The latest draft law on investment sent to the National Assembly (NA) Standing Committee for discussion on September 9 lists 11 prohibited business areas compared to eight banned areas in the earlier draft.
The latest draft law on investment sent to the National Assembly (NA) Standing Committee for discussion on September 9 lists 11 prohibited business areas compared to eight banned areas in the earlier draft.
In fact, there are only two more business areas added to the prohibition list: trading of cultural products jeopardizing national security and breaching social morality; and trading of counterfeit and toxic products harmful to human lives and health, except for products listed in the conditional business areas.
Meanwhile, the banned area of human trafficking and prostitution mentioned in the initially proposed list is now split into prostitution business and trafficking of humans and human organs.
The updated draft only suggests banning trading of GMO animals instead of GMO products in general as proposed earlier, which means production of genetically-modified plants such as corn can be approved.
Eleven business areas which are to be banned include:
- Trading of military weapons and equipment; specialized military and police vehicles; military equipment for the armed forces; specialized components, parts, accessories, equipment, specialized technology to produce such items, except for ones produced on the State’s orders;
- Trading of drugs prescribed in Appendix 1 of the law, except for the use for analysis, testing, scientific research, medicine, criminal investigation under the provisions of the State;
- Trading of chemicals in Table 1 in accordance with the international conventions in Appendix 2 of the law;
- Trading of firecrackers, except for signal flares, toy crackers under the provisions of the State;
- Prostitution business;
- Trafficking of humans and human organs;
- Trading of wild plants and animals mentioned in Appendix 1 of the Convention on International Trade in Endangered Species (CITES), endangered, rare plants and animals of Group 1 mentioned in Appendix 3 of the law;
- Activities related to human cloning;
- Trade in GMO animals;
- Trade in cultural products jeopardizing national security and breaching social morality;
- Trade in counterfeit and toxic products risking human lives and health, except for products listed in the conditional business areas portfolio.
(Source:SGT)
