Lack of guidance on establishing Foreign Invested Enterprises (FIEs) in Vietnam
Trade barrier summary
There is a lack of guidance for overseas pharmaceutical firms currently operating as representative offices on how to establish themselves as foreign invested enterprises (FIEs). This includes no guidance on timeframes for transitioning to FIEs and no guidance on which warehouses companies can work with going forward, ie overseas or domestic providers. It is mandatory that companies use warehouses to store drug stocks. UK businesses previously used foreign providers and are concerned that local providers cannot meet international standards, which can affect the quality of their products. There is also no operational guidance on FIEs in transportation, price negotiations, business plans or marketing processes.
Sectors affected
- Pharmaceuticals and biotechnology
Resolved
Yes - August 2021
Date reported
3 September 2019
Last updated
1 June 2022
Public ID
PID-9ZXPLB
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