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Israel - Vietnam FTA (2023)
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Performance Requirements

Senior Management and Boards of Directors

Description: Investment

Viet Nam reserves the right to adopt or maintain any measure to regulate mining and quarrying (including oil and gas) related activities carried out within the territory or jurisdiction of Viet Nam.

Existing measures: - Law on Investment No. 61/2020/QH14 dated 17 June 2020

- Law on Minerals No. 60/2010/QH12 dated 17 November 2010

- Law on Oil and Gas No. 51/VBHN-VPQH dated 10 December 2018

- Law on Oil and Gas No.10/2008/QH12 dated 03 June 2008 amending Law on Oil and Gas No. 19/2000/QH10 dated 9 June 2000

- Decree No. 31/2021/ND-CP dated 26 March 2021

- Decree No. 158/2016/ND-CP dated 29 November 2016

- Decree No. 95/2015/ND-CP dated 19 October 2015

- Decree No. 17/2020/ND-CP dated 05 February 2020

- Administrative measures

35 Sector: Manufacturing

Sub-sector: Production of industrial explosive devices (ISIC 2429)

Cement production (ISIC 2694)

Automobile assembly and manufacture (ISIC 3410)

Motorcycle assembly and manufacture (ISIC 3591)

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Performance Requirements

Senior Management and Boards of Directors

Description: Investment

Viet Nam reserves the right to adopt or maintain measures which may give preferences to local investors.

Existing measures: - Law on Investment No. 61/2020/QH14 dated 17 June 2020

- Law on Minerals No. 60/2010/QH12 dated 17 November 2010

- Decree No. 31/2021/ND-CP dated 26 March 2021

- Decree No. 158/2016/ND-CP dated 29 November 2016

- Decision No. 1834/QD-TTg dated 28 October 2015

- Decree No. 71/2018/ND-CP dated 15 May 2018

- Decision No. 1469/QD-TTg dated 22 August 2014

- Decision No. 02/2007/QD-BCT dated 29 August 2007

36 Sector: Manufacturing

Sub-sector: - Processing of aqua-product and canned seafood (ISIC 1512)

- Vegetable oil production and processing (ISIC 1514)

- Dairy processing (ISIC 1520)

- Leather tanning (ISIC 1911)

- Paper production (ISIC 2101)

- Production of automobile tires and tubes up to 450mm (ISIC 2511)

- Production of rubber gloves, labour sanitary boots (ISIC 2520)

- Assembly of marine engines (ISIC 2911)

- Production of electro-mechanical and refrigeration equipment (ISIC 2919)

- Manufacturing of cultivation, processing, reaping machines, insecticide pumps, spare parts of agricultural machines and engines (ISIC 2921)

- Manufacturing and assembling of transport vehicles (ISIC 3410)

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Performance Requirements

Senior Management and Boards of Directors

Description: Investment

Viet Nam reserves the right to adopt or maintain technology and/or environment and/or quality requirements in these above subsectors.

Existing measures:

- Decision No. 1211/QD-TTg dated 24 July 2014

- Decision No. 38/2016/QD-TTg dated 14 September 2016

- Decision No. 6209/QD-BCT dated 25 November 2010

- Decision No. 16/2019/QD-TTg dated 28 March 2019

- Decree No. 08/2022/ND-CP dated 10 January 2022

- Decree No. 09/2018/ND-CP dated 15 January 2018

- Decree No. 15/2018/ND-CP dated 02 February 2018

37 Sector: Mineral and natural resources investigation, exploitation, prospecting and using

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Local Presence

Performance Requirements

Senior Management and Boards of Directors

Description: Cross Border Trade in Services and Investment

Viet Nam reserves the right to adopt or maintain any measure withrespect to mineral and natural resources investigation, exploitation, prospecting and using.

Existing measures:

- Law on Investment No. 61/2020/QH14 dated 17 June 2020

- Law on Minerals No. 60/2010/QH12 dated 17 November 2010

- Law on Environment Protection No. 72/2020/QH14 dated 17 November 2020

- Decree No. 31/2021/ND-CP dated 26 March 2021

- Decree No. 158/2016/ND-CP dated 29 November 2016

38 Sector: Fishery

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Performance Requirements

Senior Management and Boards of Directors

Description: Investment

Viet Nam reserves the right to adopt or maintain any measure in relation to fishery activities within Viet Nam sovereignty and jurisdiction waters as defined in accordance with the 1982 United Nations Convention on theLaw of the Sea (UNCLOS).

No investment license shall be issued to foreign investors (20) in:

(20) For the purpose of this reservation, the term “Foreign investor” can be found in the Law on Investment, 2020.

- Fresh-water fishing, marine fishing (ISIC 0500)

- Coral and natural pearl exploitation (ISIC 0500)

Existing measures:

- Law on Investment No. 61/2020/QH14 dated 17 June 2020

- Law on Fishery No.18/2017/QH14 dated 21 November 2017

- Decree No. 31/2021/ND-CP dated 26 March 2021

- Decree No. 14/2009/ND-CP dated 13 February 2009

- Decree No. 26/2019/ND-CP dated 08 March 2019

- Circular 02. 2018/TT-BNNPTNT dated 31 January 2018 amending Circular No. 62/2008/TT-BNN dated 20 May 2008

39 Sector: Forestry and Hunting

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Performance Requirements

Senior Management and Boards of Directors

Description: Investment

Viet Nam reserves the right to adopt or maintain any measure relating to investment in forestry and hunting activities.

Existing measures: - Administrative measures

- Law on Forestry No. 16/2017/QH14 dated 15 November 2017

40 Sector: Traditional Markets

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Local Presence

Performance Requirements

Senior Management and Boards of Directors

Description: Cross Border Trade in Services and Investment

Viet Nam reserves the right to adopt or maintain any measure with respect to traditional markets.

Existing measures:

41 Sector: All Sectors

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

Local Presence

Performance Requirements

Senior Management and Boards of Directors

Description: Cross Border Trade in Services and Investment

Viet Nam reserves the right to adopt and maintain any measures relating to any new services other than those classified positively and explicitly in CPC Prov ST/ESA/STAT/SER.M/77, 1991 or services that were not technically feasible on the date of entry into force of this Agreement.

Existing measures:

42 Sector: Geodesic and cartography

Sub-sector:

Obligations Concerned:

Market Access

National Treatment

Most-Favoured-Nation Treatment

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  • Chapter   1 INITIAL PROVISIONS AND GENERAL DEFINITIONS 1
  • Section   A Initial Provisions 1
  • Article   1.1 Establishment of a Free Trade Area 1
  • Article   1.2 Objectives 1
  • Article   1.3 Relation to other Agreements 1
  • Article   1.4 Extent of Obligations 1
  • Section   B General Definitions 1
  • Article   1.5 Definitions of General Application 1
  • Chapter   2 TRADE IN GOODS 1
  • Article   2.1 Definitions 1
  • Article   2.2 Scope and Coverage 1
  • Article   2.3 National Treatmebt 1
  • Article   2.4 Reduction or Elimination of Customs Duties 1
  • Article   2.5 Import and Export Restrictions 1
  • Article   2.6 Trade Related Non-Tariff Measures 1
  • Article   2.7 Import Licensing 1
  • Article   2.8 Administrative Fees and Formalities 1
  • Article   2.9 Agricultural Export Subsidies 1
  • Article   2.10 Administration of Trade Regulations 1
  • Article   2.11 Contact Points and Consultations 1
  • Article   2.12 Sub-Committee on Trade In Goods 1
  • Chapter   3 RULES OF ORIGIN 1
  • Article   3.1 Definitions 1
  • Article   3.2 Originating Good 1
  • Article   3.3 Cumulation of Origin 2
  • Article   3.4 Wholly Obtained Goods 2
  • Article   3.5 Sufficiently Worked or Processed Goods 2
  • Article   3,6 De Minimis 2
  • Article   3.7 Insufficient Working or Processing 2
  • Article   3.8 Unit of Qualification 2
  • Article   3.9 Accounting Segregation 2
  • Article   3.10 Accessories, Spare Parts and Tools 2
  • Article   3.11 Sets 2
  • Article   3.12 Neutral Elements 2
  • Article   3.13 Principle of Territoriality 2
  • Article   3.14 Direct Transport 2
  • Article   3.15 Exhibitions 2
  • Article   3.16 Proof of Origin 2
  • Article   3.17 Electronic Origin Data Exchange 2
  • Article   3.18 Procedures for the Issuance of Certificates of Origin 2
  • Article   3.19 Certificates of Origin Issued Retrospectively 2
  • Article   3.20 Duplicate Certificates of Origin 2
  • Article   3.21 Approved Exporter 2
  • Article   3.22 Conditions for Making Out an Origin Declaration 2
  • Article   3.23 Validity of Proofs of Origin 2
  • Article   3.24 Submission of Proofs of Origin 2
  • Article   3.25 Importation by Instalments 2
  • Article   3.26 Exemptions from Proofs of Origin 2
  • Article   3.27 Supporting Documents 3
  • Article   3.28 Preservation of Proofs of Origin and Supporting Documents 3
  • Article   3.29 Discrepancies and Formal Errors 3
  • Article   3.30 Mutual Assistance 3
  • Article   3.31 Verification of Proofs of Origin 3
  • Article   3.32 Denial of Preferential Treatment 3
  • Article   3.33 Dispute Settlement 3
  • Article   3.34 Amendments to the Chapter 3
  • Article   3.35 Sub-Committee on Customs and Rules of Origin 3
  • Chapter   4 CUSTOMS ADMINISTRATION AND TRADE FACILITATION 3
  • Article   4.1 Customs Cooperation 3
  • Article   4.2 Customs Procedures 3
  • Article   4.3 Release of Goods 3
  • Article   4.4 Risk Management 3
  • Article   4.5 Transparency 3
  • Article   4.6 Advance Rulings 3
  • Article   4.7 Review and Appeal 3
  • Article   4.8 Confidentiality 3
  • Article   4.9 Subcommittee on Customs and Rules of Origin 3
  • Chapter   5 Trade Remedies 3
  • Section   A Bilateral Safeguard Measures 3
  • Article   5.1 Definitions 3
  • Article   5.2 Application of a Bilateral Safeguard Measure 3
  • Article   5.3 Limitations for Applying a Bilateral Safeguard Measure 3
  • Article   5.4 Investigation Procedures 3
  • Article   5.5 Provisional Bilateral Safeguard Measures 3
  • Article   5.6 Notification and Consultations 3
  • Article   5.7 Compensation 3
  • Section   B Global Safeguard Measures 3
  • Article   5.8 Imposition of Global Safeguard Measures 3
  • Section   C Anti-dumping and Countervailing Measures 4
  • Article   5.9 Anti-dumping and Countervailing Measures 4
  • Section   D General Provision 4
  • Article   5.10 Selection of Measures 4
  • Chapter   6 SANITARY AND PHYTOSANITARY MEASURES 4
  • Article   6.1 Definitions 4
  • Article   6.2 Objectives 4
  • Article   6.3 Scope 4
  • Article   6.4 General Provisions 4
  • Article   6.5 SPS Contact Points 4
  • Article   6.6 Adaptation to Regional Conditions 4
  • Article   6.7 Equivalence 4
  • Article   6.8 Procedure of Listing Establishments 4
  • Article   6.9 Communication and Exchange of Information 4
  • Article   6.10 Sub-Committee on SPS 4
  • Article   6.11 Technical Cooperation 4
  • Article   6.12 Consultations 4
  • Article   6.13 Emergency Measures 4
  • Chapter   7 TECHNICAL BARRIERS TO TRADE 4
  • Article   7.1 Definitions 4
  • Article   7.2 Objectives 4
  • Article   7.3 Scope 4
  • Article   7.4 General Provisions 4
  • Article   7.5 International Standards, Guides and Recommendations 4
  • Article   7.6 Conformity Assessment Procedures 4
  • Article   7.7 Transparency 4
  • Article   7.8 Information Exchange and Technical Discussions 4
  • Article   7.9 Cooperation on TBT Related Issues 5
  • Article   7.10 Sub-Committee on Technical Barriers to Trade 5
  • Article   7.11 Contact Points 5
  • Chapter   8 Cross-Border Trade In Services 5
  • Article   8.1 Definitions 5
  • Article   8.2 Scope 5
  • Article   8.3 National Treatment 5
  • Article   8.4 Most-Favoured-Nation Treatment (3) 5
  • Article   8.5 Market Access 5
  • Article   8.6 Local Presence 5
  • Article   8.7 Non-Conforming Measures 5
  • Article   8.8 Domestic Regulation 5
  • Article   8.9 Transparency In Developing and Applying Regulations (5) 5
  • Article   8.10 Recognition 5
  • Article   8.11 Payments and Transfers 5
  • Article   8.12 Restrictions to Safeguard the Balance-of-Payments 5
  • Article   8.13 Denial of Benefits 5
  • Article   8.14 Exceptions 5
  • Chapter   9 INVESTMENT 5
  • Section   A General Provision 5
  • Article   9.1 Definitions 5
  • Article   9.2 Scope and Coverage 6
  • Article   9.3 Right to Regulate 6
  • Section   B Non-Discrimination and Liberalisation of Investment 6
  • Article   9.4 National Treatment 6
  • Article   9.5 Most-Favoured Nation Treatment 6
  • Article   9.6 Performance Requirements 6
  • Article   9.7 Senior Management and Board of Directors 6
  • Article   9.8 Non-Conforming Measures 6
  • Article   9.9 Special Formalities and Information Requirements 6
  • Section   C Investment Promotion and Protection 6
  • Article   9.10 Scope of Investment Protection 6
  • Article   9.11 Treatment of Investments 6
  • Article   9.12 Losses and Compensation 6
  • Article   9.13 Expropriation and Compensation (4) 6
  • Article   9.14 Transfers (6) 6
  • Article   9.15 Subrogation 6
  • Article   9.16 Taxation Measures (7) 7
  • Article   9.17 Denial of Benefits 7
  • Article   9.18 General Exceptions 7
  • Section   D Investor – State Dispute Settlemen 7
  • Article   9.19 Consultation and Negotiation 7
  • Article   9.20 Submission of Claim to Arbitration 7
  • Article   9.21 Consent of Each Party to Arbitration 7
  • Article   9.22 Conditions and Limitations on Consent of Each Party 7
  • Article   9.23 Selection of Arbitrators 7
  • Article   9.24 Place of Arbitration 7
  • Article   9.25 Places of Hearings and Procedural Language 7
  • Article   9.26 Conduct of Arbitration 7
  • Article   9.27 Third-Party Funding 7
  • Article   9.28 Governing Law 7
  • Article   9.29 Awards 7
  • Section   E Final Provisions 7
  • Article   9.30 Duration and Termination 7
  • Annex 9A   Expropriation 7
  • Annex 9B   Temporary Safeguard Measures 8
  • Annex 9C   Taxation and Expropriation 8
  • Annex 9D   Submission of a Claim to Arbitration with respect to Subparagraphs 2(b) and 2(c) of Article 9.22 (Conditions and Limitations on Consent of Each Party) 8
  • Chapter   10 GOVERNMENT PROCUREMENT 8
  • Article   10.1 Cooperation 8
  • Article   10.2 Information on the Procurement System 8
  • Article   10.3 Consultations 8
  • Article   10.4 Non-Application of Dispute Settlement 8
  • Article   10.5 Contact Points 8
  • Article   10.6 Review 8
  • Chapter   11 EXCEPTIONS 8
  • Article   11.1 General Exceptions 8
  • Article   11.2 Security Exceptions 8
  • Article   11.3 Taxation 8
  • Article   11.4 Disclosure of Information 8
  • Chapter   12 TRANSPARENCY 8
  • Article   12.1 Publication 8
  • Article   12.2 Provision of Information 8
  • Article   12.3 Administrative Proceedings 8
  • Chapter   13 ADMINISTRATION OF THE AGREEMENT 8
  • Article   13.1 Establishment of the Joint Committee 8
  • Article   13.2 Procedures of the Joint Committee 8
  • Article   13.3 Functions of the Joint Committee 8
  • Article   13.4 Establishment of Subcommittees, Working Groups and other Bodies 8
  • Article   13.5 Free Trade Agreement Coordinators 8
  • Chapter   14 DISPUTE SETTLEMENT 8
  • Article   14.1 Objective 8
  • Article   14.2 Scope 9
  • Article   14.3 Mutually Agreed Solution 9
  • Article   14.4 Consultations 9
  • Article   14.5 Good Offices, Conciliation or Mediation 9
  • Article   14.6 Choice of Forum 9
  • Article   14.7 Qualification of Arbitrators 9
  • Article   14.8 Request for the Establishment of an Arbitral Tribunal 9
  • Article   14.9 Terms of Reference of the Arbitral Tribunal 9
  • Article   14.10 Composition of the Arbitral Tribunal 9
  • Article   14.11 Function of Arbitral Tribunals 9
  • Article   14.12 Proceedings of Arbitral Tribunals 9
  • Article   14.13 Suspension and Termination of Proceedings 9
  • Article   14.14 Implementation of Report 9
  • Article   14.15 Compensation and Suspension of Benefits 9
  • Article   14.16 Time Frames 9
  • Article   14.17 Remuneration and Expenses 9
  • Annex 14-A   RULES OF PROCEDURE 9
  • Annex 14-B   CODE OF CONDUCT 10
  • UNDERTAKING IN THE MATTER OF PROCEEDING (TITLE) 10
  • Chapter   15 FINAL PROVISIONS 10
  • Article   15.1 Annexes, Appendices and Footnotes 10
  • Article   15.2 Amendments 10
  • Article   15.3 Entry Into Force 10
  • Article   15.4 Duration and Termination 10
  • Article   15.5 Amendments to the WTO Agreement 10
  • ANNEX I   RESERVATIONS FOR EXISTING MEASURES SCHEDULE OF THE STATE OF ISRAEL 10
  • ANNEX II   RESERVATIONS FOR FUTURE MEASURES. SCHEDULE OF THE STATE OF ISRAEL 12
  • ANNEX I   RESERVATIONS FOR EXISTING MEASURES. SCHEDULE OF VIET NAM 17
  • ANNEX II   RESERVATIONS FOR FUTURE MEASURES. SCHEDULE OF VIET NAM 21
  • Appendix II-A   Viet Nam 26
    • Name
    Israel - Vietnam FTA (2023)
    PDF Link
    Israel - Vietnam FTA (2023)
    Signed date
    25 / Jul / 2023
    Date into force
    11 / Nov / 2024
    Treaty type
    Other International Investment Agreements
    Party ISO codes
    ISR,VNM
    PDF
    PDF
    Original PDF
    Original PDF