Adjusting and reducing the number of conditional investment and business sectors.

On the morning of December 11th, under the chairmanship of National Assembly Chairman Tran Thanh Man and the direction of National Assembly Vice Chairman Vu Hong Thanh, the National Assembly passed the amended Investment Law with 425 out of 436 attending delegates voting in favor, reaching 89.85% of the total number of delegates.

Notably, the Law has reviewed and reduced the number of conditional investment and business sectors by 38 that do not meet the criteria and conditions stipulated in Article 7 of the Investment Law; and reviewed and amended the scope of 20 sectors.

Based on the proposed reductions, cuts, and amendments to conditional investment and business sectors, the Government will instruct ministries and agencies to urgently study management methods based on regulations and standards for those sectors proposed for reduction or amendment (if truly necessary) to achieve the goal of "shifting strongly from 'pre-inspection' to 'post-inspection,' from 'licensing' to 'registration' or 'notification,' aiming for management primarily based on regulations and standards with important and necessary contents requiring state management and regulation."

The National Assembly has passed the amended Investment Law. Photo: TRONG HAI

A notable point regarding the amended Investment Law is that it allows foreign investors to establish economic organizations to implement investment projects before completing the procedures for granting or adjusting the Investment Registration Certificate, and they must meet the market access conditions for foreign investors as stipulated in Article 8 of this Law when carrying out the procedures for establishing economic organizations.

Allowing foreign investors to establish businesses before receiving an Investment Registration Certificate is a fundamental reform of investment procedures for foreign investors, improving the investment and business environment.

The law will come into effect on March 1, 2026.

Source: https://baolangson.vn/dieu-chinh-cat-giam-nhieu-nganh-nghe-dau-tu-kinh-doanh-co-dieu-kien-5067734.html