business activities including e-commerce service; (3) the local Department of Industry and Trade (DOIT) has become the sole licensing authority for licensing matters in goods trading.

Nature of measure:
  • Facilitation
Type:
  • Entry and establishment (Approval and admission - other)
  • Promotion and facilitation (Investment facilitation )
Industry:
  • Services (Wholesale and retail trade)
Inward FDI:
No
Outward FDI:
No
Sources: