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Foreign investors open specialized clinics
Investing in medical examination and treatment facilities in Vietnam is one of the industries and professions that foreign investors are gaining a lot of attention nowadays. Due to the increasingly improved quality of life, people are also increasingly interested in the need for medical examination and treatment. So what are the conditions for opening a specialized medical clinic for foreign investors? Please read the article below for the implementation procedures.
Investment conditions for opening specialized clinics for foreign investors
First, regarding market access conditions for the medical examination and treatment industry in Vietnam
- The minimum investment capital for a specialized treatment facility is 200 thousand USD;
- There is no limit on the capital ownership ratio in Vietnam;
Second, the conditions that must be met according to the provisions of Vietnamese law
Condition 1, the person in charge of the clinic’s professional responsibility must have a full practice license and certificate to open a specialized clinic. See more: Procedures for foreign investors to open a general practice clinic
For the person in charge of professional responsibility to be granted a Medical License, the following conditions must be met:
- Have one of the degrees and certificates appropriate to the form of medical practice (professional medical degree issued or recognized in Vietnam; Traditional medicine practitioner certificate; Certificate of having a traditional medicine or treatment method);
- Have a document confirming the practice process (except for traditional medicine practitioners, people with traditional medicine or treatment methods);
- Have a certificate of good health;
- Not being banned from practicing.
Condition 2, for the manager, the person responsible for the specialized clinic must have a practicing certificate according to regulations;
- For foreign doctors, they must be fluent in Vietnamese or have a qualified interpreter as required when treating patients.
- Regarding facilities, business location, medical equipment: must meet the requirements of the Ministry of Health for specialized clinics with foreign elements.
Investment process to open specialized medical clinics of foreign investors
There are two main direction that are often chosen by investors when investing in opening a specialized clinic in Vietnam:
Establish a 100% foreign-owned company from the beginning. For this direction, the investor will perform the following steps:
Step 1: Apply for an Investment Registration Certificate at the Department of Planning and Investment of the province/city where the investor plans to implement the specialized medical examination and treatment project;
Estimated Time: 15-20 working days
Step 2: After receiving the Investment Registration Certificate, the investor establishes the enterprise through the procedure of applying for a Certificate of Enterprise Registration for a specialized clinic at the Business Registration Office – Department of Planning and Investment where the enterprise’s headquarters is expected to be located.
Estimated Time: 07-10 working days
Step 3: Apply for an operating license for a specialized clinic
Establish a 100% Vietnamese-owned company with specialized medical examination and treatment, then the investor contributes capital through procedures for capital contribution registration, share purchase, and capital contribution purchase.
Implementation steps:
Step 1: Establish a Vietnamese company to operate a specialized medical clinic
Estimated Time: 05-07 working days;
Step 2: Carry out procedures for capital contribution, share purchase, and capital repurchase so that foreign investors can own capital and conduct business in a specialized medical clinic in Vietnam
Of the two directions mentioned above, the second direction will be simpler and more optimal in terms of procedures and costs than the first direction, because investors do not have to go through the procedure of granting an investment registration certificate. Moreover, establishing a Vietnamese company will also be simpler than establishing a company with FDI capital.
Regarding the procedures for granting operating licenses for specialized clinics
A sub-license for operating specialized clinics is a mandatory condition for foreign investors to be qualified to operate specialized clinics in accordance with Vietnamese law.
The dossier includes:
- Application for a license to operate a specialized clinic;
- Valid copy of the enterprise registration certificate;
- Valid copy of the practice certificate of the person in charge of the clinic’s professional expertise;
- Photo of the clinic’s signboard and specialized rooms inside;
- Description of the clinic’s equipment and facilities;
- Document declaring the clinic’s staff list;
- Document committing to comply with the clinic’s regulations on medical examination and treatment prices.
Competent authority: Department of Health where the clinic is located.
Processing time: 15 working days from the date of receipt of complete and valid documents.
Above is all the advice from Siglaw Law Firm on procedures for opening a specialized clinic for foreign investors.
Phone: (+84) 961 366 238
Email:
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