Under UKVFTA, UK pharmaceutical companies enjoy lower tariffs, increased access to the public procurement market for pharmaceutical products, and enhanced protection of intellectual property rights in Viet Nam.
TV.Pharm Pharmaceutical Joint Stock Company has been honoured among the "Top 10 prestigious leading enterprises in the pharmaceutical industry in Viet Nam."
Boehringer Ingelheim, one of the world’s top 20 pharmaceutical companies, has been recognised as a Top Employer across seven countries – Singapore, Malaysia, Philippines, Thailand, Viet Nam, Indonesia and South Korea in 2020 for its people-centric practices.
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 per cent of firms anticipating an annual industry growth rate of more than 10 per cent.
Foreign-invested pharmaceutical companies in Viet Nam and legal experts think there is room for administrative improvement regarding current policies on imports and distribution.
Local pharmaceutical companies should improve their
competitive advantage before Viet Nam signs the Trans-Pacific
Partnership (TPP) Agreement in order to avoid losing their regional
market share, experts said.
Great effort is required by the domestic pharmaceutical companies to
expand their share in the medicine market, which is currently largely
dominated by imported drugs.
More than 50 pharmaceutical companies from India will participate in
the two-day Indian Pharma Expo Buyer and Seller Meet 2015, which opens
in HCM City on Thursday.
The latest products and equipment in the pharmaceutical and healthcare
industries are on display at the Pharmed and Healthcare Vietnam 2013
that opened on Wednesday at the Sai Gon Exhibition and Convention Center
in HCM City''s District 7.