VietNamNet Bridge - The pharmaceutical industry is expected to see big changes this year thanks to investments from both Vietnamese and foreign companies. The revenue of Vietnam's drug market was $5.2 billion in 2017 According to BMI, the revenue of Vietnam’s drug market was $5.2 billion in 2017 and the figure is expected to reach $7.7 billion in 2021. A report shows that the average spending on drugs has increased from $9.85 in 2005 to $37.97 per capita in 2015. In 2017, the figure was $56 and expected to maintain an annual 14 percent growth rate until 2025. Encouraged by the high growth rates, more and more foreign pharmaceutical firms have joined the Vietnamese market through M&As. Abbott acquired 51.7 percent of shares in Domesco and bought Glomed Pharmaceutical which allowed it to immediately have two factories worth $18 million which specialize in making non-beta lactam and beta lactam (Cephalosporin) products. Sanofi from France signed an agreement on … [Read more...] about Pharmaceutical firms make big investments on predicted market growth
Pharmaceuticals
Taisho Group increases holding in Hau Giang Pharmaceutical
Taisho Group expressed interest in buying an additional 650,000 shares to increase its holding in Hau Giang Pharmaceutical JSC (DHG) to 24.94 per cent. Taisho Group to increases its holding in Hau Giang Pharmaceutical The sale is expected to be conducted on June 6-7. The offered price was the closing price of the transaction session on June 1 (VND104,500–$4.58), thus Taisho will have to pay VND67 billion ($2.94 million) for the purchase, according to enternews.vn. It is just a small share volume, however, it brings Taisho Group closer to its target of enhancing its pharmaceutical business in Asia, including Vietnam. In July 2016, Taisho acquired more than 21.3 million shares or a 24.4 per cent stake in DHG. The value of the deal was not disclosed, but based on June 30, 2017 data, with each DHG share closing at VND103,000 ($4.52), the deal should be worth nearly VND2.2 trillion ($98 million). At the time, the group believed the transaction and alliance with DHG, as the … [Read more...] about Taisho Group increases holding in Hau Giang Pharmaceutical
Vietnam encourages RoK firms to invest in food and pharmaceuticals
The Vietnamese Government and the Health Ministry (MOH) always seek to encourage companies from the Republic of Korea (RoK) to introduce new quality products and make investments in Vietnam’s food and pharmaceuticals industries, Minister of Health Nguyen Thi Kim Tien has said. Minister of Health Nguyen Thi Kim Tien (L) at the working session - Photo: moh.gov.vn The Vietnamese official made the remarks at a May 16 working session in Hanoi with a delegation of the RoK Ministry of Food and Drug Safety (MFDS), led by its Minister, Ryu Young-jin, during which the two sides signed a memorandum of understanding (MoU) on bilateral cooperation in food safety, pharmaceuticals, cosmetics, and medical equipment. She stated that Vietnam and the RoK have jointly developed projects to strengthen their collaboration capabilities in the area of food safety. Vietnam has imported many famous RoK foods, whilst exporting a lot of its food products to the RoK. Concerning the field of … [Read more...] about Vietnam encourages RoK firms to invest in food and pharmaceuticals
Vingroup enters pharmaceutical industry
Conglomerate Vingroup has announced its entry into the pharmaceutical industry with its Vinfa brand. Following the success of the Vinmec Medical System, Vinfa will produce and sell good-quality Oriental and Western medicines to serve the domestic and export markets - Photo courtesy of Vingroup Along with pharmaceutical research, manufacturing, trading and export-import tasks, Vinfa will focus on the preservation, research and development of traditional Oriental medicines with origins in Vietnamese herbs. Theo VNA … [Read more...] about Vingroup enters pharmaceutical industry
Vingroup enters pharmaceutical industry with Vinfa
Conglomerate Vingroup has announced its entry into the pharmaceutical industry with its Vinfa brand. Along with pharmaceutical research, manufacturing, trading and export-import tasks, Vinfa will focus on the preservation, research and development of traditional Oriental medicines with origins in Vietnamese herbs. Following the success of the Vinmec Medical System and realising the expansion plan in the healthcare sector, Vingroup has established Vinfa Joint Stock Company in the pharmaceutical business, along with an investment to build Vinfa Drug Research and Production Centre in Gia Binh District, Bac Ninh Province. With a total investment of VND2.2 trillion (US$97.7 million), the project’s first phase will be built in an area of nearly 10ha following international standards, including research, production, logistics and support works, according to Phan Thu Huong, chairman of the Vinfa’s Board of Directors. With investment from Vingroup, the entire production process at … [Read more...] about Vingroup enters pharmaceutical industry with Vinfa