Decision No. 01/2021/QD-TTg dated January 05, 2021 of the Prime Minister promulgating the Vietnam’s Classification of International Trade in Services
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.
For further details of the Decision 01/2021/QD-TTg, Click here
translation of the Official Gazette of the Vietnam News Agency
THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, January 5, 2021
Promulgating the Vietnam’s Classification of International Trade in Services
Pursuant to the June 19, 2015 Law on Organization of the Government; the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and Law on Organization of Local Administration;
Pursuant to the November 23, 2015 Statistics Law;
Pursuant to the Government’s Decree No. 94/2016/ND-CP of July 1, 2016, detailing and guiding the implementation of a number of articles of the Statistics Law;
Pursuant to the Government’s Decree No. 85/2017/ND-CP of July 19, 2017, defining the structures, tasks and powers of the centralized statistical system and statistical systems of ministries and ministerial-level agencies;