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From US$16.1 billion in 2017 to US$20 billion in 2021, healthcare spending in Vietnam increased steadily. Therefore, it is expected to reach US$23.3 billion in 2025 and US$33.8 billion in 2030. Two significant issues facing medical devices in Vietnam are the absence of substitute medical tools and outmoded surgical equipment. However, the health problems of … Continued
Foreign health products are dominating the Vietnamese market. With a small Vietnamese production and just a few varieties, Vietnamese clients are highly dependent on international brands. In comparison to other countries, the Vietnamese health product market started to boom quite late. It was in the 1990s when the first imported products entered Vietnam with the … Continued
According to US International Trade Administration research, Vietnam cosmetics market offers the most significant potential for cosmetic product sales. The cosmetics industry in Vietnam is thought to provide effective development potential for businesses that can successfully manage the competitive environment and satisfy the changing demands of Vietnamese customers. With up to 93% of personal care … Continued
Are you relocating to Vietnam but aren’t ready to let go of your car? A foreigner who would like to import a car to Vietnam and follow them around the world can do so, but the procedure can be a complicated one. Therefore, there are many things you need to consider before going ahead with … Continued
A certificate of origin is essential when conducting business in Vietnam since it is the foundation for imposing taxes and other trade restrictions. The certificate specifies the manufacturing or production location of the items in question. And armed with such knowledge, traders are obligated to adhere to all laws, administrative regulations, and trade agreements based … Continued
The food and beverage sector is one of the most important and profitable markets in Vietnam, with high revenue driven by both local and foreigners. This sector also accounts for the significant growth of the country’s GDP. According to BMI’s Vietnam Food and Drink report, it is forecast that from 2017 to 2021, the total … Continued
Vietnam’s latest update on Goods Labeling and how the Goods Labeling process is impacted. Check the details down below.
Chinese consumer’s consumption of health food was far below that of developed countries in the past. However, presently the demand is increasing rapidly because of the aging aggravation, government encouragement, accelerated urbanization and other drivers. China is recognized as the largest and fastest growing health food market which has huge potential. It is reported that … Continued
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 … Continued
A rapid evolution in Vietnam’s cosmetic industry cannot be denied. There is a growing number of Vietnamese middle-class population, which leads to the substantial growth of the cosmetic market as demand for cosmetics, especially in personal care and beauty products, has increased over the last few years in Vietnam. This rapid evolution has appealed to … Continued
With a very low-level beginning, Vietnamese consumers’ taste and appetite have changed and became welcoming to western food and beverages, wine especially.
Before engaging in a trading business in Vietnam, it is best to get familiar with its import and export regulations. This is a guide.
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