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Update news vietnam pharmaceutical industry
While the shift to the hospital channel brought fruitful results for major pharma players in Vietnam in 2023, competition is forecast to heat up in the future.
Many South Korean investors have recently injected big money into pharmacies, considered a sector with high potential in Vietnam. American and Japanese pharmacies have been present here for many years.
Universities in Vietnam graduate thousands of pharmacists a year, but the country has outdated manufacturing technology that could produce brandname drugs.
Six-month revenues of pharmaceutical firms paint a mixed picture of the industry in the first half.
While Vietnam’s pharmaceutical and healthcare industries are waiting for a big push to shine, foreign enterprises continue to seek more adjustments of legal barriers.