Vietnamplus

Pharmaceutical enterprises have reported strong business results in the third quarter of 2022, with some even achieving record-high profits.

The 28th Vietnam Medi-pharm Expo will take place from December 1-3 in Hanoi, giving a chance for businesses to seek partners and popularise their products and technologies.

The ultimate goal of the development programme for domestic pharmaceutical industry is to ensure the sufficient supply of medicines at reasonable costs for the people, said Deputy Prime Minister Vu Duc Dam at a meeting held in Hanoi on September 21.

The pharmaceutical industry is growing steadily because input costs are stable compared to other industries and businesses are less affected in a high inflation environment.

Big names in the pharmaceutical industry are wasting no time expanding their market dominance, raising concerns over the marginalisation of private drugstores.

Domestic medicines are expected to meet 75 percent of demand and 60 percent of market value by 2025, according to a programme on the development of the pharmaceutical industry and medicines for domestic production till 2030 with a vision to 2045.

The pharmaceutical industry grew by just 2.8 per cent last year, much lower than its average 11.8 per cent growth in the last five years.

The pharmaceutical industry grew by just 2.8 percent last year, much lower than its average 11.8 percent growth in the last five years.

Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam.

Singapore's pharmaceutical industry is benefiting from the skyrocketing demand for pharmaceuticals in the world market.

The Vietnamese Government's support for the local pharmaceutical industry will remain steadfast, according to Fitch Solutions.

Vietnam’s food processing and packaging industry has expanded by 15-20 percent annually over the past several years and is likely to grow further in the coming years, according to the Association of Vietnam Retailers (AVR).

The 14th edition of the Vietnam International Exhibition on Products, Equipments, Supplies for Medical, Pharmaceutical, Hospital & Rehabilitation will take place in Ho Chi Minh City from September 11-14.

Domestically-made drugs have met nearly half the demand of Vietnamese people in treatment and prevention of diseases, while the country has successfully produced 12 out of 13 types of vaccines used nationwide.

The European Chamber of Commerce in Vietnam (Eurocham) highly values the potential of Vietnam to become a centre for the research-based pharmaceutical industry including production, export and supplies of high quality healthcare services in the ASEAN region.

Vietnam’s medical equipment and pharmaceutical markets have seen double-digit growth in recent years and that momentum would continue, making the country increasingly attractive to foreign investors, experts have said.

Conglomerate Vingroup has announced its entry into the pharmaceutical industry with its Vinfa brand.

The Health Ministry discussed a strategy to develop the pharmaceutical industry at a seminar in Hanoi on June 27.

Half of all medicine used in Vietnam is locally manufactured, however, it has been largely unused in central hospitals, PhD Truong Quoc Cuong, Deputy Minister of Health, has said.

Opportunities in the pharmaceutical industry in Vietnam are huge when 90 percent of pharmaceutical materials are being imported from foreign suppliers, such as the EU, India and China, according to ex