ESTABLISHMENT OF A FOREIGN-INVESTED ENTERPRISE IN VIETNAM: ESTABLISHING FOREIGN-INVESTED DENTAL CLINIC IN VIETNAM
In recent years, the demand for access to high-quality oral healthcare and aesthetic dental services among Vietnamese citizens as well as the expatriate community living in major urban areas has been rising rapidly. The development of the private healthcare system, combined with policies encouraging the socialization of healthcare, has made Vietnam a highly potential market for foreign-invested dental clinics and specialized care facilities.
This is also a sector receiving special attention from international healthcare corporations, investment funds, and experienced medical organizations. However, medical examination and treatment is a conditional business line with particularly strict requirements directly related to human health and life. To establish and officially bring a foreign-invested dental clinic into operation, investors need to accurately determine the scope of services, market access conditions, minimum investment capital requirements, and complex legal procedures.
In the article below, Dai Quang Minh Consulting will analyze in detail the market access conditions, capital requirements, and procedures for establishing foreign-invested dental clinics 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
- Form of Investment: According to Vietnam's Schedule of Specific Commitments in Services to the WTO, dental services fall under sub-sector CPC 9312 (Medical and Dental services). Foreign investors are permitted to access the Vietnamese market through Commercial Presence under the following forms:
+ Establishing a 100% foreign-invested economic organization;
+ Establishing a joint venture with a Vietnamese partner (with no restriction on foreign equity ownership).
- Regulations on Minimum Investment Capital: To ensure financial capacity and the quality of healthcare service delivery, the WTO Commitments specifically stipulate the minimum investment capital for each type of foreign-invested healthcare facility as follows:
+ Specialized Care Facility (Dental Clinic): USD 200,000 (200 thousand USD).
II. Establishment of a Foreign-Invested Enterprise in Vietnam: Conditions for issuance of operating licenses for dental clinic
To be granted an Operating License, FDI dental clinics must satisfy all general conditions for medical examination and treatment establishments as well as specific conditions applicable to Dental clinics:
- Conditions on Facilities and Scale:
+ Clinic Floor Area: Must have a patient reception area and a consultation room with a minimum area of 10 m².
+ Dental Chair Arrangement: Must equip at least 01 dental chair, with a minimum space of 5 m² per dental chair.
+ Dental Implant Room: If performing dental implant procedures, a separate dedicated room with a minimum area of 10 m² is mandatory.
+ Technical Safety Standards: Fixed location satisfying legal regulations on structural safety, fire prevention and fighting (PCCC), infection control, radiation safety (if equipped with dental X-ray machines), and medical waste treatment; ensuring adequate 24/7 power and water supply.
+ IT Infrastructure Connection: Information technology infrastructure must ensure connection and data sharing with the Information System on Management of Medical Examination and Treatment Activities of the Ministry of Health.
- Conditions on Medical Equipment:
+ Possess adequate medical equipment suitable for the registered scope of professional operations and technical list;
+ Equipped with an anaphylaxis emergency kit and adequate specialized emergency medicines.
- Conditions on Professional Personnel:
+ Person in Charge of Professional and Technical Operations: Must be a doctor holding a Practicing License in Odonto-Stomatology; working full-time at the clinic; having at least 36 months of actual practice experience in Odonto-Stomatology.
+ Full-Time Personnel Ratio: Practitioners must be assigned tasks strictly within their approved scope of practice.
+ Foreign Doctors/Experts: Foreign degrees and practicing licenses must be consularly legalized, recognized, and converted into Practicing Licenses in Vietnam according to legal regulations.
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 dental clinic in Vietnam
- 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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