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ARTICLE · 24 DECEMBER 2014

Food & Beverage Liberalisation And Vietnam's WTO Commitments

Mayer Brown
Mayer Brown
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It has been seven years since Vietnam became a member of the World Trade Organisation (WTO).

VietnamInternational Law

Keywords: WTO, foreign investment, Vietnam

It has been seven years since Vietnam became a member of the World Trade Organisation (WTO). Since its accession, there are a number of service sectors which have been liberalised to foreign investors pursuant to the Specific Commitments in Services of Vietnam to WTO ("WTO Commitments"). A boom of liberalised sectors occurred in 2012, when most of restrictions on foreign investment capital were lifted in accordance with the WTO Commitments. In this Legal Update, we will look at what sectors were liberalised in 2014 and what sectors will further open to foreign investment as we usher in to 2015.

2014 Liberalisations

In 2014, a few more service sectors were open to up to 100 percent foreign investment. As of 11 January 2014, Vietnam committed to opening the market to foreign investment with respect to (i) container stations and depot services, (ii) storage and warehouse services (CPC 742), and (ii) freight transport

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