Canonical: https://unicorncurrencies.com/industries/beauty-cosmetics/vietnam/

# Intelligence: Beauty & Cosmetics Import in Vietnam

## Industry Context

- **Payment pressure:** Regulatory compliance (UK Cosmetics Regulation); Shelf life and expiry management

- **Operational control:** Fast KRW payments for K-beauty; 0.5% spread on EUR luxury brands

## Country Context

- **Use case:** Pay Vietnamese manufacturers for textiles, electronics, furniture

- **Settlement:** T+0 (2.3s avg within Unicorn network)

- **Banking:** **Bank Code + Account** (Bank code and account number (SWIFT for international))

- **Regulatory:** State Bank of Vietnam (SBV) foreign exchange controls; Tax identification number (TIN) required for suppliers

## Key Industries in Country

- Textile & Garment

- Electronics Assembly

- Furniture

- Footwear

- Agriculture