Japan drugs firms eye opportunities in Vietnam

A pharmaceutical industry delegation from Toyama city in Japan has been touring Vietnam since Monday to explore opportunities for tie-ups with local firms.

Yasuhiko Shioi, the head of the delegation, said the visitors not only want to export to Vietnam but also import Vietnamese pharmaceutical products.

Domesco Medical Import-Export Joint-stock Cooperation, for instance, exports herbal-based drugs worth tens of thousands of dollars every year to Japan, Nguyen Thi Bich Thuy, director of its foreign trade department, said.

According to the Vietnam Drugs Administration, this year imports are likely to be $1.49 billion and exports, $56 million, compared to $1 billion and $50 million last year. – Tuoitre

Tags: Vietnam Pharmaceutical industry

Posted by VBN on Feb 21 2011. Filed under Health & Drugs. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry