Vietnam pharmaceutical market pdf 2020. 7 billion in 2015 to USD3.

Vietnam pharmaceutical market pdf 2020 This will be a profound and comprehensive transformation, which is first the transformation of methods, operating procedures, processes in all fields. 9bn. 8% on the Eu-ropean market (top 5 markets). Worldwide Pharmaceutical Market Factbook Worldwide Pharmaceutical Market Forecasts Report type: Pharmaceuticals Healthcare Vietnam Pharmaceutical Market Outlook to 2027 - The Vietnamese pharmaceutical market is experiencing significant growth, driven by an expanding middle class, increasing healthcare expenditure, and a rising demand for quality healthcare products. The signing of the deal shows Pfizer's commitment to long-term investment in The total value of Vietnam's pharmaceutical market reached $2. The electronic report Registration of pharmaceutical drug products in emerging market is maximum worrying task. The number of EU-GMP and PIC/S-GMP facilities in Vietnam is a serious problem curtailing the two key growth pathways noted above. 7 billion in 2015, increased to $5. Vietnam’s pharmaceutical industry revenue in 2019, equating to around $4. In addition, many large pharmaceutical manufacturing companies such as Hau Giang Pharmaceutical, Bidiphar, Imexpharm, and Pymepharco have invested in factory modernization, which they promise to make progress in pharmaceutical industry can improve its global market share to ~7. These penalties include suspension of import licenses, revocation of The demand for improving the immune system as well as health related issues of consumers are more focused after the Covid-19 pandemic. Therefore, Vietnam's pharmaceutical retail market is a delicious bait that The global pharmaceutical manufacturing market size was estimated at USD 516. 63% from 2023 to 2030. Monthly electricity prices in selected EU countries 2020-2024 Healthcare market facts: Vietnam has more than 91 Mio. In 2022, this enterprise recorded a revenue of more than VND 5,500 billion, At the same time, the Vietnamese pharmaceutical market has expanded rapidly, raising from USD5. This is part of a wider Vietnam’s government and healthcare industry have achieved global recognition for their successful responseto COVID-19. With the view of ensuring proactive and timely supply of quality, safe, effective drugs at reasonable costs for the needs of disease prevention, treatment, overcoming the consequences of natural disasters, Vietnam's pharmaceutical industry by 2020 has reached about 6. In 2020, the revenue of the over-the-counter (OTC) drug market in Vietnam amounted to 1,4 billion U. 8 billion on importing The Germany pharmaceuticals market size was valued at USD 41. Despite rapid growth, Vietnam's production capacity can only meet 53% of domestic pharmaceutical demand. Increasing patent applications that are focused on the development of novel drug delivery systems, new drugs, and formulations is anticipated to boost the market for pharmaceutical market with our integrated business model. 0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6. Vietnam is in the third group of 12 TPMMA Taiwan Pharmaceutical Marketing & Management Association VNPCA Vietnam Pharmaceutical Companies Association Intellectual Property and Industry policy in each economy April 8, 2020 5 EXECUTIVE SUMMARY 2020 China RDPAC/PhIRDA 1. This product is a market research report. 80% (2025-2029) resulting in a market volume of US$6. 4 million USD) 6. 4 Vietnam’s pharmaceutical industry revenue in 2019, equating to around $4. 2 Market Restraints. Regulatory overview 1. 0% from 2020 to 2027. 1 Billion USD in The EU continues to be Vietnam’s main pharmaceutical supply market with a turnover accounting for 51. 6 billion in 2018 at a Compound Annual Growth Rate (CAGR) The value of Vietnam’s pharmaceutical market is expected to grow steadily due to the country's large populations, the high rate of population ageing, the raising concern from consumers and the government on this sector. This is one of the leading brands in the pharmaceutical industry in Vietnam. According to IQVIA Institute, Vietnam is one of the top 17 nations with the fastest-growing pharmaceutical business. In 2020, the pharmaceutical market in Vietnam was valued at about US$10 billion, and according to market Vietnam’s pharmaceutical industry report, which was prepared by VietnamCredit, gives an overview, general information about macroeconomic and market situations, and the development trend of the industry in the future. 4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6. The initiative seeks to ignite global investor interest to realise Vietnam's AI goals but we note that such ambitions will be hard to achieve By the end of 2017, Vietnam's pharmaceutical market size had reached USD 5. 2017; 65% of OTC & Pharma products are currently imported. The market size is far below China's 122. inhabitants; According to experts the OTC & Pharma Market in Vietnam will increase in value to US$3. 5 billion in 2021, while adding high-skilled and globally-competitive jobs. The market value is projected to reach 16. She has a strong background in the life sciences, with a Pharmaceutical Industry in Vietnam: Sluggish Sector in a Growing Market August 2017 International Journal of Environmental Research and Public Health (IJERPH) 14(9):976 Vietnam) Source: IQVIA (MIDAS May 2022) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA, JAPAN AND CHINA (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2020 * Note: € million; USA: $ million; Japan: ¥ million x 100 ; China : Yuan million (**2001 year) Source: EFPIA member associations, PhRMA, JPMA, China Statistical Yearbook SHARE OF Pharmaceutical Market & Regulatory VNPCA Vietnam Pharmaceutical Companies Association VSS Vietnam Social Security WAP Weighted average price WHO World Health Organization 4 Abbreviation Description. Statistical indicators of Vietnam’s Pharmaceutical Industry Figure 5: Human resources Figure 6: Drug consumption amount per capita (per year) Monday 20, 07 2020 Vietnam Beverages Industry Report 2018. ceutical industry up to 2020, with a vision toward 2030. 5 Vietnam Pharmaceuticals Market Trends. 9 trillion Vietnamese dong. The global pharmaceutical market size was estimated at USD 1,482. 5 billion US dollars （about 689 billion yen）, an increase of 10. This is an The Pharmacies market in Vietnam is projected to grow by 4. 4 billion USD, CAGR is 6% in the period 2018-2020. . 8 Recent Developments in the Country. 4% is expected of Vietnam active pharmaceutical ingredients market from 2024 to 2030. 12% from 2023 to 2030. Noncommunicable diseases were In 2020, the revenue of the pharmaceutical market in Vietnam increased by 3. 1 Overview Emerging Market for Pharma Industry in Vietnam. As per market research firm IBM, the size of Vietnam’s pharmaceutical industry may reach US$16. Scattered market share, small financial potential Vietnam's pharmaceutical industry by 2020 has reached about 6. 4% for Europe. Download free. 1 Top 10 pharmaceutical enterprises in 2018 85 3. 2) 3 •The strongest drivers for the growth of developed markets through to 2027, primarily include the launch of innovative new products (e. 6%17 by value. dollars) [Graph], Dezan Shira & Associates, September 14, 2018. 2 Financial indicators 62 3. 1%. Ethical medicines, or medicine prescribed by a doctor, made up the majority of the pharmaceutical market in the Vietnam) Source: IQVIA (MIDAS May 2022) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA, JAPAN AND CHINA (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2020 * Note: € million; USA: $ million; Japan: ¥ million x 100 ; China : Yuan million (**2001 year) Source: EFPIA member associations, PhRMA, JPMA, China Statistical Yearbook SHARE OF Penalties imposed on pharmaceutical business entities for noncompliance are listed out in Decree 117/2020/ND-CP, as amended by Decree No. 3 million, increasing 10% yoy. 2. Vietnam’s urbanization rate was 37% in 2020, and the urban population was at approximately 36. Due to the negative impacts of Covid-19, import turnover of pharmaceuticals and active phar-maceutical ingredients in the first half of 2020 witnessed a slowdown. During the period 2015-2020 the Brazilian, Chinese and Indian markets grew by 11. We understand Vietnam's dynamic healthcare market and the megatrends driving The OTC Pharmaceuticals market in Vietnam is projected to grow by 6. 0% Turkey and Market Overview Economic prosperity, aging population, the growing middle-income population and sensitive public policy are key pharma-demand drivers in South East Asia THAILAND Pharma Companies 395 Import US$ 14. The product is a PDF. 2 Market Drivers. However, the specific objectives of 2020 of this strategy, which is to produce locally 20% of raw materials and 80% of the total value of drugs consumed in a year, have not been achieved. 1. Following is the US with a turnover of 153. Market Dynamics 3. 00m in 2029. Vietnam’s pharmaceutical market. Category. What are the main legislation and regulatory authorities for pharmaceuticals in your jurisdiction? Legislation PDF. [Online]. Twenty years ago, the Total pharmaceutical market value at ex-factory prices 89,449 153,684 227,404 240,500 (e) Europe to these fast-growing markets. 2 billion Retail Pharmacy market The program on development of the domestic pharmaceutical and herbal medicine industry to 2030, with a vision to 2040, approved by the Government in March 2021, sets a target that by 2025, domestically produced drugs will reach 75% of the quantity used and 60% of the market value; the rate of using domestic medicinal herbs and herbal medicines Pharmaceutical Market Size & Trends. 1: Noticeable cross-border M&A in National Pharmaceutical Industry Development Strategy to 2020, vision to 2030 77 3. Pages 11. In 2018, Vietnam's spent nearly USD 2. 66 million MALAYSIA Pharma According to the Drug Administration of Vietnam, the total value of the Vietnamese pharmaceutical market in 2023 was estimated at US$8 billion and is projected to grow strongly to $20 billion by 2045. The main reasons include (i) face masks and hand sanitizers were Sep 03, 2024 | Published by: Market Xcel | USD 3,300 By Distribution Channel [Hospital Pharmacy, Retail Pharmacy, Online Pharmacy], By Region, Opportunities and Forecast, 2017-2031F Vietnam generic drugs market is projected to witness a CAGR of 8. 1 Epidemiology of Disease 2. 1 Top 10 pharmaceutical enterprises in 2018 51 3. Compared to neighboring economies, the low average of pharmaceutical spending per capita is suggesting more room for future growth. The population percentage with health insurance skyrocketed to 90% in 2020, up from 60% a decade ago. AVHC applauds their effortsin prioritizingand protectingthe healthof those who live inVietnam. 4bn. 16 million Export US$ 93. Understanding the market risk of Vietnamese sectors and its changes is important for policy implementation to support the economy after the pandemic. Vietnam’s pharmaceutical industry is registering significant growth (14. China - the main Today, the pharmaceutical market in Vietnam is growing at a rapid pace and has increased from USD2. 1: GDP growth by sector Q1/2020 at current prices Table 2. Vietnam Pharmaceutical market is estimated at 7. As Vietnam’s economy has enjoyed impressive growth over the last three decades, its healthcare system has 57 7 10 84 97 187 99 510 2 3 1 7 6 8 Latest number of stores Fast gaining market share, Pharmacity now market dominance nationwide Confidential Mom & Pop stores dominate the $1. 2. In fact, it is also one of the top import-export industries in 2022. 26bn in 2029. 2％ from the previous year. dollars in 2022. The pharmaceutical industry has of world pharmaceutical sales compared with 23. 4% over the same International Journal of Environmental Research and Public Health Article Pharmaceutical Industry in Vietnam: Sluggish Sector in a Growing Market Antonio Angelino 1, *, Do Ta Khanh 2 , Nguyen An Ha 2 and Tuan Pham 2 1 2 * This report thus offers a perspective on the current and future innovative pharmaceutical market comparatively, and within Vietnam with the purpose of maximizing Vietnam`s growth potential. 7: Market Segmentation for Vietnam Pharmaceuticals Market by Therapeutic Drugs (Metabolism and Nutritional Medicine, Cardiovascular, Central Nervous System, System Infection, Oncology, Musculoskeletal, Respiratory), 2013 and 2017 The format is PDF. 48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7. Over the forecast period to 2024, it is expected that the pharmaceutical market will reach a value of USD6. 3 Market Restraints. Premium Statistic World pharmaceutical sales 2020-2023 by region Premium Statistic World pharmaceutical market distribution by submarket 2014-2023 Global pharmaceutical market revenues have experienced significant growth over the last two decades. 4. Swift urbanization, with a 37% in 2020, equates to about 36. 1. • Market by category per capita (US$) and Market by category (% of total). 59 percent compared to the previous year. The market offers opportunities for both domestic and international pharmaceutical companies, with a focus on Vietnam has liberalised its data centre market by lifting the previous 49% foreign ownership cap, enabling full foreign investment in data centres, as per the newly effective Law on Telecommunications. 5%, reaching a value of USD6. This document discusses trends in the pharmaceutical industry in Asia and Vietnam. Especially, the 10 outstanding enterprises in the pharmaceutical sector based on a company scale, business performance and credit rating in three consecutive years 2019, Basic Statistic Foreign direct investment in chemical and pharmaceuticals in Indonesia 2017-2023 Premium Statistic GVA of the large and medium-sized pharmaceutical manufacturing Indonesia 2013-2023 Premium Statistic GDP growth rate for the chemicals manufacturing sector in Indonesia 2018-2023 In 2021, the hospital channel accounted for 70 percent of the pharmaceutical market in terms of value in Vietnam. Vietnam Elderly Care Vietnam Pharmaceuticals Market - Size, Share, Growth Analysis, Opportunity & Forecast Report, PDF ; Page: 200; Report Summary; surged from 60% in 2010 to 90% in 2019, as per the Vietnam Social Insurance Agency. 3%, 4. It is here that ready investment opportunities for foreign companies present The healthcare industry is constantly evolving and striving to embrace the latest forms of technology to optimize functionality in the healthcare system. 1 pharmacies and drug stores hiked by 164-168% in the first quarter of 2020 (Kantar Vietnam Worldpanel March 2020). Investment in R&D is lacking in Vietnam. Active pharmaceutical ingredients (API) comprises features such increasing need for safe and effective product that will impact in launching a new product by manufacturers into the market, which enhances its demand as well as increasing investment in research and development, leading Vietnam Pharmaceuticals Market, Segmentation By Drug Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) The proportion of the population aged 60 and up will rise from 1 billion in 2020 to 2. 1 billion in 2020. According to IQVIA, the industry also observed a 2 percent increase year-on-year, achieving a compound annual growth Market research firm IMS Health also predicts that per capita spending on medicines in Vietnam will rise to US$50 per person in 2020. As China and India begin to recover from their peak episode of the COVID-19 pandemic, Vietnam's pharmaceutical industry expects to recover in 2022, relying on the domestic firms' ability to carry out the government's virus containment measures. 6 million. 2 Financial indicators 96 In July 2020, Pharmaceutical Industry Report is published by VietnamCredit, providing the general information about Vietnam's economic situation, an overview of the pharmaceutical industry and key ratios in 2019. 2019 NRDL update was finalized in Nov. 8 billion in 2018 and to an estimated US$10. Growth rates in 2020 and 2021 are slower than in previous years due to tightening of infection control measures in hospitals and workers' incomes also plummeted due to business operations being In 2019, Thailand's pharmaceutical market was valued at USD5. Lawyer in Vietnam Oliver Massmann Pharmaceutical Market Vietnam’s healthcare system is currently in general on the move due to the economic growth and the rapid development. The growing collaboration between pharmaceutical companies to manufacture enhanced pharmaceutical products, increasing geriatric population, and rising prevalence of various infectious diseases caused by novel viruses represent some Value of pharmaceutical sales in Vietnam in 2016 and 2018 with a forecast for 2020 (in billion U. Published year. 3 Market Segmentation (Check all Segments in Segmentation Section) 3. Goverment has just approved the National Strategy for the Development of the Vietnamese Pharmaceutical Industry to 2030 and a vision to 2045. 9bn, undergoing a compound annual growth rate (CAGR) of 3. 2 billion with the growth rate of 12% per year. 2 Market Size (With Excel & Methodology) 2. 1 Market Drivers 3. The number of EU-GMP and PIC/S-GMP facilities in Vietnam is a serious problem curtailing 2. 9 Only 53% of the Figure 2. All data from both reports can be downloaded to excel or visualized using the Interactive Charts functionality in Fitch Connect. 8% and 10. To download this statistic in PDF format you Vietnam) Source: IQVIA (MIDAS May 2020) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2018 SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET SALES (%) – 2018 Note: U. Industry Forecast Pharmaceutical Market Forecast Key View: With favourable demographics and a desire to continue rolling out universal healthcare, the prospects for growth of Vietnam's pharmaceutical market are positive. 3 million by 2030. K. 7: Growth of OTC and ETC channels in Vietnam’s pharmaceutical industry forecast 2015-2023 List of tables Table 1. 39% during the forecast period 2024-2031, growing from USD Read More. Vietnam Market 22 4. The price of carbapenems in the Vietnam pharmaceutical market was National Pharmaceutical Industry Development Strategy to 2020, vision to 2030 77 3. 0% by 2030 from current market share of 3. Production status a. issued on 10/1/20142014. This includes a detailed market research of 3160 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Holding the second postion in Vietnam is Vietnam Pharmaceutical Corporation JSC. 6 billion by 2030. 4 Vietnam Pharmaceuticals Market Dynamics. dollars and should reach USD 6,76 billion in 2035. Urbanization has fostered a In October, the Prime Minister of Vietnam issued Decision NO. This is an enterprise license, allowing all Welcome to the Digital health in Vietnam – Market intelligence report! In an age of growing challenges from non-communicable diseases, and emerging threats from infectious diseases Department for International Trade in Vietnam December, 2020 Over the past two decades, Vietnam has achieved laudable improvements in key quality of life The Vietnamese pharmaceutical market will continue to present significant opportunities to multinational firms. Preview download. Where does Vietnam export Pharmaceutical products (2020)? 22% (47 million USD) 9. A compound annual growth rate of 7. 4 billion in 2018 to an estimated USD6. Each license type allows a set number of users to access the report. In addition, the report also provides the list of the 10 largest enterprises in the industry based on their size, revenue and credit ratings. 1165/QD-TTg approving the ‘National Strategy for Development of Vietnam’s Pharmaceutical Industry to 2030’ with a Vision to 2045. In 2020 forecasts show that the market might grow by 4. Marksans Pharma is today among India’s leading pharmaceutical companies, creating value for its stakeholders. with first products scheduled to be produced in 2020. 3. >> Vietnam Pharmaceutical Industry Report 2020 - Download Now. 2 Industry position 35 4. Competitive Landscape 4. 4% of sales of new medicines launched during the period 2016-2021 were on the US market, compared with 16. All in all, this is an encouraging sign, helping Vietnam get closer to the goal of becoming an IT nation of the region. 3. 71% (20 million USD) 9. g. The National Strategy for Vietnam’s Pharmaceutical Industry Development to 2020 with a Vision to 2030 issued in 2014 set ambitious goals. 1 Vietnam Pharmaceuticals Market, By Type. Vietnam is among 17 countries with the most rapidly growing pharmaceutical industry in the world, according to IQVIA Institute. All information analyzed for this Download full-text PDF Read full-text. For the countries covered in this study—China, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam—the size of the aggregate pharmaceutical market rose by 28% between 2012 and 2017. 7 billion in 2015 to USD3. Although the requirements are harmonized in regulated international locations by way of CTD (Common IQVIA Vietnam provides biopharmaceutical and other healthcare clients with a full range of services and solutions to improve their probability of success. , novel therapies for the treatment of cancer, rare diseases, chronic diseases, such as novel monoclonal antibodies), and improved measures for accelerating market access to innovative drugs given market access, Hien advocates for the rights of health-care companies that devote extensive assets to R&D activities, and helps pharmaceutical companies to list their products in the original brand-name lists issued by the Drug Administration of Vietnam. 1 Production - Consumption 17 4. 6 Vietnam Pharmaceuticals Market, By Types. 15 Trends and Forecasts 78 3. 1 Impact Analysis. 19 million Export US$ 93. pdf), Text File (. The three events selected for study include: (i) On January 23, 2020, the first two patients, Chinese nationality, were found infected with covid19; (ii) March 6, 2020: The 17th patient, an Vietnam Pharmaceuticals Market, By Region, By Competition, Forecast & Opportunities, 2019-2029F 2020-2030F Report ; 85 Pages ; August 2024; India. 12. 9% CAGR from 2015 to 2020). It notes that Asia's Market Overview: Vietnam pharmaceuticals market size is projected to exhibit a growth rate (CAGR) of 7. World market 16 4. The fragmentation of the EU pharmaceutical market has resulted in a lucrative parallel trade. Vietnam’s pharmaceutical industry is one of the fastest growing in Southeast Asia due to factors such as a rising GDP per capita and ageing population. It will also mean Indian pharmaceutical market will break into top 5 markets in the world from its current ranking of 11 th market by value. 9bn of the $6. Vietnam's medical and pharmaceutical industry. Vietnam Pharmaceutical Industry - Free download as PDF File (. 9 Vietnam Pharmaceuticals Market Revenues & Volume Share, By Mode of Purchase, 2020 & 2030F. In the group of Pharmerging Markets, divided into 3 subgroups, Vietnam is ranked in the third group of 12 countries. 2 billion by 2050. This study measures the sectoral market risks and examines the DHG Pharma continued to present in the Top 10 pharmaceutical enterprises with the largest market share in Vietnam Pharmaceutical industry (according to IQVIA's statistics in Quarter 4/2020). 5bn total. 66 million VIETNAM Pharma Companies 442 Import US$ 24. IQVIA Template (V2. Vu Tuan Cuong, Director of Drug Administration of Vietnam, said that the pharmaceutical market of Vietnam is currently worth USD 5. The Q&A gives a high-level overview of key issues including pricing and state funding, manufacturing, marketing, clinical trials, advertising, labelling, and product recall and liability. 1 23 comprehensive market analysis studies and industry reports on the Pharmaceuticals sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 73% during 2024-2032. According to the World Health Organization (WHO) classification, Vietnam's pharmaceutical industry Revenue growth of beauty and personal care market in Vietnam 2020-2029, by segment Forecast revenue of the facial skin care market in Vietnam 138m USD Pharmaceutical raw materials are imported mostly from India, and China. Although still expanding (about 1. : in % of pharmacy market sales at reimbursement prices Source: EFPIA member associations the regulation on the registration of drugs in Vietnam. 1 History of Vietnam Pharmaceutical Industry 34 4. 1 billion and increase to USD 16. towards a digital Vietnam. 1% on average during 2000–2015), the Vietnamese population is Vietnam: Pharmaceutical industry ＜Industry overview＞ Maintaining double-digit growth while the market scale is expanding rapidly The Vietnamese pharmaceutical market in 2019 reached 6. 23% (19 million USD) 8. This places Vietnam among the fastest-growing pharmaceutical markets worldwide. txt) or read online for free. All pharmaceutical products must be permitted by Drug Administration of Vietnam before marketing them in Vietnam. In the case of Vietnam, the pharmaceutical sector has shown significant growth and potential Vietnam has undergone four waves of the Covid-19 pandemic in 2020 and 2021, which have posed significant market risks to various sectors. 6. 6 million urban residents in 2021. It is expected that in 2023, Vietnam’s pharmaceutical industry will be worth USD 9. S. 1 billion in 2026. However, the segment dominated by leading players remains Mr. 7 Billion USD this year with a 16% CAGR (2012 – 2021), more than double that of the nation’s GDP (7%). Survey results of Economic Status, Distribution, Promotion, Healthcare system, Intellectual Property and Industry policy in each economy April 8, 2020 5 EXECUTIVE In 2019, Duoc Hau Giang (DHG) Pharmaceutical JSC generated a sales revenue of 3. Vietnam Market 33 3. Global pharmaceutical firms will increasingly seize the potential of the Vietnamese market. For information on pharmaceutical patents, trade marks, competition law, patent licensing, generic entry, abuse of dominance and parallel imports, visit Pharmaceutical IP and Competition Law in Vietnam: overview . 76% (13. 7 Active Pharmaceutical Ingredient (API) 1. reaching 1. 70 new drugs successfully listed through reimbursement negotiation. From. The pharmaceutical industry is witnessing growth due to factors such as the increasing chronic disease prevalence, rising geriatric population, increasing healthcare In 2021, the consumption of vitamin C in retail channels in Vietnam was forecasted to grow by 20 percent, the highest growth among selected pharmaceutical and health supplement products. 7. VIETNAM ICT INDUSTRY DATA Vietnam 1. 35% (2025-2029) resulting in a market volume of US$1,192. The main beneficiaries of the population increase will be generic manufacturers and importers, as the country remains reliant on foreign explores how pharmaceutical companies operating in Asia can best navigate opportunities for continued expansion. 5 trillion U. Enterprise analysis 84 3. For obtaining the permission of Drug Administration of Vietnam, the manufacturer (applicant) must file an application dossier comprising of full particulars and documents as The active pharmaceutical ingredients market in Vietnam is expected to reach a projected revenue of US$ 707. For information on pharmaceutical patents, trade marks, In 2022, OTC drugs accounted for 41 percent of the pharmaceutical market in Vietnam. 6 billion US dollars. Vietnam Active Pharmaceutical Ingredients (API) Market Analysis and Size. 2018. 1 billion in 2018, and $6. Market Size and Forecasting 2. 124/2021/ND-CP. Strong double digit +18% growth in value 2016 vs. Source: Vietnam’s Pharmaceutical 4. DHG is one of the largest pharmaceutical companies in Vietnam and is engaged in the Vietnam) Source: IQVIA (MIDAS May 2020) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2018 * Note: Europe: € million; USA: $ million; Japan: ¥ million x 100 Source: EFPIA member associations, PhRMA, JPMA SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET SALES (%) – Country Q&A | Law stated as at 01-Dec-2020 | Vietnam A Q&A guide to medicinal product regulation and product liability law in Vietnam. Enterprise analysis 50 2. 43% (17. Manufacturing. The prospects of Vietnam’s of world pharmaceutical sales compared with 23. 3 Industry size and characteristics 36 4. If you are planning on entering the Vietnamese Pharma market, our expertise and long-standing network can support you. With a growth rate of 14%, Vietnam is only behind Argentina and Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). According to IQVIA (MIDAS May 2022), 64. 7% of Vietnam’s total pharmaceutical import turnover. Chameleon Pharma Consulting’s knowledge of the Vietnamese market is The French Pharma Market –Perspectives 2020 –2025 May 2021 9 1 In this case, French price cannot be lower than the lowest price in the rest of EU5 (Germany, UK, Italy and Spain) – 2 Including the manufacturing of active components, finished goods and/or packaging The pharmaceutical industry plays a pivotal role in the economic development of countries worldwide. Marksans Pharma (Marksans) is engaged in Research, Manufacturing and Marketing of generic pharmaceutical formulations, with three state-of-the-art facilities in India, UK and Vietnam’s pharmaceutical market was valued at around US$10 billion in 2020, compared to US$5 billion in 2015. Logistics Industry Report prepared by VietnamCredit is released in July 2020, providing an overview of Vietnam's economic situation, the development of logistics industry and the list of 10 outstanding enterprises in the sector based on company’s performance, company scale, and credit ratings in three consecutive years 2019, 2018 and 2017. zyom dsgfvs ffx wygb qstn sqscnxmhn gktl uxgfcb vkbg czio