The Vietnam’s Classification of International Trade in Services
On January 05, 2021, the Prime Minister issues the Decision No. 01/2021/QD-TTg promulgating the Vietnam’s Classification of International Trade in Services.
Accordingly, the Vietnam’s Classification of International Trade in Services includes 05 levels: Services for export and import goods processing; Maintenance and repair services which have not been detailed elsewhere; Service of transportation; Tourism and other travel services; Construction services; Insurance and retirement services; Financial services; Fees for use of intellectual property rights; Computer, information and telecommunications services; Personal, cultural and entertainment services; etc.
Besides, Level-1 sector comprises 12 services encoded in 2 digits from 1 to 12; Level-2 sector comprises 45 services encoded in 4 digits according to the corresponding level-1 sector; Level-3 sector comprises 95 services encoded in 5 digits according to the corresponding level-2 sector; Level-4 sector comprises 136 services encoded in 6 digits according to the corresponding level-3 sector; Level-5 sector comprises 168 services encoded in 7 digits according to the corresponding level-4 sector.
This Classification also provides clear explanations of services for international trade, including the concepts and identities of activities of international trade in services and services covered and services not covered by statistics of international trade in services.
This Decision takes effect on March 01, 2021.