Entertainment services, cultural services and sport services

I. Entertainment services including theatre, live bands and circus services (CPC 9619)

Legal basis: WTO, FTAs, AFAS.

Investment conditions:

1. WTO, FTAs, AFAS: No limitation, except:

a) Ration of foreign investors’ ownership in charter capital of a business organization: not exceed 49%.

b) Form of investment: Joint venture.

2. The law of Vietnam: No regulation on investment conditions applied to foreign investors.

II. Video recording of art performances, stages and other forms of recreation and entertainment services

 Legal basis: WTO, FTAs, AFAS, The Vietnam – Japan BIT.

Investment conditions:

1. WTO, FTAs: Not allowed to distribute video recordings.

2. AFAS: Not allowed to produce video recorded tapes and discs.

3. The Vietnam – Japan BIT:

– Investment projects on producing and publishing cultural products of Japanese investors has to be approved by the Government.

– Form of investment: BCC.

4. The law of Vietnam: No regulation on investment conditions applied to foreign investors.

III. Electronic game business (CPC 964)

Legal basis: WTO, FTAs, AFAS.

Investment conditions:

1. WTO, FTAs, AFAS: No limitation, except:

a) Ration of foreign investors’ ownership in charter capital of a business organization: not exceed 49%.

b) Form of investment: Joint venture, BCC.

c) Vietnamese parties participating in the investment: shall be authorized to provide these services by a competent state agency.

2. The law of Vietnam: No regulation on investment conditions applied to foreign investors.

IV. Business of prize-wining electronic games for foreigners

Legal basis:

– The Vietnam – Japan BIT.

– Decree No.86/2013/NĐ-CP  dated 29 July 2013.

Investment conditions:

1. WTO: Not included in the Schedule.

2. The Vietnam – Japan BIT: Investment may be considered and permitted, but in limited amount, subject to the regulations of the Government of Vietnam and only foreigners are allowed to play the game.

3. The law of Vietnam: Foreign-invested business organizations which have a tourist accommodation of five-star class or high or superior class as ranked by a competent state management agency will be considered for grant of certificate of eligibility for the business of prize-business operation.

V. Lottery business

Legal basis: Decree No.30/2007/NĐ-CP dated 01 March 2007.

Investment conditions:

1. WTO, FTAs: Not included in the Schedule.

2. The law of Vietnam: Lottery business enterprises shall be one-member limited liability companies in which the State owns 100% capital.

VI. Recreational park (CPC 9649)

Legal basis: AFAS.

Investment conditions:

1. WTO, FTAs: Not included in the Schedule.

2. AFAS: No limitation, except:

a) Ration of foreign investors’ ownership in charter capital of a business organization: not exceed 70%.

b) Form of investment: Joint venture.

3. The law of Vietnam: No regulation on investment conditions applied to foreign investors.

VII. Electronic game business (CPC 964**)

Legal basis: WTO, FTAs, AFAS.

Investment conditions:

1. WTO, FTAs, AFAS: No limitation, except:

a) Ration of foreign investors’ ownership in charter capital of a business organization: not exceed 49%.

b) Form of investment: Joint venture, BCC.

c) Vietnamese parties participating in the investment: shall be authorized to provide these services by a competent state agency.

2. The law of Vietnam: No regulation on investment conditions applied to foreign investors.