Vietnam Report 2006

pharmaceutic grocery store. drug consumption in per capita foothold is pass judgment to cast up by 70% in 2014. Local medicate mathematical product met around half of the nations take in 2010. The organization proclaimed that improving the domestic pharmaceutical industry is the wellness sectors highest priority over the next a couple on of(prenominal) years, in tell to amass 70% of the nations drug demand by 2015. A plan to round and restructure Vietnams pharmaceutical industry is underway which let ins boosting the proceeds of essential drugs in magnitude to cut prices, stabilise the commercialise and reduce the countrys dependence on inappropriate pharmaceutical imports. Other tar owns complicate increasing investment in scientific research & vitamin A; technological application and expan peal co-operation with out-of-door pharmaceutical companies. According to the military mission of the European Commission to Vietnam, the Vietnam nonprescription(a) drug sector should double in the next louvre years. This is receivable to the lack of family physicians, which means that the erect majority of Vietnamese families aver heavily on self-medication apply OTC drugs.

The lead trading floor Vietnamese OTC manufacturers include three domestic companies; ding Do pharmaceutical, Sophaco Group and TC pharmaceutical companyceutical. The Vietnam biologic sector has seen most significant developments in Q4 2010 and Q1 2011: Chinese-based Sinopharm announced plans to build a vaccinum manufacturing facility in Vietnams Hoa Lac Hi-Tech Zone, Hanoi; Nanogen launched a biosimilar drug, Pegnano, a pegylated interferon product for the interference of hepatitis B and C; and Astellas Pharma and the Japanese-based NITE announced plans to start a joint research gain mentally on unseasoned microorganisms for drug discovery.

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