ESTABLISHMENT OF A FOREIGN-INVESTED ENTERPRISE IN VIETNAM: ESTABLISHING A FOREIGN-INVESTED COSMETIC HOSPITAL IN VIETNAM
In recent years, the demand for beauty care, body contouring, and cosmetic surgery in Vietnam has grown tremendously. Strong economic development alongside an improving quality of life has transformed Vietnam into a highly lucrative market for high-end medical and aesthetic services. Seizing this opportunity, many international medical groups, investment funds, and foreign medical experts are accelerating the establishment of foreign-invested enterprise (FDI) cosmetic surgery hospitals in major urban centers such as Hanoi, Ho Chi Minh City, and Da Nang.
However, operating cosmetic surgery services in the form of a Hospital is a strictly regulated business line under Vietnamese law, directly affecting human health and safety. To establish and legally operate a foreign-invested cosmetic surgery hospital, investors must satisfy stringent standards regarding minimum investment capital, physical infrastructure, medical equipment, qualified medical personnel, and complete complex licensing procedures.
In the article below, Dai Quang Minh Consulting will analyze in detail market access conditions, legal requirements, and procedures for establishing a foreign-invested cosmetic hospital in Vietnam under current regulations.
Prospective investors seeking assistance with establishing a foreign-invested enterprise in Vietnam are kindly invited to contact Dai Quang Minh via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.
In addition, Dai Quang Minh Company provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.
Contact:
- Zalo: 0932.191.299
- Gmail: info@quangminhlawfirm.com
- Viber: (+84) 337926405/ (+84) 869672216
- WhatsApp: (+84) 337926405/ (+84) 869672216
- Wechat:(+84) 337926405 (ID: _pouniverse)/(+84) 869672216 (ID:DQM_Verna)
- Telegram: (+84) 337926405/ (+84)869672216
I. Establishment of a Foreign-Invested Enterprise in Vietnam: Market access conditions
- Concept and Scope of Cosmetic Surgery Services:
+ Pursuant to Annex IV of the current Law on Investment and medical legislation, the cosmetic surgery service business is categorized as a conditional business line. This activity includes the use of medical techniques, drugs, intervention substances, specialized equipment, or surgery (anatomy) to alter human physical appearance, skin color, identification characteristics, correct defects, or reconstruct and restore parts of the human body (skin, nose, eyes, lips, face, breasts, abdomen, buttocks, etc.).
- WTO Commitments and Minimum Capital Requirements: According to Vietnam's Schedule of Specific Commitments in Services to the WTO (Medical Services sub-sector - CPC 9311):
+ Investment Forms: Foreign service providers are permitted to establish medical facilities in Vietnam in the form of a 100% foreign-owned hospital, a joint venture with a Vietnamese partner, or through a Business Cooperation Contract (BCC).
+ Minimum Investment Capital: Current regulations stipulate mandatory minimum investment capital for each FDI medical business model as follows:
Hospital / Specialized Hospital: Minimum USD 20,000,000 (20 million US dollars);
Policlinic: Minimum USD 2,000,000 (2 million US dollars);
Specialized Treatment Facility / Specialized Clinic: Minimum USD.
+ Thus, to establish an independent Cosmetic Surgery Hospital with foreign investment, foreign investors must commit to and prove financial capacity for a total project investment capital reaching at least USD 20 million.
II. Establishment of a Foreign-Invested Enterprise in Vietnam: Conditions for Establishing and Obtaining an Operational License for a Cosmetic Hospital
To be issued an Operational License for Medical Examination and Treatment by the Ministry of Health, an FDI Cosmetic Surgery Hospital must fully satisfy strict conditions regarding facilities, medical equipment, and professional personnel:
- Facility and Scale Requirements:
+ Construction Floor Area: Must guarantee a minimum floor area of 50 m²/hospital bed.
+ Frontage and Access: The frontage width of the hospital must reach a minimum of 10 m, ensuring a wide access path for ambulances entering and leaving the emergency area.
+ Infrastructure Connectivity: Synchronous transport infrastructure connection between departments within the hospital premises to ensure safety for patients, their relatives, and medical staff.
+ Mandatory Technical Standards: Location must meet legal regulations on structural safety, fire prevention and fighting (PCCC), infection control, environmental protection (Environmental Impact Assessment - EIA), radiation safety (for X-ray, CT equipment, etc.); ensuring 24/7 backup power and water supply.
+ Signboards and Signage: Clear signboards, maps, and directional signs to each department, room, specialized unit, and administrative division.
- Medical Equipment Requirements:
+ Must be fully equipped with cosmetic specialized medical machinery and equipment corresponding to the scope of professional operations and technical list registered with the Ministry of Health.
+ Equipped with complete resuscitation and emergency equipment, anaphylactic shock emergency kits, and specialized medicine in accordance with regulations.
+ All medical equipment must have clear origins, be approved for circulation, and undergo periodic inspection and calibration as required by law.
- Professional Personnel Requirements:
+ Medical Director / Person in Charge of Technical Operations: Must be a licensed physician in Plastic and Reconstructive Surgery (or Odonto-Stomatology/Dermatology depending on scope); have minimum practical experience pursuant to medical laws, and work full-time at the hospital.
+ Physicians and Medical Staff: Doctors, nurses, and technicians must possess relevant professional degrees and practicing licenses suitable for their assigned duties.
+ Foreign Doctors: Foreign degrees and practicing licenses must be consularly legalized, recognized, and converted/issued a Practicing License in Vietnam pursuant to the Law on Medical Examination and Treatment.
Why choose Dai Quang Minh Company
With years of practical experience in legal consulting, Dai Quang Minh Company is a pioneer in corporate support services, specializing in fast and affordable company formation. Below are the reasons to choose business registration services at Dai Quang Minh Company:
Human Resources: Gather a team of corporate legal experts and project legal experts with a long working history at domestic private economic groups; large foreign-invested enterprises operating in Vietnam.
Consulting Policy: Clients are gifted a completely free legal consulting package when using services at Dai Quang Minh Company.
Professionalism and Experience: Dai Quang Minh Company has a workforce with in-depth knowledge of business formation, ensuring a swift and accurate consulting process.
Time-Saving: Using Dai Quang Minh Company 's services helps you save precious time as we handle the entire process and related procedures.
Legal Insight: Dai Quang Minh Company ensures that all relevant legal regulations are strictly followed in accordance with the law.
Customization: Our consulting services are highly adaptable to your specific needs, allowing you to choose options suitable for your business.
Trusted Partner: Dai Quang Minh Company has built a reputation for providing affordable business setup consulting to many enterprises and individuals nationwide.
Confidentiality Assurance: Dai Quang Minh Company is committed to the absolute protection of your personal and business information.
Detailed Support: Dai Quang Minh Company provides detailed advice and support regarding the process and requirements to help you better understand business formation.
Process Optimization: Our consulting helps optimize the business setup process, minimizing potential risks and difficulties.
Excellent Customer Experience: Dai Quang Minh Company is dedicated to providing the best customer experience through professional advice and enthusiastic support.
Focus on Business Plans: By utilizing our registration services, you can focus on developing your business plans and core activities instead of worrying about legal procedures.
III. Establishment of a Foreign-Invested Enterprise in Vietnam: Procedure for Establishing a Foreign-Invested Cosmetic Hospital
- Step 1: Apply for the Investment Registration Certificate (IRC): Foreign investors forming a new enterprise must execute investment project registration procedures to obtain an Investment Registration Certificate (IRC).
- Step 2: Apply for the Enterprise Registration Certificate (ERC): Upon receiving the IRC, the investor submits an enterprise registration dossier to the Department of Finance to obtain the Enterprise Registration Certificate (ERC). Common corporate forms include Limited Liability Company (LLC - Single or Multi-member) or Joint Stock Company (JSC).
- Step 3: Facility Construction, Fire Safety & Environmental Approvals: Complete hospital infrastructure, obtain fire safety approval and acceptance, prepare Environmental Impact Assessment (EIA) reports, and install medical equipment.
- Step 4: Apply for Medical Examination and Treatment Operating License at the Ministry of Health: Prepare personnel registration files, professional technical lists, and request the Ministry of Health evaluation delegation to conduct on-site inspections for granting the official Operating License.
Prospective investors seeking assistance with establishing a foreign-invested enterprise in Vietnam are kindly invited to contact Dai Quang Minh via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.
In addition, Dai Quang Minh Company provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.
Contact:
- Zalo: 0932.191.299
- Gmail: info@quangminhlawfirm.com
- Viber: (+84) 337926405/ (+84) 869672216
- WhatsApp: (+84) 337926405/ (+84) 869672216
- Wechat: (+84) 337926405 (ID: _pouniverse)/ (+84) 869672216 (ID: DQM_Verna)
- Telegram: (+84) 337926405/ (+84) 869672216
During the course of operations, should you have any questions or require any assistance, please contact Dai Quang Minh Company. We are always ready to provide support and accompany you throughout the process of construction, operation, and development.
We wish you sustainable development and breakthrough success.
Sincerely thank you./.
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