The value of the cosmetic industry in Vietnam is forecast to double by 2020 reaching US$2.2 billion. Furthermore, Vietnam has worked on reducing tax prices of imported cosmetics by 0-5% through several free trade agreements signed with other countries.
The current development of the cosmetic sector in Vietnam indicates tremendous potential for foreign entrepreneurs with perfumes, make-up, hair products and essential oil being the most promising cosmetic items.
As such more and more foreign brands are willing to register their cosmetics in Vietnam and grab a piece of its potential, in fact, out of the 400 cosmetic businesses registered in Vietnam, 90 percent are owned by foreign investors — mostly from Korea (30%), Europe (23%) and Japan (17%).
Cosmetics are defined as substances or a preparation used externally and applied to outer parts of human body (skin, hair, fingernails, lips) or teeth and mouth mucous membrane with the main purpose to clean, aromatize, change the external characteristics or form, or adjust body’s smell.
In Vietnam, the registration process of imported cosmetics is managed by the Drug Administration of Vietnam (DAV) under the Vietnam Ministry of Health (MOH) through its safety regulations and certificates.
Furthermore, importers and exporters are required to obtain relevant local certificates before they start trading their products.
Registration Process of Cosmetics in Vietnam
To register a cosmetic product in Vietnam, the application dossier must consist of:
- Proclamation report of cosmetics
- Company registration certificate
- The power of attorney of the producer/owner of the product
- Free sales certificate
Also, a product registration file that consists of four parts (as follows) is required:
- Product descriptions and summary of administrative documents
- Product quality
- Materials quality
- Safety and efficiency
Safety of Cosmetics
Cosmetics producers and owners are obliged to assess their cosmetic products safety according to the ASEAN (The Association of Southeast Asian Nations) safety guideline and attributes.
Annex 06-MP specifies restrictions set out for heavy metals and microbial parameters. The ASEAN Cosmetic Treaty stipulates other requirements regarding safety.
The requirements are strict in order to prevent health-related issues as cosmetic products are in direct contact with the human body. Therefore, both locally produced and imported cosmetics must go through proclamation procedure before the products can be distributed on the Vietnamese market.
All cosmetics products that are intended to be sold on the Vietnamese market must obtain DAV registration documents. Applicants will receive the registration number within three working days after the authority approves the application, and the registration fee is paid.
The registration number is valid for five years and can be extended before its expiration date. The registration fee is applicable as well.
Register Cosmetics in Vietnam with Cekindo
Cekindo is here to assist you and guide you through the whole process of cosmetic products registration in Vietnam. Contact us today, and we will get back to you with a free quotation on your specific cosmetic products.