Why invest in Vietnam’s health care industry
The total number of elderly consumers in Vietnam is now 5.6 million, providing a huge opportunity for the health care industry in Vietnam. In addition, the younger generation in Vietnam is more health-conscious and, along with a growing middle-income group, produces strong purchasing power and affordable health products.
In addition to Western health products, Vietnamese consumers also prefer traditional and herbal medicine. Therefore, the development of traditional Chinese health products in Vietnam is considered to be one of the most prosperous.
How to register health care products in Vietnam
To register health supplements in Vietnam, investors must comply with a number of regulations and strict food safety and hygiene standards.
Vietnamese law defines health supplements (also known as food supplements or dietary supplements) as supplements to daily diets to improve the health and immunity of users. These products may contain one or more of the following:
Vitamins, minerals, amino acids, fatty acids, enzymes, probiotics and other biologically active substances;
a substance in the form of an animal, mineral, plant extract, isolate, concentrate or metabolite;
A comprehensive source of the above substances.
In order to raise awareness of the medical effects of functional foods and other supplements, it is necessary to indicate on the products that the product is neither a drug nor an effective substitute for a drug, but rather to display a specific phrase for a subcategory of the product.
Manufacturers and distributors entering the Vietnamese market must submit a product self-declaration or product declaration registration to the Ministry of Health (MOH).
There should be several documents in the application file, for example:
Free sales certificate or health certificate
Business registration certificate for Vietnamese importers, including:
Investment Registration Certificate (IRC)
Enterprise Registration Certificate (ERC)
In addition, for July 2019, a Manufacturing Specification Certificate (GMP) will be required.
Health care products and CEKINDO registration
Cekindo is ready to provide you with rules and regulations regarding the Vietnamese government, the types of company entities you should consider, finding reliable business partners or distributors, and finally recommending your health care products in Vietnam.
Please fill out the form below and we will provide you with a free custom quote.