Pharma rules unable to stand test of time

Pharma rules unable to stand test of time

After four years of enforcement of certain pharmaceutical rules, multinational corporations remain concerned and are changing operations in Vietnam, with import being one of the main focuses.
Mitigating procedural delays in pharmaceutical market

Mitigating procedural delays in pharmaceutical market

While Vietnam has witnessed positive developments in the pharmaceutical and healthcare spheres over the past few years, some issues still need to be ironed out.
International investors scoop up major stakes in drugmakers

International investors scoop up major stakes in drugmakers

Dealmaking and investment in pharmaceutical and healthcare businesses are increasing in scope as investors are vying for the controlling stake of key players.
Local pharma sector to benefit from EU connection

Local pharma sector to benefit from EU connection

Despite lower-than-expected growth, Vietnam’s pharmaceutical market performed better than other global markets in the past 12 months. Magdalena Krakowiak, chairwoman of the International Quality Medicines’ Generic and Biosimilar Sector Committee (IQMED) at the European Chamber of Commerce in Vietnam, writes about 2020 results and future prospects thanks to the EU-Vietnam Free Trade Agreement.
The prescription for 2021 – to invest in high quality and give back to society

The prescription for 2021 – to invest in high quality and give back to society

In 2020, Vietnam’s pharmaceutical market is estimated to have grown by around 4 per cent compared to the previous year, according to healthcare data multinational IQVIA. The market is expected to continue growing significantly in terms of both capacity and value thanks to the country’s population size of nearly 100 million people, improved access to healthcare, and the government’s efforts to promote universal health insurance.
Novartis brings pioneer online medical platform to Vietnam

Novartis brings pioneer online medical platform to Vietnam

Aiming to offer an exclusive digital network for medical staff, Novartis Vietnam Ltd. has recently teamed up with Docquity Holdings Pte., Ltd. to bring the Docquity online platform to Vietnam.  
Russian firms urged to set up pharmaceutical ventures in Vietnam: meeting

Russian firms urged to set up pharmaceutical ventures in Vietnam: meeting

Russia’s pharmaceutical companies should consider setting up ventures in Vietnam instead of only focusing on exports, heard a virtual meeting held on July 10 on potential for the Vietnam-Russia trade and economic cooperation after the COVID-19 pandemic.
Pharmaceutical groups yearn for end to VAT tangle

Pharmaceutical groups yearn for end to VAT tangle

Amidst lingering complaints from businesses on VAT for imported medical devices, the Ministry of Finance has broken its silence by announcing the ongoing revision of prevailing rules, but tangled inconsistencies will remain with no timeline yet revealed.
Novartis agrees to $642mn US settlement over kickbacks

Novartis agrees to $642mn US settlement over kickbacks

Swiss pharmaceutical giant Novartis has agreed to pay more than $642 million to settle a lawsuit which accused it of paying kickbacks to doctors, among other allegations, the US Department of Justice said Wednesday.
Gradual but radical changes set to sweep pharmaceutical landscape

Gradual but radical changes set to sweep pharmaceutical landscape

The upcoming implementation of the EU-Vietnam Free Trade Agreement (EVFTA) is expected to transform the competitive landscape of Vietnam’s pharmaceutical and medical industry. 
Lucrative opportunities amid crisis

Lucrative opportunities amid crisis

The pharmaceutical and healthcare industry is creating new medical and biotech billionaires in Vietnam, putting the country on the global map of breakthrough medical advances.    
Pharma chiefs expect coronavirus vaccine in 12-18 months

Pharma chiefs expect coronavirus vaccine in 12-18 months

The pharmaceutical industry expects it will take 12 to 18 months to roll out a coronavirus vaccine, executives said on Thursday (Mar 19), as they jointly pledged to make it available worldwide based on need.
Pharma initiatives  to cure the needy

Pharma initiatives to cure the needy

Multinational pharmaceutical groups are seeking ways to support Vietnamese in accessing medical services, and widen their market share in the country in the face of drastic competition.
Big players join hands in national epidemic prevention campaign

Big players join hands in national epidemic prevention campaign

The threat caused by the novel coronavirus outbreak has been partly relieved with the engagement of leading prestigious players from the pharmaceutical industry, such as Traphaco. 
Imexpharm continues to push limits of possibility

Imexpharm continues to push limits of possibility

As Vietnam has become an emerging pharmaceutical market, Imexpharm is eager to invest in innovation and technology to capitalise on rising healthcare demand.
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