What are the labeling requirements for Vietnamese products?
Vietnamese Product Labeling requirements. In addition to this, Vietnam also applies a Vietnamese language requirement for those seeking to import goods from jurisdictions where Vietnamese is not the lingua franca. While most goods produced or imported into Vietnam will require labeling, there are also several exceptions:
Who is responsible for affixing Vietnamese language labels in Vietnam?
The responsibility to affix Vietnamese language labels is required to The Decree explicitly states that in case it conflicts with a treaty to which Vietnam is a party, it is placed in secondary position, meaning that the treaty will prevail over the Decree.
What are the requirements for importing goods into Vietnam?
The vast majority of consumer goods imported into Vietnam will be required to affix or contain a label with information related to the product, its contents, and its origin. In addition to this, Vietnam also applies a Vietnamese language requirement for those seeking to import goods from jurisdictions where Vietnamese is not the lingua franca.
How do I white label a forex broker?
1. Creating a brokerage company: a step-by-step guideGlance over the target markets.Calculate the required capital to start brokerage firm.Access high liquidity.Connect a reliable payment processor.Outline the services you are going to offer.Enter the Forex market and get your first clients.
What is white label forex?
White Label Provider in Forex The white-label provider allows a new brokerage company to enter the international financial market under its own brand or to expand the range of provided services for the account of a prime broker.
Do you need a license to sell forex?
The scope of NFA activities is as follows: To provide necessary licenses (after due diligence) to eligible forex brokers to conduct forex trading business. To enforce required adherence to necessary capital requirements. To combat fraud.
How do I become a forex agent?
Five steps to become Forex brokerFind a trusted FX technology provider.Register a forex company.Choose the best FX trading platform.Convert Forex leads to traders.Payment methods for your FX brokerage.
What is mt4 white label?
White Label MetaTrader 4 is a complete brokerage infrastructure used by multiple brokerages across the globe. Our white label solutions enable brokerages to launch quickly, incorporating a variety of options, complete with own-branding, to create a highly customized environment for their clients.
What is white brand?
White label products are sold by retailers with their own branding and logo but the products themselves are manufactured by a third party. White labeling occurs when the manufacturer of an item uses the branding requested by the purchaser, or marketer, instead of its own.
How much is a forex trading license?
Level B Forex Jurisdictions Obtaining a license can cost around $35,000-$50,000. A physical office presence is required. $100,000 of capital is needed aside from client deposits.
Do forex traders need to be registered?
You do normally need a license if you’re intending to offer a brokerage service to customers. Unfortunately, we cannot help you to obtain a Forex license in the United Kingdom.
Can US citizens trade forex overseas?
Its illegal for a US resident to trade retail FX outside of the US unless the broker is registered with the CFTC. The CFTC has been known to fine brokers.
Is forex a career?
Due to its high liquidity, 24/7 schedule, and easy accessibility, forex trading has emerged as a popular career, especially for people with a financial background.
What is import label in Vietnam?
If the label does not declare obligatory information in Vietnamese, a sub-label containing all obligatory information in Vietnamese, responding to these in the original language, must be placed on the good.
When did Vietnam start labeling?
Since 2006, product labeling is stipulated in Vietnam’s Regulation on Labels and Decree No. 89/2006/NĐ-C. The decree came into effect in March 2007 and replaced the regulations circulated under the Prime Minister’s Decision 178/1999/QD-TTg of August 30, 1999, and Decision No. 95/2000/QD-TTg of August 15, 2000. Guidelines outlined in the decree demand the labeling of nationally produced goods designated for domestic usage or export, as well as of goods produced abroad and imported for consumption in the Vietnamese market.
Why did Coca Cola suspend sales in Vietnam?
has been issued a US$19,300 fine and forced to temporarily suspend select sales for violating food safety licensing and labeling requirements . While seemingly serious in nature, the target of inspections – Samurai Energy Drink – fell afoul of regulators for a simple failure to label levels of folic acid on their beverages and to obtain licensing as a supplementary drink. Although subsequently bringing Samurai Energy into compliance, the experience of Coca Cola underscores the consequences of regulatory uncertainly in Vietnam, and the need for foreign enterprises to be aware of labeling and licensing requirements in the country.
What does the Decree of Vietnam mean?
The Decree explicitly states that in case it conflicts with a treaty to which Vietnam is a party, it is placed in secondary position, meaning that the treaty will prevail over the Decree.
What is the liability for goods produced outside of Vietnam?
If the goods are produced outside of Vietnam, the liability is placed on the manufacturer as well as the importer. Country of Origin: Applies to goods manufactured in Vietnam which are designated for export, and goods imported into Vietnam.
What is the importance of product labeling in the Socialist Republic?
For all companies seeking to sell products within the Socialist Republic, product-labeling laws are of critical importance to successful customs clearance and ultimate sale within the country. Maintaining a firm understanding of recent changes, which include the revision of labeling guidelines for pre-packaged food and additives, as well as pre-packaged genetically modified ingredients, will be of great importance for those seeking to tap into Vietnam’s emerging consumer class.
What are the consequences of a product labeling violation in Vietnam?
Violating these laws might have severe consequences such as a stoppage of the sale of the improperly labeled products and penalty payments.
What can be registered as a trademark in Vietnam?
A trademark is a sign distinguishing the goods or services of one enterprise from others. There are various types of trademarks that can be registered.
A business trademark in Vietnam can include:
Why register a trademark in Vietnam?
Due to Vietnam being a WIPO member it is possible to register for international protection with one application in one language. It will not take significantly longer to register trademark in multiple countries at once compared to only in Vietnam,.
Let’s grow your business in Vietnam
Get in touch with Emerhub by filling in the form below and our consultants will reach out to you within a few working hours.
What are the business sectors in Vietnam?
Importing, exporting and distributing goods are business sectors to which many foreign investors pay attention. As a large outsourcing and manufacturing spot of the world, many foreign investors seek for opportunities to export Vietnamese products to other markets. Simultaneously, Vietnamese consumers prefer to purchase foreign-made goods which makes this developing country becomes one of the most attractive market in Asia. However, many foreign investors get into legal troubles, especially, the paper-things before lawfully running their business in Vietnam. One of the most confusing problems is the sub-license. For your convenience, Viet An Law Firm collect and provide some regulations relating to the Business License as follows:
What is rights to import?
Rights to import: are the rights to import goods from foreign countries to Vietnam for sale to traders having rights to distribute those goods in Vietnam, including:
How long does it take to get advice back from the People’s Committee of Province?
The Ministry of Industry and Trade shall sent advice back to the People’s Committee of Province within 15 working days from the date of receipt;
How long does a trademark last in Vietnam?
The term of validity of a registered trademark in Vietnam is of ten (10) years from the filing date. It can then be renewed for successive periods of ten years, indefinitely. The renewal may be requested as early as six (6) months before the expiration date and as late as six months after it; if the renewal is requested after the expiration date, …
Why do you need to register a trademark in Vietnam?
Why and How to Register a Trademark in Vietnam. In Vietnam, it is mandatory to register a trademark in order to obtain protection and proprietary rights for it, as Vietnam is a “first-to-file” jurisdiction . However, in exceptional cases, well-known trademarks can be protected even if they have not been filed yet.
Is Vietnam a member of the Madrid Protocol?
Vietnam is a member state to the Madrid Protocol. Thus, the extension of an international registration of a trademark via the Madrid System is possible for this country. For further information regarding our services for trademark filing through the Madrid System click here.
Do trademarks need to be registered in Vietnam?
Trademarks do not need to be in use in Vietnam in order to be filed or registered. However, extensive prior use of the mark may prove acquired distinctiveness, and as such help overcome objections raised on grounds of lack of distinctiveness. While prior use of the trademark is not necessary for registration, once registered …
How long does it take to get a trademark in Vietnam?
Within 9-12 months (could be longer) from the publishing date, NOIP shall issue the Notification of registrability of the Vietnam trademark application. If the trademark application is refused, the trademark applicant shall need to respond to this refusal within three months. Which could be extensible. If the trademark is accepted, NOIP shall issue trademark registration certificate within 1-2 months.
How long does it take for a Vietnam trademark to be published?
Within 02 months from the formality acceptance date, NOIP shall publish Vietnam Trademark applicant for any possible opposition on Vietnam IP Gazette.
What is the rule of first to file in Vietnam?
Vietnam trademark follows the rule of first to file. It means that the priority shall be given to the applicant which files their trademark earlier.
What is a trademark in Vietnam?
Trademark in Vietnam can be one of the following forms: logo or device, words, design of package and 3D trademark. According the CPTPP which has become effective in Vietnam, trademark could be a sound which shall be a positive improvement of Vietnam IP system.
Does Vietnam have a trademark?
Registration of Trademark in Vietnam follows Nice international classification and accepts a trademark application in multi-classes.
Who produces Vietnam briefing?
Vietnam Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in Hanoi and Ho Chi Minh City. Readers may write to firstname.lastname@example.org for more support on doing business in Vietnam.
What are the requirements for imports and exports?
All imports and exports must comply with the relevant government regulations on quarantine, food safety, and quality standards, and must be inspected by relevant government agencies before clearing customs.
What happens when MOIT accepts application?
Once the MOIT has accepted the application, the relevant state agency will grant the license for the setting up of retail establishments. Note: This article was first published in February 2015, and has been updated to include the latest developments. Share this:
How to set up a trading company without a retail outlet?
To set up a trading company (distribution company) without a retailing outlet or a trading company with its first retailing outlet, the investor must prepare an application dossier to apply for an IRC and submit to the licensing authority at the provincial level. The application dossiers after that will be submitted by the provincial licensing …
What is a trading company?
A trading company is an ideal choice for companies looking to engage in import and export activities as well as domestic distribution. A trading company allows a business to retain more control over their operations and manage supply chain issues quicker. While there are no minimum capital requirements, investors need to review …
Does Vietnam require an importer of record?
While Vietnam does not require a company to have an import or export license, registration with the Ministry of Planning and Investment (MPI) is essential to import or export for businesses. Companies that only want to import without setting up a legal entity can use an importer of record.
Why Register A Trademark?
What Can Be Registered as A Trademark in Vietnam?
A trademark is a sign distinguishing the goods or services of one enterprise from others. There are various types of trademarks that can be registered. A business trademark in Vietnam can include: 1. Numerals 2. A word or a combination of words 3. Letters 4. Shapes (including three-dimensional signs) 5. Drawings 6. Symbols 7. Combination of all the above There are some restr…
National Protection and International Protection
In Vietnam there are two types of trademarks you may register: 1. Local 2. International Vietnam is an official member of WIPO, which means that it is possible to simultaneously apply for trademark protection in more than one jurisdiction. It is more cost efficient to register as many countries at once as possible. If a company is planning to opera…
Why Register A Trademark in Vietnam?
Due to Vietnam being a WIPO member it is possible to register for international protection with one application in one language. It will not take significantly longer to register trademark in multiple countries at once compared to only in Vietnam,. In South-East Asia it is possible to simultaneously register for a trademark in: 1. Vietnam 2. Singapore 3. Cambodia 4. Laos 5. Phili…