Cosmetics play an important role in enhancing one’s inherent beauty and physical features. The increase in consciousness regarding personal appearance among individuals is driving the growth of cosmetic industry. The aging population and rapid urbanization across Vietnam are fostering the cosmetics market. Also, the surge in cosmetic spending is the resurgence of natural products, along with changing consumers’ preferences towards products that are made with natural ingredients. The growing demand for natural products is estimated to fuel the Vietnam cosmetic market.
Drug Administration of Vietnam (DAV) of Vietnam has adopted the guidelines of ASEAN Cosmetic Directive (ACD) and is in line with other Association of Southeast Asian Nations (ASEAN). Cosmetic products being marketed in Vietnam are required to be compliant with these guidelines. The pathway of cosmetics for entering Vietnam market comprises of product compliance check, cosmetic product registration, and maintaining Product Information File (PIF). Safety of cosmetic products is other mandate that should be followed by cosmetic companies entering Vietnam. Safety assessment is documented in the form of Cosmetic Product Safety Report (CPSR) which is a key document of PIF and should be readily accessible to DAV (Vietnam MoH). An added advantage of marketing a cosmetic product in Vietnam or any other ASEAN country is that it gives an easy access to the remaining ASEAN markets because of the harmonised regulations. 70-80% of PIF which is already in use in Vietnam, can be reused to notify the same product in other ASEAN markets which is a cost effective and time saving strategy.
As a proven Regulatory partner, Freyr assists manufacturers for cosmetics registration in Vietnam. Freyr has extensive experience in providing cosmetics Regulatory Services for Vietnam that span across:
- Classification of Products
- Formulation Review
- Claims Assessment
- Label Review
- Cosmetic Notification in Vietnam
- CPSR Services
- Preparation and Compilation of PIF
- Regulatory Intelligence/ Strategy