Vietnam Report 2006

pharmaceutical grocery store. Drug consumption in per capita terms is pass judgment to increase by 70% in 2014. Local medicate ware met around half of the nations needs in 2010. The organization announced that improving the domestic pharmaceutical industry is the wellness sectors highest priority over the next a couple of(prenominal) years, in order to meet 70% of the nations drug demand by 2015. A plan to expatiate and restructure Vietnams pharmaceutical industry is underway which includes boosting the production of essential drugs in order to cut prices, stabilise the market and reduce the countrys dependence on opposed pharmaceutical imports. Other targets include increasing investment in scientific research & technological application and expanding co-operation with remote pharmaceutical companies.

According to the Delegation of the European Commission to Vietnam, the Vietnam nonprescription(a) drug sector should double in the next louvre years. This is due to the lack of family physicians, which means that the large majority of Vietnamese families rely heavily on self-medication using OTC drugs.



The lead story Vietnamese OTC manufacturers include three domestic companies; ding Do pharmaceutical, Sophaco Group and TC Pharmaceutical. The Vietnam biologic sector has seen approximately 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 treatment of hepatitis B and C; and Astellas Pharma and the Japanese-based NITE announced plans to start a joint research create mentally on new microorganisms for drug discovery.



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