VSIC 2018 · Foreign ownership
The only Vietnamese industry-classification lookup that maps each activity to its foreign ownership rule, minimum capital, and the way into the market.
Search 1,549 VSIC 2018 activities by plain-English description or by code, across all five levels.
Every activity is being mapped to the Law on Investment negative list: open to 100%, capped, or closed.
Minimum capital, the IRC and ERC route, and the right structure for your goal in Vietnam.
The rule behind the code
In the Vietnam your classification does not carry the foreign-ownership rule on its own. That rule lives in the Law on Investment negative list and the minimum-capital law. We do the crosswalk, so each code tells you where you actually stand, and Emerhub handles the filings.
Check your activity with EmerhubOpen to 100%
Most codesNot on the negative list. A wholly foreign-owned LLC or JSC is viable, subject to the charter-capital expectations.
Conditional
23 activitiesForeign ownership permitted, often to 100%, but a sector sub-licence or regulatory approval is required.
Capped (30-51%)
12 activitiesForeign equity limited to a ceiling. A joint venture with a Vietnamese partner is the usual route.
Closed or prohibited
19 activitiesNot open to foreign equity, or banned for all investors. Emerhub can map a compliant alternative.
Live now. Every class and sub-class page shows its ownership verdict, minimum capital, and route.
The directory
All 21 sections of VSIC 2018, from agriculture to extra-territorial bodies.
A wholly foreign-owned LLC, a joint venture for a capped activity, employer of record, or product holding. Emerhub runs the IRC and ERC filings for whichever route fits your activity.
