The Ministry of Finance is collecting feedback on a draft government resolution to reduce conditional business and investment sectors.
In the draft, the Ministry proposes further removing business licenses for 58 additional business lines across sectors such as justice, finance, transport, construction, education, and agriculture. The amended Investment Law outlines these sectors and business lines.
The amended Investment Law, passed by the National Assembly in late 2025, specifies 196 conditional business lines that require licenses. This number represents a reduction of 38 compared to previous regulations.
According to the draft Resolution, for the financial sector, the drafting agency suggests exempting business licenses for accounting services, duty-free goods, reinsurance, insurance brokerage, casinos, and betting.
Within the Ministry of Industry and Trade's management scope, proposed business lines for license removal include: rice export; oto manufacturing, assembly, and import; gas; alcohol; and minerals.
Operating karaoke and dance clubs may also not require a license. These are among six business lines under the Ministry of Culture, Sports and Tourism's management proposed for removal from the list of conditional businesses.
The Ministry of Finance states that this draft Resolution aims to immediately cut business conditions that are no longer suitable, overlap, or can be shifted to post-inspection.
Besides eliminating licenses, the drafting agency also proposes amending 12 conditional business lines. The draft Resolution is expected to be submitted to the Government before 5/5. If approved, the Resolution will take effect from 1/7/2026 to 1/3/2027.
Previously, on 29/4, the Government issued eight resolutions on reducing, decentralizing, and simplifying administrative procedures and business conditions. Authorities abolished 890 business conditions and simplified 4 conditions. The Government believes the implementation process is expected to reduce execution time and compliance costs for individuals and businesses by more than 50% compared to 2024.
Anh Tu
