The Trade Office of Vietnam in India has taken part in a programme in Uttarakhand state, held trade promotion activities there, and explored investment and business cooperation chances in Dehradun city.
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.
There are a lot of potential for boosting cooperation, trade and investment in pharmaceuticals and health care between Vietnam and India, said experts at the Indian Pharma Exhibition and B2B meeting held in Ho Chi Minh City on January 21.
US-based Pfizer Group, one of the world's premier biopharmaceutical companies, has signed an agreement on the transfer of pharmaceutical production technology to Vietnamese enterprises, so first products are scheduled to be produced in 2020.
Vietnam joined 119 countries and territories worldwide to attend the International Exhibition of Pharma and Healthcare (iPHEX) which kicked off in India on May 8.
The Myanmar Government pledged to cooperate with regional nations to combat transnational trading in counterfeit pharmaceuticals, local media reported.
Ensuring adequate and timely supply of medicines, especially for the prevention and treatment of rare diseases, will be the central aspect of HCM City’s Strategy on National Pharmaceutical Development