Security services

1. CPTPP :

Appendix NCM I-VN-36: Security system services.

No foreign investment is allowed except through a joint venture or purchase of shares in a Vietnamese Enterprise with the foreign party’s capital contribution not exceeding 49%.

Foreign-invested enterprises are not allowed to provide security system services unless they are specialized enterprises in the field of security system service business, with total capital and assets of at least 500,000 USD. , and has been operating for at least 5 consecutive years, and has not violated the laws of the host country as well as related countries. Foreign individuals are not allowed to provide security system services.

Foreigners are not allowed to work as security guards.

2. Law of Vietnam:

a) Investment form: a joint venture with a Vietnamese security service business in case it is necessary to invest in machinery and technical means for security work and can only be done in the form of a security service provider. foreign businesses contribute capital to purchase machinery and technical means for security work.

b) Foreign investor:

– Being an enterprise operating in security service business continuously for at least 05 years;

– The capital contribution of the foreign business establishment may only be used to purchase technical machinery and equipment in service of security work. The capital contribution of the foreign business establishment is at least 1,000,000 USD (one million USD).

– CPTPP

– Decree No. 96/2016/ND-CP dated July 1, 2016 of the Government stipulating security and order conditions for a number of conditional investment and business lines