RF Tech "RF Bio Obtains Vietnam Product Approval Following European CE Certification for HA Filler"

[Asia Economy Reporter Hyunseok Yoo] RF Tech announced on the 20th that its subsidiary, RF Bio, has obtained import item approval from the Vietnamese Ministry of Health for three hyaluronic acid (HA) filler products: ‘SARDENYA Shape,’ ‘Deep,’ and ‘Fine.’ With this approval, RF Bio can now export and sell the HA filler ‘SARDENYA’ in Vietnam.

Vietnam, like other Southeast Asian countries, is experiencing high growth in the pharmaceutical and bio markets and has a strong popularity for K-beauty. It is considered one of the major markets in the filler industry. With a large population of young women participating in economic activities, there is a rapidly increasing interest in cost-effective and high-quality fillers and botulinum toxin treatments for petite cosmetic procedures.

RF Bio received CE certification in Europe last April and has obtained product approvals for HA filler products in three countries (the UK, Indonesia, and Vietnam) this year alone. The company is actively pursuing local product approval procedures throughout Southeast Asia and Latin America. It is also working on obtaining approvals in Australia and the Middle East, aiming to expand its global market presence.

An RF Tech official stated, “Exports of HA fillers are continuously growing, centered on countries where product approvals have been obtained. Vietnam is seeing a surge in demand for cosmetic procedures among affluent and young generations, and we plan to target the market by leveraging our product competitiveness.”

Meanwhile, RF Bio signed a land purchase contract in April for a new factory related to HA fillers and botulinum toxin in Wonju Enterprise City, Gangwon Province, to expand production facilities due to increased HA filler export volumes. The new factory construction is underway, aiming for completion by December 2023 at the latest.

This content was produced with the assistance of AI translation services.