Posted 2.12. 2020 by Cekindo
Vietnam cosmetics market has become burgeoning investment heaven for many local and foreign investors. According to Statista.com, the cosmetics demand in Vietnam has spiked shockingly, with cosmetics import increased more than twice the amount since 2010: US$ 355 million in 2010 compared to US$ 790 million in 2018. Furthermore, due to increasing demand for cosmetic products with natural ingredients, the cosmetics market in Vietnam is expected to grow even more until 2027.
If you are tempted to start a cosmetics business in Vietnam soon, this article is for you.
Before setting up your cosmetics factory in Vietnam, Cekindo recommends you seek advice for getting complete requirements related to your business.
Here we list out the essential requirements for your reference:
1. Facility Conditions
Your cosmetics factory is required to have a professional location that fulfills all standards and infrastructure conditions. The equipment utilised for cosmetics production must also meet all requirements.
Furthermore, it is compulsory to have storage areas or warehouses to store finished goods and packaging materials, and/or cold storage areas for product preservation. If you have explosive, flammable, toxic, rejected, and returned materials, you should also need a separate and designated area to store them.
2. Quality Management System
Having a quality management system in place is very important for starting a cosmetics establishment. All raw materials and materials used for the production must meet the quality set out by the authorities as well as the manufacturer’s quality system.
Furthermore, a water treatment system is necessary with water distributed for use in production. Also, to have all the systems and infrastructure installed, the cosmetics factory will need a quality department to go through rigorous quality checking of raw materials and finished goods. All these quality management systems and operations ensure that cosmetics comply with Vietnam’s regulations and laws as well as protecting their brand.
To set up a cosmetics factory in Vietnam, individuals or companies must prepare and submit the following documents to the Department of Planning and Investment for successful company registration:
Individuals or enterprises must also apply for a cosmetics production license/certificate to operate their business legally:
The process of company registration in Vietnam can be less of a hassle and relatively easy if you get the right assistance from a professional:
Launching new ventures in the Vietnam cosmetics market can be a costly, time-consuming, and intimidating experience. This is even truer in a regulatory environment that changes so quickly.
Cekindo harnesses its market-leading expertise to provide you with a full suite of company establishment services, customised to turn your vision into a thriving reality.
Once you have incorporated your company in the Vietnam cosmetics market, we can offer ongoing advice and assistance to make sure your business reaches its full potential.
Cekindo’s team of experts is equipped with abundant experience and knowledge and is ready to implement the most practical solutions to the most complicated business issues.
Reach out to Cekindo to handle each stage of your business journey. Fill in the form below.