High growth potential in pharmaceutical industry


Vietnam’s pharmaceutical market has significant potential. The Health Ministry estimated the market at US$6.9bil (RM31bil) in 2021. — Bloomberg

HANOI: It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation.

According to experts, this will help them expand their shares in the domestic market which remains dominated by imported drugs and extend their international reach.

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Vietnam , pharma , potential , R&D , demand , spending

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