Vietnam to Tighten Regulation of the Vaping Industry: What Will It Mean for Chinese Manufacturers?

Nguyen Chi Nguyen, head of the Legal Department of the Tobacco Association of Vietnam, said that as a representative of the Vietnam tobacco industry, the Tobacco Association of Vietnam promises to abide by all policies on new generation tobacco products, including publishing technical standards, printing warning signs on products, paying import duties, special consumption taxes, tobacco hazard prevention funds, environmental funds, value-added tax, etc.

According to Vietnam media baophapluat, Nguyen Chi Nguyen, head of the legal department of the Vietnam Tobacco Association, isnew tobaccoAt the seminar, he expressed his views on Vietnam's domestic regulatory policies and regulations. He believed that the government's continuous postponement of the supervision of new generation tobacco products has affected the rights and interests of smokers!

Nguyen Chi Ren delivered a speech at the New Tobacco Seminar| Source: baophapluat

Lack of supervision may cause problems

Nguyen Chi Nguyen said that in Vietnam, policies for the management of new generation tobacco products, including electronic atomization and heated tobacco, have not yet been formulated.

" If we do not formulate regulations in a timely manner, as market demand increases, management will become more difficult and bring many problems to society."#p#Pagination Title #e#

--Nguyen Tri Nguyen, Head of Legal Department, Tobacco Association of Vietnam

One of the most significant problems is the difficulty in identifying the source and quality of the new generation of tobacco products currently widely sold. If health problems arise, consumers must be responsible for their use. Due to the lack of a legal framework, new tobacco products have also led to tax losses, making the country difficult when dealing with smuggling crimes.

In addition, domestic legal tobacco production companies are unable to produce and operate these new products, which affects commercial activities at home and abroad. He pointed out that many foreign partners have proposed cooperation with the Vietnam Tobacco Association to jointly produce these products, including the production of heating products and even the production of cigarettes.

Users 'rights of access to tobacco

Nguyen Chi Nin said that reality shows that smokers cannot be forced to quit smoking, but they have the right to contact new tobacco to reduce harm.

With the development of science and technology, new tobacco products are designed as a smoke-free solution to reduce the harm of traditional cigarettes to smokers, especially passive smokers.

Experts around the world have put forward scientific evidence for these products. They conducted many studies and trials to draw conclusions about the health benefits for smokers. Based on these conclusions, if current smokers were able to switch to heated tobacco, they might reduce the health effects.

What impact will strengthened supervision have on domestic companies?

Electronic atomization, as a new type of electronic product, has grown rapidly around the world in recent years. Many countries, including Vietnam, are facing the problem of increasing forms of smoking other than traditional tobacco. However, due to the diversity and lagging supervision of electronic atomization products, some low-quality and non-compliant products have entered the market, posing potential risks to consumer health. This conference aims to protect public health, prevent youth smoking and control compliance in the electronic atomization market.

It also brings some advantages to China manufacturers who want to expand the Vietnam market:

01

Market competitive advantage: Due to the increase in market access barriers due to strengthened supervision, some small-scale, non-compliant or low-quality electronic atomization companies may not be able to adapt to the new requirements and withdraw from the market. This provides an opportunity for competitive advantage for China companies with high compliance and guaranteed product quality, which can better meet the demand of the Vietnam market for safe and compliant electronic atomization products.

02

Credit improvement: Strengthening supervision in Vietnam means stricter quality monitoring of electronic atomization companies to ensure product compliance and safety. China electronic atomization companies have always walked in the international market with high technology, high quality and high standards. They can win the trust of consumers and the market with their high-quality products and enhance the company's brand image and reputation.

03

Long-term development opportunities: Strengthening supervision may promote the standardization and healthy development of the electronic atomization market in Vietnam. If China companies can actively cooperate with the regulatory requirements of the Vietnam government and provide safe and compliant electronic atomization products, it is expected to lay a good foundation for long-term development. As the market matures and consumer demand increases, China companies have the opportunity to gain greater market share and profits in the Vietnam electronic atomization market.