GENERAL LEGAL FRAMEWORK AND PROCEDURE OF FOREIGN DIRECT INVESTMENT IN DOING BUSINESS OF PHARMACEUTICAL, COSMETIC PRODUCTS AND PRIVATE HEALTH CARE SERVICES IN VIETNAMPrepared by:September 20111I.LEGAL FRAMEWORK 1.Laws and agency for sale and purchase, processing and transit of goods involving foreign parties ix.Decree No. 59/2006/ND-CP of the Government detailing the Commercial Law on goods and services, banned from business, subject to restrictions and conditions.2I.LEGAL FRAMEWORK (continued) 2. Laws Foreign companies are only entitled to conduct their investment to export goods which are neither subject on List of goods banned from import and export nor List of goods and schedule for implementation of export rights; and Foreign companies are only entitled to conduct their investment to distribute goods which are neither subject on List of goods banned from distribution nor List of goods and schedule for implementation of distribution rights;5III. LEGAL CONSTRAINTS AND LIMITATION ON PHARMACY, COSMETIC Sewage drainage and treatment Solid Waste Disposal16IV. INVESTMENT PROCEDURE (continued) 2.Procedure for establishment of an investment project including construction works (manufactory, warehouse or hospital) Stage 7: Obtaining operation license (Certificate of satisfaction of eligible conditions for operation) Preparation and submission of complete dossier with appropriate explanation to MOH Site inspection of MOHs delegation for verification and appraisal of the project Finalize the appraisal and issuance of the operation license to the project17IV. INVESTMENT PROCEDURE (continued) 3. Procedure for establishment of an investment project without construction works Procedure and process applicable to such project is nearly the same with above, except to stages related to land & construction.18V. ALIAT LEGAL INTRODUCTION Aliat Legal is a leading dynamic commercial law firm in Vietnam. Practicing in two offices in Ho Chi Minh City and Hanoi, Aliat Legal offers specialist advice and consultancy to Vietnamese and international clients in corporate and commercial, intellectual property and business operation by blending local knowledge and global standards. Aliat Legal recognizes the importance and vital role of legal as well as cost-effective solutions in our clients business. That is why we actively strive to maintain a strong relationship with our clients, and to adopt a pro-active approach to practice, often becoming involved at the deal structuring stage. We promise a commercial approach along with tailored and high quality advice at all times. We are keen on developing a constructive rapport with our clients and becoming the allied attorneys partnering with our clients success. Teaming qualified people, understanding laws, utilizing local knowledge in combination with international standards, while fostering strong relationship with Government authorities at all levels, are driving the firm toward the ultimate goal of being recognized as premier legal services provider. 19V. ALIAT LEGAL INTRODUCTION (continued) What we do Aliat Legal focuses on business laws, intellectual property laws and regulatory matters which are close and important to clients business in Vietnam. Our Practices mainly covers: Inward & Outward Investment Corporate/ M&A Healthcare & Pharmaceuticals Contracts & Commercial Transactions Real Estate & Property Intellectual property Technology Transfer & Franchising Labors & Employment Finance, Banking & Insurance 20V. ALIAT LEGAL INTRODUCTION (continued)Our clientsAt Aliat Legal, we are keen on developing a constructive rapport with our clients and becoming the allied attorneys partnering with our clients success. We represent clients in various industries with different nationalities. . and more. 21Aliat Legal where people is not only practicing law but adding value to your business THANK YOU!22