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Industries and businesses that limit business types

This article provides detailed information on the business sectors that Vietnamese law restricts the types of businesses that can participate in. Understanding these regulations helps businesses choose the right type, ensuring legal and effective business operations.

STT	Conditional business lines	Type	Legal basis
1.	Legal advice - Law office	Private enterprise	Article 33, Clause 1 Law on Lawyers 2006
2.	Legal advice - law firm	– Partnership – LLC	Article 34, Clause 1 Law on Lawyers 2006
3.	Notary - notary office	Partnership	Article 22, Clause 1 Notary Law 2014
4.	Forensic Expertise - Forensic Expertise Office	– Partnership – Private enterprise	Article 14, Clause 2 Law on Judicial Expertise 2012
5.	Asset management and liquidation during bankruptcy proceedings	– Partnership – Private enterprise	Article 13, Clause 1 Bankruptcy Law 2014
6.	Asset management of Vietnamese credit institutions	One-member LLC, 100% state-owned	Article 3, Clause 2 Decree 53/2013/ND-CP
7.	Accounting services business	– Limited liability company with 2 or more members – Partnership – Private enterprise – Business household	Article 59, Clause 1 and Article 65 Accounting Law 2015
8.	Auditing services business	- LLC with 2 or more members – Partnership – Private enterprise	Article 1, Clause 1 Decree 30/2009/ND-CP
9.	Securities company	– LLC Joint Stock Company	Article 71, Clause 2 Securities Law 2019
10.	Securities investment fund management company (fund management company)	– LLC Joint Stock Company	Article 71, Clause 2 Securities Law 2019
11.	Securities investment company	Joint Stock Company	Article 114, Clause 1 Securities Law 2019
12.	Insurance business	– LLC Joint Stock Company – Cooperative	Article 1, Clause 7 Law on Insurance Business amended 2010
13.	Lottery business	One-member LLC, 100% state-owned	Article 23, Clause 1 Decree 30/2007/ND-CP
14.	Horse racing and dog racing betting business	– LLC Joint Stock Company	Clause 4, Article 30 Decree 06/2017/ND-CP
15.	Credit rating	– LLC Joint Stock Company – Partnership	Article 9, Clause 1 Decree 88/2014/ND-CP
16.	Forecasting, hydrometeorology	Legal entity	Article 9, Clause 1 Decree 38/2016/ND-CP
17.	Microfinance organization	Company Limited	Article 87, Clause 1 Law on Credit Institutions 2010
18.	Domestic commercial bank	Joint stock companies, except state commercial banks	Article 6, Clause 1 Law on Credit Institutions 2010
19.	State commercial bank	One-member LLC, 100% state-owned	Article 6, Clause 2 Law on Credit Institutions 2010
20.	Domestic non-bank credit institutions (including: finance companies, financial leasing companies and other non-bank credit institutions)	– LLC Joint Stock Company	Article 6, Clause 3 Law on Credit Institutions 2010
21.	Joint venture credit institutions and 100% foreign-owned credit institutions are established.	Company Limited	Article 6, Clause 4 Law on Credit Institutions 2010
22.	Property auction business	– Partnership – Private enterprise	Clause 1, Article 23 Law on property auction 2016
23.	Bailiff's office	– Partnership – Private enterprise	Article 17, Clause 1 Decree 08/2020/ND-CP
24.	Cooperative banks, people's credit funds	Cooperative	Article 6, Clause 5 Law on Credit Institutions 2010