Pharmaceutical industry sees slowing growth momentum

In the first three months, top pharmaceutical firms like DHG Pharmaceutical and Imexpharm Corp experienced a paradoxical situation as their revenue increased while profit dipped. —Vietnam News

HANOI: The pharmaceutical industry’s growth momentum faded in the first quarter of the year, as companies grappled with fluctuating and rising prices of raw materials and intensifying competition.

The industry is an essential sector that is typically less impacted by economic slowdowns. However, weak demand has posed challenges for the fast-growing industry in Vietnam.