Prohibited business investment sectors are specified in Article 6 of the Investment Law 2020 and Article 10 of Decree 31/2021/ND-CP specifically as follows:
The following business investment activities are prohibited:
(i) Trading in narcotics specified in Appendix I of the Investment Law 2020;
(ii) Trading in chemicals and minerals specified in Appendix II of the Investment Law 2020;
(iii) Trading in specimens of wild plants and animals originating from the wild as prescribed in Appendix I of the Convention on International Trade in Endangered Species of Wild Plants and Animals ; Specimens of endangered, precious, and rare species of forest plants, animals, and aquatic animals Group I originating from natural exploitation specified in Appendix III of the Investment Law 2020;
(iv) Prostitution business;
(v) Buying and selling humans, tissues, corpses, body parts, and human fetuses;
(vi) Business activities related to human cloning;
(vii) Trading in firecrackers;
(viii) Debt collection service business.
The production and use of products specified in (i), (ii) and (iii) in analysis, testing, scientific research, medicine, pharmaceutical production, criminal investigation, national protection room and security are carried out as follows:
– Narcotic substances that are permitted to be produced and used by competent state agencies according to the Government’s regulations on the list of narcotic substances and precursors and the 1961 Unified Convention on Anti-Drugs and the United Nations Convention on Drugs and Drugs. United Nations 1988 on combating illegal trafficking of narcotic drugs and psychotropic substances;
– Chemicals and minerals banned under the provisions of the Investment Law are allowed to be produced and used by competent state agencies according to the Government’s regulations on management of chemicals controlled by the Convention. ban on the development, production, stockpiling, use and destruction of chemical weapons and documents guiding the Rotterdam Convention on prior informed consent procedures for certain hazardous chemicals and pesticides objects in international trade;
– Samples of prohibited wild plants and animals according to the provisions of the Investment Law that are allowed to be exploited by competent state agencies according to the Government’s regulations on management of endangered forest plants and animals. , precious and rare species and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
