Foreign Pharmaceutical Entrepreneurs Flock to Viet Nam

The number of foreign pharmaceutical firms now operating in Viet Nam has raised sharply over the first 11 months of 2007, reported the Ministry of Health in a conference Thursday. 

Hospital staff checks up some imported medicines

To date this year, Viet Nam has 370 pharmaceutical entrepreneurs, an increase of 18.6 percent over 2006, most entering the market since Viet Nam’s accession to the World Trade Organization. 
 
Domestic pharmaceutical manufacturers only gained US$560.98 million, up 18 percent over 2006. They held 52 percent of the domestic pharmaceutical market.
 
Domestic business experts criticize the apparent fact Viet Nam paid a high price for pharmaceutical imports from the beginning of the year, a whole US$777 million, an increase of nine percent over 2006.
 
Related article:
Imported Medicines Sold at High Prices in Hospital Pharmacies

By NG.KH – Translated by Truong Son

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