Ministry proposes eight lines of business to be banned
The Ministry of Planning and Investment (MPI) has proposed eight lines
of businesses subject to an investment ban in the country.
The Ministry of Planning and Investment (MPI) has proposed eight lines
of businesses subject to an investment ban in the country.
They are activities relating to trading in military weapons, special equipment and materials used in military and public security activities; trading in narcotic substances; production, trading, storage, consumption and export of Schedule 1 chemicals under the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction; trading of all kinds of firecrackers; prostitution and human trafficking; trading in wild and rare flora and fauna including both live specimen and their processed organs or parts; experimenting human cloning; and production of genetically modified products.
The MPI has also proposed removing 56 types of business activities from the current list of 386 conditional business lines, and revisions to business conditions.
The list of prohibited and conditional businesses, and those entitled to investment preferential treatments will be submitted to the National Assembly’s eighth session, which is slated to begin in mid-October.-VNA
They are activities relating to trading in military weapons, special equipment and materials used in military and public security activities; trading in narcotic substances; production, trading, storage, consumption and export of Schedule 1 chemicals under the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction; trading of all kinds of firecrackers; prostitution and human trafficking; trading in wild and rare flora and fauna including both live specimen and their processed organs or parts; experimenting human cloning; and production of genetically modified products.
The MPI has also proposed removing 56 types of business activities from the current list of 386 conditional business lines, and revisions to business conditions.
The list of prohibited and conditional businesses, and those entitled to investment preferential treatments will be submitted to the National Assembly’s eighth session, which is slated to begin in mid-October.-VNA
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