Vietnam’s National Assembly is revising the country’s investment law with the aim of creating a clear, open and transparent environment for foreign money. The law follows constitutional revisions last year, which established that people have the right to do business in all areas not explicitly prohibited. The new law will prohibit private business and investment in only six sectors and will set out 272 sectors where there will be conditional acceptance. At the moment, there are 51 prohibited sectors and 386 conditional areas. The details of which sectors will be in the new list are still being worked out.
