Vietnam Proposes Removal of Healthcare Investment Restrictions - Vietnam Briefing News
By: Dezan Shira & Associates
Vietnam’s conditional investment list may soon see the removal of a number of items related to healthcare and medical services following the submission of a proposal to the National Assembly on September 1. Included as part of a larger proposal to change the nation’s conditional investment list, the removal of items seek to amend the Law on Investment (No. 67/2014/QH13), passed in late 2014 and effective as of July 1, 2015. As adjustments to the conditional investment list are currently in a proposal form, specifics surrounding the time and date of implementation are currently not available.
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Business Lines to be Deregulated
Under proposed changes, the following healthcare sectors will be opened to investment and free from previously imposed conditions:
- Operation of establishments classified as dealing with medical equipment
- Companies involved in or providing clinical drug trials
- Companies providing cosmetic surgery
- Laboratories providing services related to pathogenic microorganisms and infectious
- Companies seeking to treat opiate addiction through substitution drugs
- Businesses providing rating services relating to the bioavailability and bioequivalence of a drug
- Businesses providing technical implementation of surrogacy
It should be noted that the above list is not exhaustive, and a variety of sectors, both within and beyond healthcare, will be impacted by the proposed amendments. In addition to the removal of specific industries, a number of business lines will also be amended or otherwise adjusted.
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Implications for Healthcare Investment
The removal of conditionality for sectors listed above will expand a number of opportunities for those seeking to invest in Vietnamese healthcare, and it will be important to understand which industries will be deregulated and when this will be rolled out. In the immediate term, it will be important for current and prospective investors to monitor subsequent changes to the proposal as well as its progress in the legislative process. For assistance in regulatory monitoring and for more information relating to investment within the healthcare sector, please contact us at [email protected] or visit www.dezshira.com
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email [email protected] or visit www.dezshira.com.
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