Draft master plan for the drug industry

The Vietnam Drug Administration has mapped out a draft master plan for the development of the drug industry till 2020 with a vision to 2030, with an aim to supply 70% of medicine demand of local people compared to 50% at the moment.

The administration said in the draft that Vietnam has 400 pharmaceutical companies, 178 of which are medicine producers whose total value of medicine production was US$832.2 million in 2009.

The administration said that annual expenditure for medicine per capita had increased from US$0.3 in 1989 to US$19.77 in 2009.

To increase the proportion of locally-made medicines, the administration said that between now to 2015, the drug industry needs to exploit maximum capacity of current medicine production lines, focus on technology transfer projects, and research for producing essential medicines among others.

From 2015 to 2020, the drug industry will call investors to invest more in the production of modern medicines and special medicines.

“We can provide 70% of the medicine demand if we follow strictly this investment development plan,” the department said in the draft.

The Vietnam Drug Administration has mapped out investment projects in need of the investment from the State budget and from private investors for each periods of development.

Tags: Vietnam Drug industry