I. Lodging services (CPC 64110), catering food services (CPC 642) and drink services (CPC 643). Legal basis: WTO, FTAs, AFAS. Investment…
Advertising services (CPC 871), excluding advertising for cigarettes
- WTO, FTAs, AFAS
- The Law on Advertising of the National Assembly dated 21 June 2012
- Decree 181/2013 of the Government dated 14 November 2013 guiding the Law on Advertising.
1. WTO, FTAs, AFAS: No limitation, except:
- Ratio of foreign investors’ ownership in charter capital of a business organization: no limitation;
- Form of investment: joint venture, BCC;
- Vietnamese parties participating in the investment: have to be legally authorized to do advertising services.
- Other conditions: The advertising for wines and spirits shall be subjected to State regulations, which are applied on a non-discriminatory basis.
2. The law of Vietnam: forms of investment must be joint venture or BCC.