pharma businesses lean towards to open innovation

Pharma businesses lean towards to open innovation

The pharmaceutical business community expects that the draft amendments to the Law on Pharmacy 2016 will be adopted by the National Assembly at the October 2024 session. The revised draft law has groundbreaking contents that create new advantages for businesses in the industry, including those of Vietnam Pharmaceutical Companies Association.
overhaul anticipated for transfer of pharma tech

Overhaul anticipated for transfer of pharma tech

Domestic and multinational corporations are expected to enjoy specific incentive policies for their tech transfer plans in Vietnam’s pharmaceutical industry.
global pharma expects bumper year

Global pharma expects bumper year

Increasing footprints in Vietnam in 2023, multinational corporations continue to eye stronger local partnerships to bring more new innovative medicines and vaccines to the local market in 2024 and beyond.
fluctuations felt in pharma retail sphere

Fluctuations felt in pharma retail sphere

The race in Vietnam’s pharmaceutical retail industry is becoming a tough arena for major players.
indian pharma groups look to local manufacturing

Indian pharma groups look to local manufacturing

When the Law on Pharma came into effect in 2016, most Indian pharma companies imported drugs from India and Europe into Vietnam. Some companies only registered drugs in Vietnam and transferred other Indian or Vietnamese pharma companies to sell.
vietnams pharma sector shows potential

Vietnam's pharma sector shows potential

Prof. Nguyen Hai Nam, rector of the Hanoi University of Pharmacy, recently asserted the potential strength of human resources in Vietnam's pharmaceutical sector, suggesting it could be the underpinning element for attracting global investment.
opportunities abound for innovative pharma industry

Opportunities abound for innovative pharma industry

Countries around the world are hoping to entice investment for their innovative pharmaceutical industries in order to bring socioeconomic benefits towards sustainable development strategies. Emin Turan, chairman of Pharma Group, talked to VIR’s Bich Thuy about the specific opportunities for Vietnam in this regard.
more effort needed to increase pharma readiness

More effort needed to increase pharma readiness

Amid existing challenges and new investment approaches towards innovation and science and technology, the pharma-healthcare sector is working to tap into these trends, while developing and enhancing regulations.
opening the domestic arena to pharma distribution

Opening the domestic arena to pharma distribution

Vietnam’s pharmaceutical market is one of the fastest growing markets in the world. However, although the market is growing rapidly, production capacity can only meet about half of domestic demand.