Ministry to propose 67 conditional business lines be permittedAt least 67 conditional business sectors in the Law on Investment may be removed in an attempt to create a more favorable business and investment environment. The draft will also add new business conditions, which MPI policymakers believe will facilitate foreign investment in the country if approved. Significantly, foreign investors will be allowed to own unlimited shares in local business organizations, except in certain cases, under the MPI draft. The government has vowed to create a more favorable business and investment environment for all kind of enterprises. New business registrations have shown signs of recovery, according to the latest figures from MPI’s Business Registration Management Bureau.

Source: VietNamNet News September 08, 2016 23:48 UTC