12.25.2016

Ministries want guidelines for conditional business regulations

HCMC – Several ministries and departments said they want guidance for implementing regulations on conditional businesses that are prescribed in the Law on Investment that has been approved by the National Assembly (NA)
Unlike other laws, the law amending and supplementing Article 6 and Annex 4 of the Investment Law on the list of conditional business and investment fields is said to be clear and therefore, the Government is not eassignd to issue guidelines for its implementation.


But many are of the opinion that such guidance is still needed, heard a meeting between the Ministry of Justice and other ministries and agencies on Wednesday.
Those agencies voice such concerns as the Government recently requested them to review and make suggestions for detailed regulations on new business fields and those which need to be adjusted, and report to the Government within this month.
According to the Ministry of Justice, most business conditions added into the investment law have already been regulated by current rules and therefore, the list of conditional business fields can be applied from January 1 next year.
The Ministry of Planning and Investment said the law amending and supplementing Article 6 and Annex 4 of the Investment Law has removed 20 sectors from the conditional business list while the list of conditional business fields has been included in the appendix of the investment law.
As such, ministries and departments should just follow those lists and regulations, said the ministry.
However, related ministries and departments said without specific guidance, enterprises operating in the four conditional sectors, including overseas study consultancy service, educational quality accreditation, and manufacturing, assembling and importing autos will face difficulties.
Source The Saigon Times
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