CONTENT: ENTERPRISE WOULD LIKE TO TRADE PHARMACEUTICAL PRODUCTS IN VIETNAM?
PREWORD
Based on the requests of the enterprise and our process of working after closing the plan, we would like to summarize the plan so that you can grasp the direction to implement the work
Dong Phuong Law International Company Limited – 0902357922, 21st Floor, Capital Tower, 109 Tran Hung Dao, Cua Nam, Hoan Kiem, Hanoi
A, SPECIFIC PROCEDURE FOR YOUR ENTERPRISE
I, ESTABLISHMENT OF ENTERPRISE WITH 100% OF FOREIGN INVESTMENT
1, Advantages: It is convenient for you to make your own GMP because foreign-invested enterprises can only sell the products they produce and in Vietnam.
It ensures business secrets as well as protects trademark, exclusive trademark, etc.
2, Disadvantages: Time and regulations of implementation are longer and more complicated than those for domestic firms.
II, REGISTRATION FOR PROTECTION OF INTELLECTUAL PROPERTY, IMAGE COPYRIGHT, INVENTION, ETC.
1, Significance: Your company does business in valuable goods with special formula and demand to monopolize it, so this step is almost mandatory because problems of violating intellectual property in Vietnam is pervasive and it is difficult to control them. Therefore, it is necessary to have a trustable unit to do all these things.
Your company needs a GMP factory between-goer in Vietnam, so security and intellectual property are even more necessary. If you do not prepare these items well, it will directly affect your trademark control, as a result, your own product control is affected.
2, Tasks to be implemented for this step.
a, Registration for protection of intellectual property rights over trademark
b, Registration of domain name (all extensions) for product name.
c, Patent registration for special formula or ingredient
e, Exclusive registration of commercial, advertising or traditional images if any
f, Exclusive registration of packaging, labels, packaging specifications, industrial property features (if any)
g, Registration of medical remedies (if all the conditions are met)
III, CONTACTING GMP FACTORY IN VIETNAM
1, Contacting GMP factory in Vietnam
After ensuring intellectual property, your next task is to coordinate with an existing standard GMP factory in Vietnam to create a product that is allowed to circulate under the standards of Vietnamese law.
Dong Phuong Law International Company Limited will directly help you to contact your partner GMP company and together with your company to carry out production and circulation process at this unit to ensure your legal rights and benefits.
1, Contacting GMP factory in Vietnam
After contacting and signing an agreement on product information confidentiality and other agreements, if the parties have further request, we will directly help you to control the GMP unit in Vietnam under binding agreements to ensure your highest interests and minimize greatest losses for your business.
At the end of this agreement step, the enterprise, through the authorized unit, will hand over product-related documents to the GMP factory in Vietnam to apply for the registration number and procedures for circulation of other products in order to qualify for market circulation.
At the same time, through the process and the authorized unit, your business will sign exclusive document for the products with registration numbers registered by the GMP unit in Vietnam for your products.
In the last half of this process, under the consultation of Dong Phuong Law International Company Limited, you must implement the distribution and business conditions for your products because the GMP unit in Vietnam only cooperates with your business for the product circulation step.
According to the law of Vietnam, if you want to trade in pharmacy, you need to meet the conditions for distribution and storage.
III, EXECUTION OF WORKS AFTER CREATING PRODUCTS
1, Meeting standards of distribution (GDP)
Your business needs to meet the conditions of distribution including personnel who are in charge of the distribution system, management of distribution systems, and others.
2, Meeting standards of storage (GSP)
This is a relatively difficult requirement for you to ensure your product storage meets GSP standards with a complicated storage system in terms of storage.
We will directly search for warehouses (if you cannot find qualified warehouses). We will directly arrange design and initial assessment of warehouse standards to get GSP certificate.
3, Applying for a drug trading license
After meeting the requirements of GMP, GDP, GSP, your company is eligible to apply for a pharmaceutical business license to complete the final step of bringing products to the market.
Note: This whole process should start from the completion of legal issues with the GMP factory to save time when you finish work at the GMP unit in Vietnam to sell these products early.
Time schedule for this entire process is about 18 months depending on your legal records.
B, LONG TERM DEVELOPMENT ORIENTATIONS
After completing all the above tasks, you basically solve the temporary problem of how to sell your products in Vietnam, but you still have to depend on a GMP unit in Vietnam.
In the far future, if you want to do production by yourself, it is required to have a factory in Vietnam meeting GMP standards, you will buy or build your own factory.
CONCLUSION
Above contents are the plans exchanged between your enterprise and Dong Phuong Law International Company Limited. For further optimization, we hope to have your contribution and cooperation to achieve better plans.
We are pleased to support your business.
This is a project under copyright and in charge of DONG PHUONG LAW INTERNATIONAL COMPANY LIMITED specializing in consulting on investment law, healthcare and litigation conducted by CEO Nguyen Thi Lien.
Dong Phuong Law International Company Limited – 0902357922, 21st Floor, Capital Tower, 109 Tran Hung Dao, Cua Nam, Hoan Kiem, Hanoi
