New economic sector classification system introduced
14 November, 2025
Decision 27/2018/QD-TTg sets out Vietnam’s economic sector classification system, including Vietnam Standard Industrial Classification (“VSIC”) which are used as the basis for companies to define their business activities for licensing purposes.
The Prime Minister recently issued Decision 36/2025/QD-TTg on 29 September providing updated guidance on the VSIC, and is set to take effect and replace Decision 27 from 15 November.
