Decree declares state monopoly in 20 goods, services

The government has issued Decree No. 94/2017/ND-CP declaring the State will hold the monopoly in the production and trading of 20 goods and services as from October 1 this year.
decree declares state monopoly in 20 goods services

The decree lists the goods and services as follows:

1. Goods and services used for defense and security purposes;

2. Production, trade, import-export and transit transport of industrial explosives;

3. Production of gold bars;

4. Export-import of material gold for making gold bars

5. Issuing state lottery;

6. Import of cigarettes and cigars (exclusive of duty-free stores);

7. Management, export-import, purchase, sale, storage and preservation of goods named in the national reserves list;

8. Money printing and minting;

9. Issuance of Vietnam’s postal stamps;

10. Production, export-import, purchase, sale, transport and storage of fireworks and supply of related services;

11. Transmitting and controlling the national power grid; construction and operation of multi-purpose hydropower plants and nuclear power facilities of special socio-economic importance;

12. Public services ensuring navigation safety (operation of lighthouses and public navigational passages);

13. Management and operation of coastal information facilities;

14. Services related to flight control, aviation information and aviation search & rescue;

15. Management and exploitation of national and urban railway infrastructures invested by the State, exclusive of maintenance services;

16. Management and exploitation of inter-provincial, inter-district irrigation and water supply systems for agriculture, and sea embankments;

17. Supply of forestry services in special-use forests, exclusive of forests for sightseeing that the State leases to economic organizations to protect and develop for tourism purposes;

18. Publishing, exclusive of printing and distribution activities;

19. Maintenance, management and exploitation of public postal service networks;

20. Supply of public services for newspaper publishing.

The decree points out that the State only holds monopoly in essential goods and services that are related to defence and security and national interests or in areas which the private sector does not wish to operate in or is not capable of doing.

Source: VOV

Related News

Closely control imported products traded via e-commerce

Closely control imported products traded via e-commerce

VCN – The General Department of Vietnam Customs has directed local customs departments to strengthen control and supervision for imported goods traded via e-commerce.
Regulating goods across Huu Nghi International Border Gate during peak times

Regulating goods across Huu Nghi International Border Gate during peak times

VCN – In order to reduce the pressure on customs clearance of import and export goods for the international border gate pair during peak times, the management agency of Lang Son (Vietnam) has just discussed with the management authority of Pingxiang (China) to strengthen coordination in regulating the means of transporting goods of enterprises on both sides.
Tax sector determines to take enterprises as the center of service

Tax sector determines to take enterprises as the center of service

VCN - That was the affirmation of Deputy General Director of the General Department of Taxation Mai Son at the Tax - Customs forum in 2024 organized by Vietnam Financial Times on the afternoon of October 16, 2024.
Steel industry proactively “coexists” with trade defense lawsuits

Steel industry proactively “coexists” with trade defense lawsuits

VCN - Having regularly to respond to trade defense lawsuits is a big challenge for the Vietnamese steel industry, but this is an opportunity for steel enterprises to improve their competitiveness and integrate more deeply into the global steel market.

Latest News

PM urges IMF to continue supporting Việt Nam

PM urges IMF to continue supporting Việt Nam's macroeconomic development

Prime Minister Phạm Minh Chính received a delegation of the International Monetary Fund (IMF)’s 2024 Article IV Mission to Việt Nam led by its head Paulo Medas in Hà Nội on November 15.
State President concludes official visit to Peru, attendance at APEC Leaders’ Week

State President concludes official visit to Peru, attendance at APEC Leaders’ Week

State President Luong Cuong and a high-ranking delegation of Vietnam left Lima on November 16 afternoon (local time), concluding their official visit to Peru and attendance at the 2024 APEC Leaders’ Week at the invitation of Peruvian President Dina Boluarte.
What do businesses need for digital transformation?

What do businesses need for digital transformation?

VCN - According to experts, to support businesses in successful digital transformation, the state needs to complete the policy framework and testing mechanism (sandbox) for the development of digital economy, green economy, circular economy and new business models. At the same time, reform institutions to attract investment in digital technology in the direction of maximizing convenience for capital contribution, share purchase, merger and acquisition of digital technology enterprises. Create a favorable environment to promote digital transformation and support business development.
State leader meets with New Zealand

State leader meets with New Zealand's PM in Lima

State President Luong Cuong had a meeting with Prime Minister of New Zealand Christopher Luxon in Lima on November 15 (local time), while there to participate in the APEC 2024 Leaders’ Week in Peru.

More News

Vietnam actively contributes to promoting multilateralism: Brazilian historian

Vietnam actively contributes to promoting multilateralism: Brazilian historian

Vietnam always makes active and effective contributions to promoting multilateralism in the world, contributing to building a world of peace, stability, and sustainable development, General Secretary of the Brazil-Vietnam Friendship Association (ABRAVIET) Pedro de Oliveira has said.
Vietnamese PM to attend G20 Summit in Brazil, visit Dominican Republic

Vietnamese PM to attend G20 Summit in Brazil, visit Dominican Republic

Prime Minister Pham Minh Chinh and his spouse will lead a high-ranking delegation of Vietnam to attend the G20 Summit in Rio de Janeiro, Brazil, from November 16 to 19.
Việt Nam, Peru issue joint declaration

Việt Nam, Peru issue joint declaration

The two leaders reaffirmed their commitments to advancing measures to increase bilateral investment in a responsible, sustainable, and inclusive manner, in accordance with principles of efficiency and integrity.
Parliamentary cooperation – a key pillar of Vietnam-Peru relations: leaders

Parliamentary cooperation – a key pillar of Vietnam-Peru relations: leaders

Vietnam’s State President Luong Cuong and President of the Congress of Peru Eduardo Sanjuana agreed on the need to strengthen parliamentary cooperation, a key pillar of the two countries' diplomatic ties, at their meeting in Lima on November 13 afternoon (local time).
Vietnamese businesses in the face of the wave of international e-commerce platforms: Benefits and challenges

Vietnamese businesses in the face of the wave of international e-commerce platforms: Benefits and challenges

VCN - In the context of the increasingly vibrant e-commerce market in Vietnam, the emergence of international e-commerce platforms with attractive incentives is creating a new wave for consumers. However, this development not only brings benefits but also poses many challenges for Vietnamese businesses, especially small and medium enterprises.
Vietnam's digital economy continues to record double-digit growth: Report

Vietnam's digital economy continues to record double-digit growth: Report

Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.
Available foundations and drivers for strong economic growth

Available foundations and drivers for strong economic growth

VCN - Discussing the potential for Vietnam's economic growth in the coming time, Associate Professor, Dr. Tran Hoang Ngan, National Assembly delegate from Ho Chi Minh City said that Vietnam's economy has many driving forces for strong growth from exports, foreign investment and domestic consumption. At the same time, strong financial resources are also an important foundation for development.
Vice State President holds talks with Swedish PM

Vice State President holds talks with Swedish PM

Vice State President Vo Thi Anh Xuan held talks with Swedish Prime Minister Ulf Kristersson on November 11, as part of her on-going official visit to the West European country, during which the two sides agreed to further deepen bilateral relations in the time to come.
State President attends Chile ceremony marking Army’s 80th anniversary

State President attends Chile ceremony marking Army’s 80th anniversary

The Vietnamese Ministry of Defence hosted a solemn ceremony in Chile’s capital city of Santiago on the evening of November 11 (local time) to celebrate the 80th anniversary of the establishment of the Vietnam People’s Army (VPA) and the 35th anniversary of the All-People’s National Defence Day (December 22, 1989-2024).
Read More

Your care

Latest Most read
PM urges IMF to continue supporting Việt Nam

PM urges IMF to continue supporting Việt Nam's macroeconomic development

Prime Minister Phạm Minh Chính received a delegation of the International Monetary Fund (IMF)’s 2024 Article IV Mission to Việt Nam led by its head Paulo Medas in Hà Nội on November 15.
State President concludes official visit to Peru, attendance at APEC Leaders’ Week

State President concludes official visit to Peru, attendance at APEC Leaders’ Week

State President Luong Cuong and a high-ranking delegation of Vietnam left Lima on November 16 afternoon (local time), concluding their official visit to Peru and attendance at the 2024 APEC Leaders’ Week at the invitation of Peruvian President Dina Boluarte.
What do businesses need for digital transformation?

What do businesses need for digital transformation?

According to experts, to support businesses in successful digital transformation, the state needs to complete the policy framework and testing mechanism (sandbox) for the development of digital economy, green economy, circular economy and new business mod
State leader meets with New Zealand

State leader meets with New Zealand's PM in Lima

State President Luong Cuong had a meeting with Prime Minister of New Zealand Christopher Luxon in Lima on November 15 (local time), while there to participate in the APEC 2024 Leaders’ Week in Peru.
Vietnam actively contributes to promoting multilateralism: Brazilian historian

Vietnam actively contributes to promoting multilateralism: Brazilian historian

Vietnam always makes active and effective contributions to promoting multilateralism in the world, contributing to building a world of peace, stability, and sustainable development, General Secretary of the Brazil-Vietnam Friendship Association (ABRAVIET) Pedro de Oliveira has said.
Mobile Version