Private organizations banned from 20 industriesThe Ministry of Industry and Trade (MoIT) has proposed 20 industries from which private organizations are banned, in the latest draft decree on goods and services under State monopoly. The 20 industries include gold bar production, the export and import of materials for the production of gold bars, lotteries, issuing Vietnamese stamps, and cigarettes and cigars. “The State exercises State monopoly in the commercial operations of a number of goods and services in certain areas to ensure the national interest," it states. Indexing goods and services is expected to contribute to enhancing competitiveness between enterprises in Vietnam. The contents of the draft decree have been agreed to by ministries.

Source: VietNamNet News February 14, 2017 03:56 UTC