In the first five months of this year, Vietnam’s import spending on pharmaceuticals continued to increase. Especially, as expected, if the pharmaceuticals import duty is halved from 5 percent to only 2.5 percent, there will be 10-20 percent types of new foreign drugs to be registered in Vietnam, according to the general Department of Vietnam [...]
The Vietnamese pharmaceutical market is turning into an Eldorado for foreign companies due to a significant increase in year-on-year domestic demand. A Ministry of Health report has revealed that each Vietnamese person spent US$19.8 on medicine during 2009. The above-mentioned figure is expected to surge to $33.8 in 2014 and the average growth rate of [...]
Many small cake and sweet shops in the residential areas of Hanoi city continue to sell Taro jelly packets, even though the Taiwanese company New Choice Foods in Vietnam-Singapore Industrial Park II in the southern province of Binh Duong had recalled the product from shops and supermarkets across the country by June 6. The product [...]
The Ministry of Health is calling for more investment in healthcare and pharmaceutical production which it considers promising sectors amidst the rapid development of the economy. Nguyen Viet Hung, deputy director of the Ministry of Health’s Drug Administration, said both foreign direct investment (FDI) and domestic capital sources directed at hospital construction, pharmaceutical research and [...]
Tra Giang International Beauty and Cosmetics Co recently started construction of a cosmetics manufacturing and packaging plant in Dong Tho Industrial Zone in Bac Ninh Province. The plant, which will occupy a 6,400sq.m area, has a total capital investment of VND50 billion (US$2.4 million). It is expected to be operational in October. The plant will [...]
Three hundred businesses from 25 countries and territories around the world attended the 18 th Vietnam International Medical, Hospital and Pharmaceutical Exhibition 2011 (Medi-Pharm 2011 Expo) that opened in Hanoi on May 11. The exhibition was jointly organised by Vietnam Medical Products Import-Export JSC (VIMEDIMEX VIETNAM ) and the Vietnam Advertisement and Fair Exhibition JSC [...]
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