The VCCI has sent a document to the Legal Department under the Ministry of Planning and Investment asking for a revision of the list of conditional business sectors laid out in the amended Investment Law 2016.
According to the VCCI, the issuance of the list of conditional business lines in the Investment Law 2014 was a big step towards increasing transparency in the sector. The business community can identify lines of business to make investment decisions, as well as monitor state agencies when implementing business management policies.
In addition, it also proposed 10 business lines which should have a narrower scope of business conditions control such as food trading under the specialized management of the Ministry of Industry and Trade, franchising, aquatic product trading, animal feed, and pesticide trading.
