Pfizer seeks to boost presence in Vietnam

At the meeting, the two sides discussed issues of mutual concern such as institutions and policies related to the development strategy of Vietnam's pharmaceutical industry, the supply of Comirnaty vaccine, and innovative and biosimilar drugs, among others.

The meeting between Vietnam’s Ministry of Health and Pfizer

According to Tuyen, the Ministry of Health (MoH) is reviewing and amending the Pharmacy Law to attract foreign investment in the manufacturing of patented drugs, specialised drugs, generic drugs in high-tech dosage forms, vaccines, reference biological products, and biosimilar products for submission to the National Assembly for consideration.

The above orientation also echoes the perspective of the national programme on the development of the pharmaceutical industry over the 2030-2045 period that was approved by the Prime Minister in Decision No.376/QD-TTg dated March 17, 2021.

Accordingly, the goal by 2030 is to have transfer technology for producing at least 100 patented drugs, vaccines, and biomedical products that Vietnam has not yet been able to produce.

The current general policies and specialised regulations are very favourable, providing incentives for investment attraction in the manufacturing of drugs.

In line with the guidelines of the Party and government of Vietnam, the MoH is ready and wishes to create advantages for the export, import, and investment activities of pharmaceutical corporations in Vietnam, especially those that facilitate technology transfer.

"Through the information exchange, I hope Pfizer Group gained an overview of the orientation of Vietnam's pharmaceutical industry and wishes to cooperate in investment and technology transfer to promote the production of both generic and specialised drugs such as monoclonal antibodies for cancer treatment, biosimilar drugs, and biological vaccines in Vietnam," said the Deputy Minister.

Anil Argilla, president of Emerging Markets Asia at Pfizer

Argilla expressed his thanks to the MoH, related ministries, and other units for supporting Pfizer to bring the COVID-19 vaccine to Vietnam quickly, allowing it to make an important contribution to the success in the fight against the pandemic. He emphasised Pfizer's commitment to continuing to be a reliable partner in the future with long-term cooperation with the MoH in the fields of pharmaceuticals, vaccines, and biomedical products.

On May 24, Pfizer (Vietnam) Co., Ltd. and Vietnam Vaccine JSC signed an MoU to partner on the protection of public health by increasing the prevention of dangerous infections over the 2023-2025 period.

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