Why Invest in Cosmetic Industry in Vietnam
With the growth of the Vietnamese middle-income population and higher purchasing power, high-quality, well-known cosmetics are booming in Vietnam.
Even though Vietnam possesses abundant natural cosmetic raw materials, the Vietnamese cosmetic industry relies heavily on imported products. In fact, local brands account for 10 percent only.
In Vietnam, foreign brands have a natural advantage in the market as high-quality international brands and cosmetics designed for young consumers are the most demanded products.
How to Register Cosmetics in Vietnam
International cosmetics imported to Vietnam must be registered before entering the market. The whole process is managed by the Drug Administration of Vietnam (DAV) under the Vietnam Ministry of Health (MOH) through its safety regulations and certificates. Unfortunately, the process remains unclear as no particular regulation has been enacted yet.
To register cosmetics in Vietnam, importers are required to proclaim their products. The proclamation dossier includes documents such as:
- Proclamation report of cosmetics
- Company registration certificate
- The power of attorney of the producer/owner of the product
- Free sales certificate
Furthermore, entrepreneurs must apply for both the Investment registration certificate (IRC) and Enterprise registration certificate (ERC) to receive a Business registration certificate. A certificate of free sale, product information file, product safety certificate and several other licenses/documents should be presented to obtain a registration number.
Cosmetic Products Registration with Cekindo
The opportunities in the cosmetic industry are present everywhere in Vietnam. Cekindo has a professional team to provide you with comprehensive insights to open a distribution company, find a reliable business partner and to register your cosmetic products in Vietnam.
Contact us today and get a free quotation on cosmetic product registration in Vietnam.