Cosmetics Registration in Vietnam

Cosmetics Registration in Vietnam

According to data from the National Trade Center (ITC) and the World Bank (WB), Vietnam’s imports of cosmetic products have risen to US$1.1 billion in 2016, double that of 2011. The value is forecasted to reach US$2.2 billion by 2020. What is more, Vietnam has signed several trade agreements which will reduce tariffs on imports down to between 0-5% which will help spur growth in the sector. The most imported cosmetic products are perfumes (55%), make-up (21%), and other products such as hair products and essential oils (2%-8%).