WTO Agreenment with Vietnam (Part 2)

1 I.       HORIZONTAL COMMITMENTS
2 II.      SECTOR-SPECIFIC COMMITMENTS
3 1.      BUSINESS SERVICES
2 3.      CONSTRUCTION AND RELATED ENGINEERING SERVICES
2.1 A.     General construction work for building
3 4.      DISTRIBUTION SERVICES
3.1 A. Commission agents' services
3.2 B. Wholesale trade services
3.3 C. Retailing services
3.4 D.   Franchising services

Mode of delivery:  (1)  Cross-border supply

(2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

22Page2.WT/ACC/VNM/48/Add

 

 

the joint venture.

 

 

 

 

Facilities-based services:  Upon

 

 

 

 

 

accession, joint venture with

 

 

 

 

 

telecommunications service

 

 

 

 

 

suppliers duly licensed in Viet Nam

 

 

 

 

 

will be allowed. Foreign capital

 

 

 

 

 

contribution shall not exceed 49%

 

 

 

 

 

of legal capital of the joint ventures.

 

 

 

 

 

51% gives management control of

 

 

 

 

 

In the telecommunications sector,

 

 

 

 

 

foreign investors in BCC will have

 

 

 

 

 

the possibility to renew current

 

 

 

 

 

arrangements or to convert them

 

 

 

 

 

into another form of establishment

 

 

 

 

 

with conditions no less favourable

 

 

 

 

 

than those they currently enjoy.

 

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

 

horizontal section.

horizontal section.

 

 


 

Mode of delivery:  (1)  Cross-border supply

(2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

 

Sectors and sub-sectors

 

 

Limitations on Market Access

 

Limitations on National Treatment

Additional Commitments

 

Basic telecommunication services:

 

(1)

None, except:

 

(1)   None.

Viet Nam undertakes the obligations in

 

 

 

 

 

 

Wire-based and mobile terrestrial

 

the Reference Paper attached hereto.

 

(o*)

Other services

 

 

services:  Service must be offered

 

 

 

 

Virtual Private Network (VPN)20

 

 

through commercial arrangements

 

For consortium submarine cable links

-

 

 

with an entity established in

 

 

where Viet Nam is member, foreign

 

 

 

 

 

 

Viet Nam and licensed to provide

 

service suppliers shall be permitted to

 

 

 

 

 

 

international telecommunication

 

control fully-owned submarine cable

 

 

 

 

 

 

services.

 

 

transmission capacity (e.g. IRU or

 

 

 

 

 

 

Satellite-based services: Subject to

 

consortium ownership) terminating at a

 

 

 

 

 

 

commercial arrangements with

 

 

licensed cable landing station in

 

 

 

 

 

 

Vietnamese international satellite

 

Viet Nam, and to provide such capacity

 

 

 

 

 

 

service suppliers duly licensed

in

 

to international facilities-based service

 

 

 

 

 

 

Viet Nam, except satellite-based

 

suppliers licensed in Viet Nam. 4 years

 

 

 

 

 

 

services offered to:

 

 

after accession foreign service suppliers

 

 

 

 

 

 

-   Upon accession: off-shore/on

 

shall be permitted to provide such

 

 

 

 

 

 

sea based business customers,

 

capacity to international VPN and IXP

 

 

 

 

 

 

government institutions,

 

 

service suppliers licensed in Viet Nam.

 

 

 

 

 

 

facilities-based service

 

 

 

 

 

 

 

 

 

suppliers, radio and television

 

 

 

 

 

 

 

 

broadcasters, official

 

 

 

 

 

 

 

 

 

international organization'

 

 

 

 

 

 

 

 

 

representative offices,

 

 

 

 

 

 

 

 

 

diplomatic representatives and

 

 

 

 

 

 

 

 

consulates, high tech and

 

 

 

 

 

 

 

 

 

software development parks

 

 

 

 

 

 

 

 

who are licensed to use satellite-

 

 

 

 

 

 

 

 

earth stations;

 

 

 

 

 

 

 

 

20  Services, provided on commercial terms, establishing and managing a private network over public (shared) networks for the purpose of carrying out, on a non-profit basis, voice and data telecommunications between members of a closed user group defined prior to the creation of the VPN. Such group may include a corporate group or organization, or a group of legal entities with an established relationship affiliated through the pursuit of a common interest. Initial members of a closed user group using VPN service must be listed in a dialling or routing plan approved by the Competent Authority and subject to its oversight. VPN service suppliers shall notify to the Competent Authority changes of membership at least two working weeks prior to actually commencing commercial service and can commence commercial service provided that no objection from the Competent Authority is issued during these two weeks. Members are not allowed to resell VPN services to unaffiliated third parties. Virtual private networks are not allowed to carry/transfer traffic of/between unaffiliated third parties. VPN services can be offered by licensed foreign-invested service suppliers bundled with Internet access service and value-added services from (h) to (n).


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page23WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

-      Three years after accession: multinational companies19, which are licensed to use

 

 

satellite-earth stations.

 

 

(2)

None.

(2)

None.

(3)

None, except:

(3)

None.

 

Non facilities-based services: Upon

 

 

 

accession, joint ventures shall be

 

 

 

allowed without limitation on

 

 

 

choice of partner.  Foreign capital

 

 

 

contribution shall not exceed 70%

 

 

 

of legal capital of the joint ventures.

 

 

 

Facilities-based services: Upon

 

 

 

accession, joint venture with

 

 

 

telecommunications service

 

 

 

suppliers duly licensed in Viet Nam

 

 

 

will be allowed. Foreign capital

 

 

 

contribution shall not exceed 49%

 

 

 

of legal capital of the joint ventures.

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

horizontal section.

 

horizontal section.


 

 

Page

 

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.2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

Value-added services

(1)   None, except:

(1)   None.

Viet Nam undertakes the

 

 

 

 

 

 

obligations in the Reference Paper

 

(h)

Electronic mail

Wire-based and mobile terrestrial

 

attached hereto.

 

 

(CPC 7523 **)

services: Service must be offered

 

 

 

 

 

 

through commercial arrangements

 

 

 

(i)

Voice mail

with an entity established in

 

 

 

 

(CPC 7523 **)

Viet Nam and licensed to provide

 

 

 

 

 

 

international telecommunication

 

 

 

(j)

On-line information and database

services.

 

 

 

 

retrieval

 

 

 

 

 

(CPC 7523**)

Satellite-based services:  Subject to

 

 

 

 

 

 

commercial arrangements with

 

 

 

(k)

Electronic data interchange (EDI)

Vietnamese international satellite

 

 

 

 

(CPC 7523**)

service suppliers duly licensed in

 

 

 

 

 

 

Viet Nam, except satellite-based

 

 

 

(l)

Enhance/value-added facsimile

services offered to:

 

 

 

 

services, incl store and forward,

-   Upon accession:  off-shore/on

 

 

 

 

store and retrieve

sea based business customers,

 

 

 

 

(CPC 7523**)

government institutions,

 

 

 

 

 

 

facilities-based service

 

 

 

(m)

Code and protocol conversion

suppliers, radio and television

 

 

 

 

 

 

broadcasters, official

 

 

 

(n)

On-line information and data

international organization'

 

 

 

 

processing (incl. transaction

representative offices,

 

 

 

 

processing)

diplomatic representatives and

 

 

 

 

(CPC 843**)

consulates, high tech and

 

 

 

 

 

 

software development parks

 

 

 

 

 

 

who are licensed to use satellite-

 

 

 

 

 

 

earth stations;

 

 

 

 

 

 

-   Three years after accession:

 

 

 

 

 

 

multinational companies19,

 

 

 

 

 

 

which are licensed to use

 

 

 

 

 

 

satellite-earth stations.

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page25WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

(2)

None.

(2)

None.

 

 

(3)

None, except:

(3)

None.

 

 

 

Non facilities-based services:

 

 

 

 

 

Upon accession:  business

 

 

 

 

 

cooperation contracts or joint

 

 

 

 

 

ventures will be allowed. Foreign

 

 

 

 

 

capital contribution shall not exceed

 

 

 

 

 

51% of legal capital of the joint

 

 

 

 

 

ventures.

 

 

 

 

 

Three years after accession:

 

 

 

 

 

Foreign capital contribution shall

 

 

 

 

 

not exceed 65% of legal capital of

 

 

 

 

 

the joint ventures.

 

 

 

 

 

Facilities-based services:  Upon

 

 

 

 

 

accession, business cooperation

 

 

 

 

 

contracts or joint ventures (JV) with

 

 

 

 

 

telecommunications service

 

 

 

 

 

suppliers duly licensed in Viet Nam

 

 

 

 

 

will be allowed.  Foreign capital

 

 

 

 

 

contribution shall not exceed 50%

 

 

 

 

 

of legal capital of the joint ventures.

 

 

 

 

 

Fifty-one % gives management

 

 

 

 

 

control of the joint venture.

 

 

 

 

 

In the telecommunications sector,

 

 

 

 

 

foreign investors in BCC will have

 

 

 

 

 

the possibility to renew current

 

 

 

 

 

arrangements or to convert them

 

 

 

 

 

into another form of establishment

 

 

 

 

 

with conditions no less favourable

 

 

 

 

 

than those they currently enjoy.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

horizontal section.

 

horizontal section.

 


 

 

Page

 

26WT/ACC/VNM/48/Add

.2


 

Mode of delivery:  (1)  Cross-border supply

(2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

 

Sectors and sub-sectors

 

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

Value added services

 

(1)

Wire-based and mobile terrestrial

(1)   None.

Viet Nam undertakes the obligations in

 

 

 

 

 

 

services:  None, except:  Service

 

the Reference Paper attached hereto.

 

(o)

Other

 

 

must be offered through commercial

 

 

 

 

Internet Access Services IAS21

 

 

arrangements with an entity

 

 

-

 

 

established in Viet Nam and

 

 

 

 

 

 

 

 

licensed to provide international

 

 

 

 

 

 

 

 

telecommunication services.

 

 

 

 

 

 

 

 

Satellite-based services:  Subject to

 

 

 

 

 

 

 

 

commercial arrangements with

 

 

 

 

 

 

 

 

Vietnamese international satellite

 

 

 

 

 

 

 

 

service suppliers duly licensed in

 

 

 

 

 

 

 

 

Viet Nam, except satellite-based

 

 

 

 

 

 

 

 

services offered to:

 

 

 

 

 

 

 

 

-   Upon accession:  off-shore/on

 

 

 

 

 

 

 

 

sea based business customers,

 

 

 

 

 

 

 

 

government institutions,

 

 

 

 

 

 

 

 

facilities-based services

 

 

 

 

 

 

 

 

suppliers, radio and television

 

 

 

 

 

 

 

 

broadcasters, official

 

 

 

 

 

 

 

 

international organization'

 

 

 

 

 

 

 

 

representative offices,

 

 

 

 

 

 

 

 

diplomatic representatives and

 

 

 

 

 

 

 

 

consulates, high tech and

 

 

 

 

 

 

 

 

software development parks

 

 

 

 

 

 

 

 

who are licensed to use satellite-

 

 

 

 

 

 

 

 

earth stations;

 

 

 

 

 

 

 

 

-   Three years after accession:

 

 

 

 

 

 

 

 

multinational companies19,

 

 

 

 

 

 

 

 

which are licensed to use

 

 

 

 

 

 

 

 

satellite-earth stations.

 

 

 

 

 

 

 

 

 

 

 

21  Services providing internet access to the end users.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page27WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

(2)

None.

(2)

None.

 

 

(3)

Non facilities-based services:

(3)

None.

 

 

 

Upon accession:  joint ventures with

 

 

 

 

 

telecommunications suppliers duly

 

 

 

 

 

licensed in Viet Nam will be

 

 

 

 

 

allowed.  Foreign capital

 

 

 

 

 

contribution shall not exceed 51%

 

 

 

 

 

of legal capital of the joint ventures.

 

 

 

 

 

Three years after accession: joint

 

 

 

 

 

venture will be allowed without

 

 

 

 

 

limitation on choice of partner.

 

 

 

 

 

Foreign capital contribution shall

 

 

 

 

 

not exceed 65% of legal capital of

 

 

 

 

 

the joint ventures.

 

 

 

 

 

Facilities-based services:  Upon

 

 

 

 

 

accession, joint venture (JV) with

 

 

 

 

 

telecommunications service

 

 

 

 

 

suppliers duly licensed in Viet Nam

 

 

 

 

 

will be allowed.  Foreign capital

 

 

 

 

 

contribution shall not exceed 50%

 

 

 

 

 

of legal capital of the joint ventures.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

horizontal section.

 

horizontal section.

 


 

 

Page

 

28WT/ACC/VNM/48/Add

.2


Mode of delivery:  (1)  Cross-border supply (2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

D.   Audiovisual Services

 

 

 

 

With regard to motion picture production, distribution and projection services, all films must have their content censored by Viet Nam's competent authorities.

(a)

Motion picture production

(1)

Unbound.

(1)

Unbound.

 

 

(CPC 96112, excl. video tape)

(2)

Unbound.

(2)

Unbound.

 

 

 

(3)

Only in the forms of business

(3)

None.

 

 

 

 

cooperation contracts or joint

 

 

 

 

 

 

ventures with Vietnamese partners

 

 

 

 

 

 

who are authorized to provide these

 

 

 

 

 

 

services in Viet Nam.  Foreign

 

 

 

 

 

 

capital contribution may not exceed

 

 

 

 

 

 

51% of the legal capital of the joint

 

 

 

 

 

 

venture.

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

horizontal section.

 

horizontal section.

 

-

Motion picture distribution

(1)

Unbound.

(1)

Unbound.

 

 

(CPC 96113, excl. video tape)

(2)

None.

(2)

None.

 

 

 

(3)

Only through business cooperation

(3)

None.

 

 

 

 

contract or joint venture with

 

 

 

 

 

 

Vietnamese partners who are

 

 

 

 

 

 

authorized to provide these services

 

 

 

 

 

 

in Viet Nam.  Foreign capital

 

 

 

 

 

 

contribution shall not exceed 51%

 

 

 

 

 

 

of the legal capital of the joint

 

 

 

 

 

 

venture.

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

horizontal section.

 

horizontal section.

 

 

Page29WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply

(2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

 

Sectors and sub-sectors

 

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

30PageWT/ACC/VNM/48/Add

(b)

Motion picture projection service

 

(1)

Unbound.

(1)

Unbound.

 

 

 

 

 

(CPC 96121)

 

(2)

None.

(2)

None.

 

 

 

 

 

(3)

Only through business cooperation

(3)

None.

 

 

 

 

 

 

contracts or joint venture with

 

 

 

 

 

 

 

 

Vietnamese partners who are

 

 

 

 

 

 

 

 

authorized to provide these services

 

 

 

 

 

 

 

 

in Viet Nam.  Foreign capital

 

 

 

 

 

 

 

 

contribution shall not exceed 51%

 

 

 

 

 

 

 

 

of legal capital.

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

Viet Nam's houses of culture, film

 

 

 

 

 

 

 

 

projection place, public cinema

 

 

 

 

 

 

 

 

clubs and societies and mobile

 

 

 

 

 

 

 

 

projection teams are not allowed to

 

 

 

 

 

 

 

 

engage in business cooperation

 

 

 

 

 

 

 

 

contract or joint-venture with

 

 

 

 

 

 

 

 

foreign service suppliers.

 

 

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

 

 

horizontal section.

 

horizontal section.

 

 

(e)

Sound recording

 

(1)

Unbound.

(1)

Unbound.

 

 

 

 

 

(2)

None.

(2)

None.

 

 

 

 

 

(3)

Unbound.

(3)

Unbound.

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

 

 

horizontal section.

 

horizontal section.

 

 


Mode of delivery:  (1)  Cross-border supply (2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

3.      CONSTRUCTION AND RELATED ENGINEERING SERVICES


 

A.     General construction work for building

 

(CPC 512)

 

B.     General construction work for civil engineering

 

(CPC 513)

 

C.     Installation and assembly work (CPC 514, 516)

 

D.     Building completion and finishing work

 

(CPC 517)

 

E.     Other

 

(CPC 511, 515, 518)


(1)     Unbound.*

(2)     None.

(3)     None, except:

 

For the period of 2 years from the date of accession, 100% foreign-invested enterprises could only provide services to foreign-invested enterprises and foreign-funded projects in Viet Nam.

 

Foreign enterprises have to be juridical persons of a WTO Member.

 

After 3 years from the date of accession, branching is allowed.

 

(4)     Unbound, except as indicated in the horizontal section.


(1)     Unbound.*

(2)     None.

 

(3)     None, except that the chief of the branch has to be a resident in Viet Nam.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4)     Unbound, except as indicated in the horizontal section.


 

 

 

 

 

 

 

 

Page31WT/ACC/VNM/48/Add.

2

* Due to lack of technical feasibility.


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

4.      DISTRIBUTION SERVICES

 

Measures applicable to all sub-sectors in Distribution Services:

 

Cigarettes and cigars, books, newspapers and magazines, video records on whatever medium, precious metals and stones, pharmaceutical products and drugs22, explosives, processed oil and crude oil, rice, cane and beet sugar are excluded from the commitments.

 


A. Commission agents' services

(1)

Unbound, except none for:

(1)   Unbound, except as indicated in

 

 

(CPC 621, 61111, 6113, 6121)

 

-

Distribution of products for

 

Mode 1, market access column.

 

 

 

 

 

personal use;

 

 

 


B. Wholesale trade services

 

-

Distribution of legitimate

 

 

 

 

(CPC 622, 61111, 6113, 6121)

 

 

computer software for personal

 

 

 

 

 

 

 

and commercial use.

 

 

 


C. Retailing services

(2)

None.

(2)

None.

 

 

(CPC 631 + 632, 61112, 6113,

(3)

None, except:

(3)

None.

 

 

6121)23

 

A joint venture with a Vietnamese

 

 

 

 

 

 

partner(s) is required, and foreign

 

 

 

 

 

 

capital contribution shall not exceed

 

 

 

 

 

 

49%.  As of 1 January 2008, the

 

 

 

 

 

 

49% capital limitation shall be

 

 

 

 

 

 

abolished.  As of 1 January 2009,

 

 

 

 

 

 

none.

 

 

 

 

 

 

Upon accession, foreign-invested

 

 

 

 

 

 

companies engaging in distribution

 

 

 

 

 

 

services will be permitted to engage

 

 

 

 

 

 

in the commission agents',

 

 

 

 

 

 

wholesale and retail business of all

 

 

 

 

 

 

legally imported and domestically

 

 

 

 

 

 

produced products except for:

 

 

 

 

 

 

cement and cement clinkers; tyres

 

 

 

 

 

 

(excluding tyres of airplanes);

 

 

 

 

 

 

papers; tractors; motor vehicles;

 

 

 

 

 

 

cars and motorcycles; iron and steel;

 

 

 

 

 

 

audiovisual devices; wines and

 

 

 

 

 

 

spirits; and fertilizers.

 

 

 

 

 

 

 

22  For the purposes of this schedule "pharmaceuticals and drugs" do not include non-pharmaceutical nutritional supplements in tablet, capsule or powdered form.

 

23  For transparency purposes, this commitment includes multi-level sales by properly trained and certified Vietnamese individual commission agents away from a fixed location for which remuneration is received both for the sales effort and for sales support services that result in additional sales by other contracted distributors.


 

Page

 

32WT/ACC/VNM/48/Add

.2


Mode of delivery:  (1)  Cross-border supply

(2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

 

As of 1 January 2009, foreign-

 

 

 

 

invested companies engaging in

 

 

 

 

distribution services will be

 

 

 

 

permitted to engage in the

 

 

 

 

commission agents', wholesale and

 

 

 

 

retail business of tractors; motor

 

 

 

 

vehicles; cars and motorcycles.

 

 

 

 

Within 3 years of Viet Nam's

 

 

 

 

accession, foreign-invested

 

 

 

 

companies engaging in distribution

 

 

 

 

services will be permitted to engage

 

 

 

 

in the commission agents',

 

 

 

 

wholesale and retail business of all

 

 

 

 

legally imported and domestically

 

 

 

 

produced products.

 

 

 

 

The establishment of outlets for

 

 

 

 

retail services (beyond the first one)

 

 

 

 

shall be allowed on the basis of an

 

 

 

 

Economic Needs Test (ENT)24.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

horizontal section.

horizontal section.

 

D.   Franchising services

 

(1) (2) None.

(1) (2) None.

 

(CPC 8929)

 

(3)   None, except a joint venture with a

(3)   None, except that the chief of the

 

 

 

Vietnamese partner(s) is required,

branch has to be a resident in

 

 

 

and foreign capital contribution

Viet Nam.

 

 

 

shall not exceed 49%.  As of

 

 

 

 

1 January 2008, the 49% capital

 

 

 

 

limitation shall be abolished.  As of

 

 

 

 

1 January 2009, none.

 

 

 

 

After 3 years from the date of

 

 

 

 

accession, branching is allowed.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

horizontal section.

horizontal section.

 

 

 

 

 

 

24  Applications to establish more than one outlet shall be subject to pre-established publicly available procedures, and approval shall be based on objective criteria. The main criteria of the ENT include the number of existing service suppliers in a particular geographic area, the stability of market and geographic scale.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page33WT/ACC/VNM/48/Add.

2


(4) Unbound, except as indicated in the horizontal section.

 

(4) Unbound, except as indicated in the horizontal section.

 

After 3 years from the date of accession: none.

 

E. Other education services (CPC 929 including foreign language training)

 

Upon accession, only in the form of joint-ventures. Majority foreign ownership of such joint ventures is allowed. As of 1 January 2009, 100% foreign-invested education entities are permitted.

 

D.   Adult education

(CPC 924)

 

C. Higher education services (CPC 923)

 

With regard to points (C), (D), and (E) below:  The education content must be approved by Viet Nam's Ministry of Education and Training.

B.   Secondary education services

(1)   Unbound.

(1)   Unbound.

(CPC 922)

(2)   None.

(2)   None.

(3)   Unbound.

(3)   Unbound.

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

horizontal section.

horizontal section.

(1)   Unbound.

(1)   Unbound.

(2)   None.

(2)   None.

(3) None, except:

(3) Foreign teachers who wish to work in foreign-invested schools shall have at least 5 years of teaching experience, and their qualifications shall be recognized by the competent authority.

 

Only in technical, natural sciences and technology, business administration and business studies, economics, accounting, international law and language training fields.

 

supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Limitations on Market Access

Limitations on National Treatment

Mode of delivery:  (1)  Cross-border

Sectors and sub-sectors

 

5     EDUCATIONAL SERVICES


 

Additional Commitments

PageWT/ACC/VNM/48/Add 34

.2

 


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

6.      ENVIRONMENTAL SERVICES

Access to certain geographic areas may be restricted for national security reasons25.

 

A. Sewage Services

(1)

Unbound, except related consulting

(1)

Unbound, except related consulting

Foreign companies are allowed to do

 

(CPC 9401)

 

services.

 

services.

business activities in Viet Nam in the

 

 

(2)

None.

(2)

None.

form of build-operate-transfer (BOT) and

 

 

(3)

None, except:

(3)

None.

build-transfer-operate (BTO).

 

 

 

Confirming that services supplied in

 

 

 

 

 

 

the exercise of governmental

 

 

 

 

 

 

authority as defined in Article I:3(c)

 

 

 

 

 

 

may be subject to public monopolies

 

 

 

 

 

 

or exclusive rights granted to private

 

 

 

 

 

 

operators.

 

 

 

 

 

 

Upon accession joint ventures

 

 

 

 

 

 

with foreign capital contribution

 

 

 

 

 

 

not exceeding 51 % are allowed

 

 

 

 

 

 

during 4 years after accession.

 

 

 

 

 

 

After that, none.

 

 

 

 

 

(4)

Unbound, except as indicated in

(4)   Unbound, except as indicated in

 

 

 

 

the horizontal section.

 

the horizontal section.

 


B. Refuse disposal services

(1)

Unbound, except related consulting

(1)

None.

Foreign companies are allowed to do

 

(CPC 9402) 26

 

services.

 

 

business activities in Viet Nam in the

 

 

(2)

None.

(2)

None.

form of build-operate-transfer (BOT) and

 

 

(3)

None, except:

(3)

None.

build-transfer-operate (BTO).

 

 

 

Confirming that services supplied in

 

 

 

 

 

 

the exercise of governmental

 

 

 

 

 

 

authority as defined in Article I:3(c)

 

 

 

 

 

 

may be subject to public monopolies

 

 

 

 

 

 

or exclusive rights granted to private

 

 

 

 

 

 

operators.  Foreign ownership is

 

 

 

 

 

 

limited to 51 % during 4 years after

 

 

 

 

 

 

accession.  After that, none.

 

 

 

 

 

 

For the purpose of ensuring public

 

 

 

 

 

 

welfare, foreign-invested enterprises

 

 

 

 

 

 

are restricted from collecting refuse

 

 

 

 

 

25  For greater transparency, this commitment allows the maintenance or adoption of limitations or restrictions for national security reasons that would be justified under Article XIV and Article XIV bis of the GATS.

 

26  Import of refuse is forbidden by law. Treatment and disposal of hazardous waste is regulated by Law.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page35WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply

(2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

 

 

Sectors and sub-sectors

 

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

36Page2.WT/ACC/VNM/48/Add

 

 

 

 

services.

 

services.

 

 

 

 

 

directly from households.  They are

 

 

 

 

 

 

 

 

only permitted to provide services at

 

 

 

 

 

 

 

 

the refuse collection points as

 

 

 

 

 

 

 

 

specified by local municipal and

 

 

 

 

 

 

 

 

provincial authorities.

 

 

 

 

 

 

 

(4)

Unbound, except as indicated in

(4)

Unbound, except as indicated in

 

 

 

 

 

 

the horizontal section.

 

the horizontal section.

 

 


D. Other services

 

(1)

Unbound, except related consulting

(1)

Unbound, except related consulting

 

 

-

Cleaning services of exhaust gases

 

(2)

None.

(2)

None.

 

 

 

(CPC 94040) and noise abatement

 

(3)

None, except:

(3)

None.

 

 

 

services (CPC 94050)

 

 

Confirming that services supplied in

 

 

 

 

 

 

 

 

the exercise of governmental

 

 

 

 

 

 

 

 

authority as defined in Article I:3(c)

 

 

 

 

 

 

 

 

may be subject to public monopolies

 

 

 

 

 

 

 

 

or exclusive rights granted to private

 

 

 

 

 

 

 

 

operators.  Foreign ownership is

 

 

 

 

 

 

 

 

limited to 51 % during 4 years after

 

 

 

 

 

 

 

 

accession.  After that, none.

 

 

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

 

 

horizontal section.

 

horizontal section.

 

 

-

Environmental impact assessment

 

(1)

None.

(1)

None.

 

 

 

services

 

(2)

None.

(2)

None.

 

 

 

(CPC  94090*)

 

(3)

None, except that foreign ownership

(3)

None.

 

 

 

 

 

 

is limited to 51% during 4 years

 

 

 

 

 

 

 

 

after accession.  After that, none.

 

 

 

 

 

 

 

(4)

Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

 

 

 

horizontal section.

 

horizontal section.

 

 


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

7. FINANCIAL SERVICES

 

 

 

 


A. Insurance and Insurance-Related

(1)   None for:

(1)   None.

 

 

Services

 

 

 

 

 

 

-   Insurance services provided to

 

 

a.

Direct insurance

 

enterprises with foreign-invested

 

 

 

 

 

capital, foreigners working in

 

 

 

(a) Life insurance, excl. health

 

Viet Nam;

 

 

 

insurance services

-

Reinsurance services;

 

 

 

(b) Non-life insurance services

-

Insurance services in

 

 

 

 

 

international transportation,

 

 

b.

Reinsurance and retrocession

 

including insurance of risks

 

 

 

 

 

relating to:

 

 

c.

Insurance intermediation (such as

 

 

 

 

 

brokerage and agency)

+

international maritime transport

 

 

 

 

 

and international commercial

 

 

d.

Services auxiliary to insurance

 

aviation, with such insurance to

 

 

 

(such as consultancy, actuarial, risk

 

cover any or all of the following:

 

 

 

assessment and claim settlement)

 

the goods being transported, the

 

 

 

 

 

vehicle transporting the goods

 

 

 

 

 

and any liability arising there-

 

 

 

 

 

from; and

 

 

 

 

+

goods in international transit;

 

 

 

 

-

Insurance broking and

 

 

 

 

 

reinsurance broking services;

 

 

 

 

-

Consultancy, actuarial, risk

 

 

 

 

 

assessment and claim settlement

 

 

 

 

 

services.

 

 

 

Page37WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

(2)

None.

(2)

None.

 

 

(3)

None, except:

(3)

None.

 

 

 

100% foreign-invested insurance

 

 

 

 

 

enterprises shall not be allowed to

 

 

 

 

 

engage in statutory insurance

 

 

 

 

 

business, including motor vehicle

 

 

 

 

 

third party liability, insurance in

 

 

 

 

 

construction and installation,

 

 

 

 

 

insurance for oil and gas projects,

 

 

 

 

 

and insurance for projects and

 

 

 

 

 

construction works of high danger

 

 

 

 

 

to public security and the

 

 

 

 

 

environment.  As of 1 January 2008,

 

 

 

 

 

this limitation shall be abolished.

 

 

 

 

 

After 5 years from the date of

 

 

 

 

 

accession, non-life branches of

 

 

 

 

 

foreign insurance enterprises shall

 

 

 

 

 

be permitted, subject to prudential

 

 

 

 

 

regulations.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)   Unbound, except as indicated in the

 

 

 

horizontal section.

 

horizontal section.

 


Mode of delivery:  (1)  Cross-border supply (2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

B.     Banking and Other Financial Services

 

Commitments with respect to banking and other financial services are undertaken in accordance with relevant laws and regulations promulgated by competent authorities of Viet Nam to ensure the consistency with Article VI of the GATS and Para 2 (a) of the Annex on Financial Services.

 

As a general rule and on a non-discriminatory basis, the offer of banking and other financial services or products is subject to relevant institutional and juridical form requirements.


 

(a)     Acceptance of deposits and other repayable funds from the public

 

(b)    Lending of all types, including consumer credit, mortgage credit, factoring and financing of commercial transaction

 

(c)     Financial leasing

 

(d)    All payment and money transmission services, including credit, charge and debit cards, travellers' cheques and bankers drafts

 

(e)     Guarantees and commitments

 

(f)     Trading for own account or for account of customers, whether on an exchange, in an over-the-counter market or otherwise, the following:

 

-        Money market instrument (including cheques, bills, certificates of deposits);

 

-        Foreign exchange;

 

-        Exchange rate and interest rate instrument incl products such as swaps, forward rate agreements;

-        Bullion.

 

(h)   Money broking


 

(1)     Unbound, except B(k) and B(l).

 

(2)     None.

(3)     None, except:

 

(a)     Foreign credit institutions are only permitted to establish commercial presence in Viet Nam in the following forms:

 

(i)   With respect to foreign commercial banks: representative office, branch of foreign commercial bank, commercial joint venture bank with foreign capital contribution not exceeding 50% of chartered capital, joint venture financial leasing company, 100% foreign-invested financial leasing company, join venture finance company and 100% foreign-invested finance company, and, beginning on 1 April 2007, 100% foreign-owned banks are permitted.

 

(ii)  With respect to foreign finance companies: representative office, joint venture finance company, 100% foreign-invested finance company, joint venture financial leasing company and 100% foreign-invested financial leasing company.


 

(1)     Unbound, except B(k) and B(l).

 

(2)     None.

(3)     None, except:

 

(a)     The conditions for the establishment of a branch of a foreign commercial bank in Viet Nam:

 

-        The parent bank has total assets of more than US$20 billion at the end of the year prior to application.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page39WT/ACC/VNM/48/Add.

2


Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person

Sectors and sub-sectors

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

(i)   Asset management, such as cash or

(iii)  With respect to foreign

 

 

portfolio management, all forms of

financial leasing companies:

 

 

collective investment management,

representative office, joint

 

 

pension fund management,

venture financial leasing

 

 

custodial, depository and trust

company and 100% foreign-

 

 

services

invested financial leasing

 

 

 

company.

 

 

(j)      Settlement and clearing services for

 

 

financial assets, including securities,

(b)   During 5 years from the date of

(b)   The conditions for the establishment

 

derivative products, and other

accession, Viet Nam may limit the

 

of a joint venture bank or a 100%

 

negotiable instruments

right of a foreign bank branch to

 

foreign-owned bank:

 

 

accept deposits in Vietnamese Dong

 

 

(k)

Provision and transfer of financial

from Vietnamese natural persons

-

The parent bank has total assets of

 

information, and financial data

with which the bank does not have a

 

more than US$10 billion at the end

 

processing and related software by

credit relationship to a ratio of the

 

of the year prior to application.

 

suppliers of other financial services

branch's paid-in capital according to

 

 

 

 

the schedule below:

 

 

(l)

Advisory, intermediation and other

 

 

 

 

 

auxiliary financial services on all

-

1 January 2007: 650%

 

 

 

activities listed in subparagraphs

 

of legal paid-in capital;

 

 

 

from (a) to (k), including credit

-

1 January 2008: 800%

 

 

 

reference and analysis, investment

 

of legal paid-in capital;

 

 

 

and portfolio research and advice,

-

1 January 2009: 900%

 

 

 

advice on acquisitions and on

 

of legal paid-in capital;

 

 

 

corporate restructuring and strategy

-

1 January 2010: 1,000%

 

 

 

 

 

of legal-paid-in capital;

 

 

 

 

-   1 January 2011:  Full national

 

 

 

 

 

treatment.

 

 


 

 

Page

 

40WT/ACC/VNM/48/Add

.2


Mode of delivery:  (1)  Cross-border supply (2)

Consumption abroad (3)  Commercial presence (4) Presence of natural person

 

Sectors and sub-sectors

 

Limitations on Market Access

Limitations on National Treatment

Additional Commitments

 

(c)

Equity participation:

(c)

The conditions for the establishment

 

 

 

 

 

 

of a 100% foreign-invested finance

 

 

 

(i)

Viet Nam may limit equity

 

company or a joint venture finance

 

 

 

 

participation by foreign credit

 

company, a 100% foreign-invested

 

 

 

 

institutions in equitized

 

financial leasing company or a joint-

 

 

 

 

Vietnamese state-owned banks

 

venture financial leasing company:

 

 

 

 

to the same level as equity

 

 

 

 

 

 

participation by Vietnamese

-

The foreign credit institution has

 

 

 

 

banks.

 

total assets of more than

 

 

 

(ii) For capital contribution in the

 

US$10 billion at the end of the year

 

 

 

 

form of buying shares, the total

 

prior to application.

 

 

 

 

equity held by foreign

 

 

 

 

 

 

institutions and individuals in

 

 

 

 

 

 

each Viet Nam's joint-stock

 

 

 

 

 

 

commercial bank may not

 

 

 

 

 

 

exceed 30% of the bank's

 

 

 

 

 

 

chartered capital, unless

 

 

 

 

 

 

otherwise provided by

 

 

 

 

 

 

Viet Nam's laws or authorized

 

 

 

 

 

 

by a Viet Nam's competent

 

 

 

 

 

 

authority.

 

 

 

 

(d)

A branch of foreign commercial

 

 

 

 

 

bank:

 

 

 

 

 

-

is not allowed to open other

 

 

 

 

 

 

transaction points outside its

 

 

 

 

 

 

branch office.

 

 

 

 

(e)

Upon accession, foreign credit

 

 

 

 

 

institutions are allowed to issue

 

 

 

 

 

credit cards on a national treatment

 

 

 

 

 

basis.

 

 

 

 

(4)   Unbound, except as indicated in the

(4)

Unbound, except as indicated in the

 

 

 

horizontal section.

 

horizontal section.

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page41WT/ACC/VNM/48/Add.

2


(j) Settlement and clearing services for securities, derivative products, and other securities-related instruments

(k) Provision and transfer of financial information, and related software by suppliers of securities services

(l) Advisory, intermediation and other auxiliary securities-related excluding (f), including investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy (for other services under (l), refer to

(l) under banking sector)

Mode of delivery:  (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4) Presence of natural person