Setting up foreign company in Vietnam

Narrowing or deregulating professions when establishing foreign owned companies.
Article 6 of the 2014 Investment Law outlines the limits of the prohibited business lines, rather than the previously explicit general prohibition in Article 30 of the 2005 Investment Law. According to the new regulations, Business will include: drug business; trading in chemicals and minerals; Trading in wild and endangered and rare wild animals and plants originating from nature; trading in prostitution; buying, selling human beings, tissues, organs, and business activities related to human reproduction. This spirit is also confirmed in Article 5 of the Investment Law 2014 with the regulation that investors are entitled to carry out business investment in lines and trades that this law does not prohibit.
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