• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Foreign partners encouraged in VN’s pharmacy market

VGP – Deputy Minister of Health Cao Minh Quang underscored that Việt Nam always opens the door wide for foreign partners to enter its domestic sound and transparent pharmacy market.

January 14, 2009 2:27 PM GMT+7

Foreign enterprises make up 60% of the value of the pharmaceutical market in Việt Nam - Illustration photo

Mr. Quang made the statement at a conference yesterday in Hà Nội between the Ministry of Health and foreign enterprises operating in the pharmaceutical sector in Việt Nam.
The event was held to help foreign investors understand Việt Nam’s WTO commitments, the national pharmacy’s orientations in the years to come, and regulations on clinical experiments of medicines.    

The MoH informed that since January 1, 2009, all foreign invested companies and those without commercial representatives in Việt Nam only have the right to import pharmaceutical products. They are not allowed to distribute medicines in Việt Nam’s territories.

As of that day, along with enforcing regulations on export and import rights of foreign enterprises, Việt Nam has designed a roadmap to apply the medicine registration procedures in line with the ASEAN Common Technical Requirement (ACTR) and the ASEAN Common Technical Dossier (ACTD) and adopt reasonable mechanisms as well as policies to encourage domestic economic sectors to participate in producing, trading and distributing medicines.

According to the Việt Nam Administration of Pharmacy, up to late 2008, 438 foreign pharmaceutical companies were licensed in Việt Nam, 68 one higher than 2007. They made up 60% of the value of the domestic market.

Enterprises from India and the Republic of Korea account for the largest percentage (34.5%) of the total number. 

By Khánh Phương