Decree No.342/2026/ND-CP also sets out conditions for the issuance of business licenses.
Regarding goods trading of foreign-invested economic organizations, it stipulates that for goods subject to export licensing or conditions, the organizations must obtain the relevant license or fully meet the legally prescribed requirements.
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The vessel carrying the 2 millionth TEU arrives at Hai Phong Port. |
On the issuance of business licenses, the decree gives a detail list of activities for which business licenses may be issued to foreign-invested economic organizations, including managing and operating intermediary e-commerce platforms, social networks engaged in e-commerce and integrated e-commerce platforms.
Over conditions, criteria and grounds for issuance of business licenses, the decree says that foreign investors from countries or territories that are parties to international treaties with Viet Nam containing market-opening commitments for goods trading and directly related activities must must satisfy the market access conditions under the relevant international treaty, which the investor chooses to apply in accordance with investment law, and continue to meet them throughout their business operations in Viet Nam under the decree.
Where an economic organization has been established in Viet Nam for at least one year as of the date of application submission, the investor must have no overdue tax debts.
Foreign investors from countries or territories that are not parties to international treaties with Viet Nam must meet the above-mentioned regulations and comply with relevant specialized laws and compatibility with the competitiveness of domestic enterprises operating in the same field during the one year preceding the date of application submission.
It also details regulations for investors in services that are not covered by market-opening commitments under international treaties to which Viet Nam is a party, and not covered by market-opening commitments, including petroleum-based lubricating oils and greases, rice, sugar, recorded products, books, newspapers and magazines.
Regarding business licensing authority, the decree stipulates that the provincial-level People’s Committee where the foreign-invested economic organization is headquartered is responsible for issuing, reissuing, adjusting and revoking business licenses.
The licensing authority shall seek opinions from the Ministry of Public Security and the Ministry of National Defense on national security matters in a number of specific cases.
Source: VNA