Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-9ZXPLB

Lack of guidance on establishing Foreign Invested Enterprises (FIEs) in Vietnam

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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