Viet Nam

Viet Nam

Issues list of sectors restricted or closed for foreign investors

26 Mar 2021

On 26 March 2021, the government of Vietnam issued Decree 31/2021/ND-CP (Decree 31), which provides guidance on the implementation of the new Law on Investment, introduced in 2020. Decree 31 sets out a list of business lines where foreign investors are subject to market access restrictions. These business lines are further divided into two: the Market Entry list (58 sectors where foreign investors must satisfy certain conditions to enter the market) and the Prohibition List (25 sectors are completely closed to foreign investments).