The Pharmaceuticals Industry in Vietnam has been a key contributor to the country's healthcare sector, providing essential medicines to the population. The industry has experienced significant growth over the past decade, driven by the government's investment in healthcare infrastructure and policies to promote domestic pharmaceutical production. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.
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ARCHETYPE GROUP
763
+65 6220 0640 info@archetype-group.com
Archetype Group is a leading international construction consultancy company, we are shaping buildings that last with a full range of consulting services: Architecture & Master Planning, Building Engineering, Industrial & Process Engineering, Project & Cost Management. Since 2002, Archetype Group has been working on over 1,500 projects in 50 different countries. With a thousand of collaborators on four continents, we have showcased our expertise, our experience, and our knowledge at the service of hospitality, real estate and industrial projects. Archetype reality is the preferred partner for real estate and hospitality players. It brings best-in-class services for developers, constructors, and brands. Archetype reality focuses on four main sectors: hospitality, mixed-use high-rise, commercial & retail, and healthcare. Archetype industry serves the most renowned companies in industry and manufacturing. The company has gained excellence in understanding the most sophisticated expe…
LNT & PARTNERS
111
+84 24 3824 8522 info@lntpartners.com
LNT & PARTNERS (“LNT”) is a major full-service independent Vietnam law firm, which focuses on advisory and transactional work in the areas of corporate and M&A, competition, pharmaceutical, real estate, infrastructure and finance as well as complex and high-profile litigation and arbitration matters. The firm is among Vietnam’s most prominent, representing a wide range of multinational and domestic clients, including Fortune Global 500 companies as well as renowned Vietnamese listed companies. LNT has set a high benchmark for providing highly innovative and effective legal services. In 2016 & 2015, it was the only firm based in Vietnam listed among 25 Asian law firms as FT25 - Innovative Lawyers by Financial Times. In 2014, it was awarded Vietnam Deal Firm of the Year by Asian Legal Business (ALB), a Thomson Reuters Company. Through its continued success in negotiating complex deals and resolving high-stakes disputes, the Firm is widely recognized for its legal prowess in both transactional…
THAI KHUONG PUMPS (TKT)
26
+84 28 3620 6333 info@thaikhuongpump.com
In the 2000s, when investors brought FDI into Vietnam at the government’s request to industrialize the country, reducing the proportion of economic structure dependent on agriculture, which was still outdated. At that time, industrial parks were built, many factories sprung up, countless modern lines followed by ships, and thousands of workers worked in factories. The founder of Thai Khuong also had the opportunity to approach technology and quickly saw the critical line: Every production line uses pumping equipment. According to the times, Thai Khuong is now a significant supplier. The brand “Thai Khuong Pumps” was also born from that. Since its first steps in 2007, Thai Khuong has become familiar to many investors and large industrial and construction contractors nationwide. The number of completed projects put into operation has exceeded five numbers and spans many fields such as thermal power, hydroelectricity, ore sorting – metallurgy, petroleum, chemicals, ceramics, paint, ink…
VIET AIR FILTER
25
+84 274 3589 495 info@vietfil.com
Founded in 2008, Viet Air Filter has grown from a small-scale supplier to the leading Air Filter and Clean Room Equipment in Vietnam. Our clients range from leading Electronics Manufacturers, pharmaceuticals, Power Plants, Food and beverage, to Healthcare. With a production output of up to 100,000 units per month and a dedicated engineering team to ensure quick turnaround, we look forward to working with you to satisfy your clean air needs.
OTSUKA PHARMACEUTICAL VIETNAM JSC
20
+84 28 3930 0791 support@otsukavn.com.vn
Manufacture of Intravenous Solutions (in accordance with GMP-WHO and PIC/S standards). Implementation of right on export and import of products, including: pharmaceutical products; functional food; medical nutrition products (beverages and confectionary, etc ); containers and packing of pharmaceutical products, food, and materials for production of such products; medical machineries and equipment.
DUY TAN PLASTICS
297
+84 28 3876 2222 info@duytan.com
DUY TAN PLASTICS CORPORATION was established in 1987 and is today proud to be the leading plastic manufacturer in Vietnam with over 4000 employees. DUY TAN is continually updating compliance with new industry standards and invest in new all-electric technology. Furthermore, our strong focus on reducing our impact on the environment as well as supporting the local community is what we believe will lead to the health and wellbeing of future generations. DUY TAN GROUP currently has over 4000 employees and operate over 200 injection machines, 70+ extrusion-blow molding machines and 20+ stretch-blow molding machines from KRAUSS MAFFEI, JSW, CLF, CHUMPOWER, AKEI and SMC. The group’s total monthly capacity is roughly 7000 tons. Currently applied and up-to-date certifications include: ISO9001, ISO14001, BRC, ISO15378, SEDEX & SMETA. We are continually updating our compliance and commit 100% to our customer’s requirements. DUY TAN specializes in RIGID PACKAGING, PET PREFORMS & BOTTLES, CAPS …
RAJAH & TANN LCT LAWYERS
38
+84 28 3520 8206 connect@rajahtannlct.com
Rajah & Tann LCT Lawyers is a full-service law firm with offices in Ho Chi Minh City and Hanoi. The firm is among Vietnam’s most prominent legal advisors, representing a wide range of multinational and domestic clients on a variety of business and investment matters. With practice groups spanning all areas from banking and finance to litigation and tax, Rajah & Tann LCT Lawyers has gained a reputation for providing comprehensive, high-quality legal service to an international and local client base. Rajah & Tann LCT Lawyers is helmed by Chau Huy Quang and Vu Thi Que. In recent years, Rajah & Tann LCT Lawyers has opened offices in Vietnam’s two largest cities and grown to include more than 40 experienced associates and professionals led by six partners. Rajah & Tann LCT Lawyers has distinguished itself as one of Vietnam’s most committed and client-responsive firms, and developed strategic partnerships with Vietnamese authorities and leading legal experts in Asia.
PYMEPHARCO-STADA AG
80
+84 28 3970 2208 hcns@pymepharco.com
Pymepharco Joint Stock Company is a pharmaceutical trading company, founded in 1989 in Vietnam. After more than 30 years, from a small business Pymepharco is now one of the leading pharmaceutical manufacturers in Vietnam. Since 2020 Pymepharco is part of the STADA Arzneimittel Group, Headquater based in Germany. As part of the STADA Arzneimittel AG, we follow our group purpose of “Caring for People’s Health as a Trusted Partner”. In pursuit of this purpose, we are committed to further accelerating the successful trajectory of our company. STADA is a leading manufacturer of high-quality pharmaceuticals. With a long-standing heritage rooted in pharmacies, we are perceived as a reliable and trustworthy partner for more than 125 years. With our products we help people protect and regain a dignified and able life. With our proven Generics, we ensure that everyday health remains affordable. To our employees, we offer an attractive working environment in which they can develop personally. …
DIRECT ECO GREEN | ECO-FRIENDLY PACKAGING VIETNAM
4
+84 773 984 694 contact@directecogreen.com
Direct Eco Green is specialized in the manufacture and distribution of reusable and customizable eco-friendly packaging. Manufacturer and Distributor, we opened our branch in Vietnam in 2015, we guarantee our customers a tailor-made service with products certified. We manufacture customized packaging, at your image to meet your needs and deliver as quickly as possible. The know-how of our factories and our experience in the fields offer you a wide choice of eco-friendly packaging. The flexibility of our production sites allows us to respond to small requests, by adapting the manufacturing and transport times of your supplies. Our presence in Vietnam, China, Europe offers you complete control from the production line to the shipment of your goods to your place of delivery. Have a look at https://directecogreen.com Or by mail : contact@directecogreen.com Collaborating with us is: ✔ Quality products tailored to your needs ✔ Competitive prices thanks to our presence i…
SEN PHARMA
10
+84 90 883 52 85 support@senpharma.vn
Founded in 2022 to support pharmaceutical manufacturers in Vietnam in their transformation, upgrade and integration, SEN Pharma, though newly established, is one of the first companies to offer training, consulting, and technical supporting services, specializing in the field of pharmaceutical research and manufacturing in Vietnam. We are experts in research and manufacturing with more than 10 years of experience from both leading pharmaceutical multinationals and small-to-medium Vietnam companies. Therefore, we truly understand our customers’ needs and want to become a trusted partner to pharmaceutical manufacturers, contributing our ability and knowledge to the development of Vietnam pharmaceutical industry.
MEDISETTER DOCTOR NETWORK
5
+84 328 648 913 help@medisetter.com
Medisetter specializes in building digital communities of healthcare practitioners (HCPs) in developing countries for peer-to-peer knowledge exchange and continuing medical education (CME) purposes. Through our multiple digital touchpoints, our member HCPs can stay updated on their clinical knowledge, drug discoveries and medical innovations and participate in case discussions, seamlessly, through their smart phones. Medisetter offers pharmaceutical and medical device companies a range of omnichannel solutions to engage HCPs for scientific detailing, corporate brand-building and market research purposes through live webinars, video tutorials, customized e-learning programs, advertorials and dedicated discussion forums.
HDK INTERNATIONAL JSC
2
+84 96 757 61 95 info@hdkinternational.com
Every individual is craving for his sense of importance. At HDK International, we understand that everyone and everything is important, and we make it our mission to recognize and magnify it. Our highest aim is to ensure that our clients have the best tools for their important tasks, our suppliers have the best terms for their importance existence, and our employees have the best conditions for their important development. And that cannot be achieved without the core values that we have set out. HONESTY We are an honest organization, in every aspect of our operation. We are honest to our customers about our products, especially their disadvantages. We are honest to our suppliers about our financial situations, especially the difficulties. And we are honest to our employees about their performance, especially the great ones. We are honest with our praises, with our words, and with our hearts. DILIGENCE We make ourselves aware of our Cons, and diligently find the best solution …
IV INTERNATIONAL COMPANY LIMITED
17
+84 96 813 99 05 marketing@ivicl.com
For more than a decade with the expertise in Commodities trade, FMCG distributions, and the Healthcare industry based on experience gained through working for a variety of Multinational companies in product development and market feasibility. IV International Company Limited is an importer, distributor, and CNF negotiator throughout Vietnam, including offices in Hanoi, Can Tho, Hai Phong, Binh Phuc, and Da nang, which has managed by experienced professionals. We got expertise in providing high-quality service in a fully professional manner. We emerged from our desire to help a business focus on sales &marketing, research & development, and distributions; we guide our Clint to the space and freedom of the mind to do so. we provide our Clint with a unique strength and detailed action plan that is essential to success in this market. We act as a natural extension of your marketing department, supplementing it with headcount to achieve faster growth.
HANOI UNIVERSITY OF PHARMACY
44
+84 24 3826 4464 info@hup.edu.vn
Originated from Indochina Medical School, which is established in 1902, Hanoi University of Pharmacy-HUP is regarded as the oldest universities in Vietnam. In 1941, the Experimental School of Medicine and Pharmacy was renamed to the Indochina Medical and Pharmaceutical University. After August revolution (that followed by the foundation of the Democratic Republic of Vietnam) in 1945, it was renamed to Vietnam University of Medicine and Pharmacy. In 1961, with the increase in the demand of medical and pharmaceutical human resources, the Ministry of Health decided to split Vietnam University of Medicine and Pharmacy into two separate colleges including Hanoi College of Medicine and Hanoi College of Pharmacy. In 1985, due to substantial growth, Hanoi College of Pharmacy was renamed to Hanoi University of Pharmacy as it is today. In the last 53 years, the University has confirmed its important position and prestige in the cause of pharmaceutical staff in health sector and is the trustworth…
ASIA SHINE JOINT STOCK COMPANY
53
+84 1900 252546 asiashine@asia-shine.com.vn
Asia Shine is proud to be a distributor for more than 60 reputable and quality manufacturers in the world (France, Germany, Spain, USA, Japan, Switzerland, Belgium, Netherlands, Italy, UK, Ireland, Poland, Ukraine, Canada, Brazil, Australia, India, South Korea, China, Thailand, Philippines ...) in pharmaceutical, cosmetic, food, chemical, feed. Established on 19/04/2007, Asia Shine has constantly been developing to bring the best products and services. Initially representing only 6 suppliers with about 20 customers, we have become a reliable partner of more than 60 reputable suppliers worldwide and 120 clients nationwide. Asia Shine is proud to have excellent customer service capabilities with a team of qualified, mentally, professional skills and a sense of perfection. We have working facilities, state-of-the-art laboratories, GSP-qualified and GDP-qualified warehouse and an optimal transportation system. ------------------------------------------------------------------------------…
ROHTO-MENTHOLATUM (VN)
26
+84 28 3822 9322 enquiries@rohto.com.vn
Rohto Mentholatum Viet Nam is a subsidiary company of Rohto Pharmaceutical Co., Ltd., - one of Japans leading Pharmaceutical Groups specializing in health care and beauty care products. With the spirit of “NEVER SAY NEVER”, showing a high determination to face all difficulties, continuously creating and pioneering to overcome limitations, during our 26 years of presence in the Vietnamese market, we have not focusing only on developing health care and beauty care products, but also expanding into new fields such as regenerative medicine, food science, etc. with market-leading brands such as V. Rohto, Hadalabo, Sunplay, Oxy, Acnes, Lipice… All for a healthier and more beautiful Vietnam, both mentally and physically! Rohto-Mentholatum (Vietnam) is always interested in human resource development and training because we always understand that people are the decisive factor for the success and development of the Company. Working at Rohto, you will experience many challenges but also many…
ASIA SHINE TRADING & SERVICES CO., LTD
53
+84 1900 252546 asiashine@asia-shine.com.vn
Asia Shine is proud to be a distributor for more than 60 reputable and quality manufacturers in the world (France, Germany, Spain, USA, Japan, Switzerland, Belgium, Netherlands, Italy, UK, Ireland, Poland, Ukraine, Canada, Brazil, Australia, India, South Korea, China, Thailand, Philippines ...) in pharmaceutical, cosmetic, food, chemical, feed. Established on 19/04/2007, Asia Shine has constantly been developing to bring the best products and services. Initially representing only 6 suppliers with about 20 customers, we have become a reliable partner of more than 60 reputable suppliers worldwide and 120 clients nationwide. Asia Shine is proud to have excellent customer service capabilities with a team of qualified, mentally, professional skills and a sense of perfection. We have working facilities, state-of-the-art laboratories, GSP-qualified and GDP-qualified warehouse and an optimal transportation system. ------------------------------------------------------------------------------…
NEW TOYO ( VIETNAM) ALUMINIUM PAPER PACKAGING
18
+84 28 3729 1768 info@newtoyovn.com
New Toyo (Vietnam) Aluminium Paper Packaging Co., Ltd is a member of the Singapore listed New Toyo International Holdings Ltd. Granted license No 113/KCN-HCM - in 2001 by the Hochiminh City Export Processing & Industrial Zones Authority (HEPZA) with total land area of 20,000m2 which is located in the Industrial Zone of Linh Trung II EPZ, Thu Duc District, Ho Chi Minh City, Vietnam. We are specialized in Laminated Aluminium Foil Paper in wide range of colors, subst ances and sizes, used in high quality packaging for cigarettes, food, pharmaceutical, liquor, tea and cosmetic products. Besides, we are also a manufacturer in providing Paper Cores, Paper Cones, POY tubes, DTY Tubes with a variety of colors and sizes, which are widely used in the textile industry, specially for yarn-polyester, nylon and P.P and other related products. Our products have been produced under control of Quality Management System conformity with ISO 9001:2008, certified by BVQI with Certification No 152226. Ou…
SONG LAM TRADING & PACKAGING PRODUCTION CO.,LTD
4
+84 24 3525 0485 info@songlampack.com
Song lam Pack is the local industry leader in Vietnam in developing and manufacturing folding cartons with high quality at the most cost efficiency. We are fully integrated across the industrial and consumer packaging solutions from design to manufacturing to logistics. Our clients range from multinational and local leading companies in Food & beverage, pharmaceutical, medical-device, home and personal-care to Global Packaging Companies, who are our packaging partners.
HELIOS PHARMACEUTICAL CO., LTD.
13
+84 28 2253 9323 contact@heliospharma.vn
Given the motto “providing best products, dedicated to better healthcare and beauty of customers, setting the interests of Customers – Partners - Employees as a guideline for development”, Helios Pharmaceutical Co., Ltd - a member of Saturn Capital Group pursues international standards and constantly improves to achieve the highest business efficiency and benefits in the field of import, distribution and trading of Pharmaceuticals, Dietary Supplements, Active pharmaceutical ingredients (APIs) and Cosmetics. We bring together a dynamic, professional and responsible team and apply advanced technology into operating and managing, keep improving and innovating to offer to customers the highest quality health and beauty care products.
Top Pharmaceuticals Companies in Vietnam
Key Statistics from 2022
According to the Ministry of Health, the pharmaceutical market in Vietnam was valued at USD 7.8 billion in 2022, a 12.2% increase compared to the previous year. The domestic pharmaceutical market accounted for 55% of the total market value, with imported pharmaceuticals accounting for the remaining 45%. The industry also provided employment opportunities to over 200,000 people. Vietnam's pharmaceutical exports reached USD 366 million in 2022, an increase of 7.3% compared to the previous year.
Factors Contributing to its Growth and Success
The growth and success of the Pharmaceuticals Industry in Vietnam can be attributed to various factors, including the government's investment in healthcare infrastructure and policies to promote domestic pharmaceutical production. The government has implemented policies to promote the development of the domestic pharmaceutical industry, such as tax incentives, streamlined administrative procedures, and improved investment regulations.
Another factor contributing to the industry's growth and success is Vietnam's strategic location in Southeast Asia. Vietnam's proximity to major regional markets, such as China and India, has made it an attractive destination for pharmaceutical companies seeking to establish a foothold in the region.
Industry Growth and Comparison to Previous Years
The Pharmaceuticals Industry in Vietnam has experienced significant growth over the past decade. In 2011, the pharmaceutical market was valued at USD 2.4 billion, and by 2022, it had increased to USD 7.8 billion. These figures highlight the industry's significant contribution to Vietnam's economic growth.
Key Trends
Technological advancements have been a key trend in the Pharmaceuticals Industry in Vietnam. The adoption of new technologies, such as automation, artificial intelligence, and digital platforms, has become increasingly popular in the industry, allowing for more efficient and cost-effective operations. Additionally, the development of personalized medicine and biopharmaceuticals has improved treatment efficacy and patient outcomes.
Another trend is the increasing focus on quality and safety. With the growing awareness of the importance of quality and safety in healthcare, there is a growing emphasis on ensuring that pharmaceuticals meet international standards. This presents an opportunity for the industry to invest in quality control and assurance measures to enhance the safety and efficacy of their products.
Challenges
Despite the industry's growth and success, it still faces several challenges. One of the main challenges is the limited research and development (R&D) capacity. While Vietnam has a large and young workforce, there is a need for more investment in R&D to develop innovative medicines and treatments.
Another challenge is the limited access to financing for small and medium-sized enterprises (SMEs) in the industry. These enterprises play a critical role in the industry, but they often struggle to access financing from banks and other financial institutions. This can limit their ability to invest in technology and equipment, hindering their growth and competitiveness.
Future Outlook
The future outlook for the Pharmaceuticals Industry in Vietnam is positive. The country's growing healthcare sector and supportive government policies make it an attractive destination for pharmaceutical companies seeking to expand their operations in the region. Looking ahead, the industry will continue to play a critical role in the country's economic and social development.
One potential area for further growth in the industry is the development of biopharmaceuticals. With the increasing demand for personalized medicine and treatments, there is an opportunity for the industry to invest in the development of biopharmaceuticals, which are made from living organisms and have the potential to treat a wide range of diseases. This will require investment in R&D and collaboration with domestic and international partners to develop innovative biopharmaceutical solutions.
Another potential area for growth is the development of medical tourism. With the growing demand for affordable and high-quality healthcare services, there is an opportunity for Vietnam to develop its medical tourism sector, attracting patients from around the world. This presents an opportunity for the pharmaceutical industry to develop new products and services to meet the needs of medical tourists.
Conclusion
In conclusion, the Pharmaceuticals Industry in Vietnam has been a key contributor to the country's healthcare sector, providing essential medicines to the population. The industry has experienced significant growth over the past decade, driven by the government's investment in healthcare infrastructure and policies to promote domestic pharmaceutical production. Addressing challenges such as limited R&D capacity and access to financing for SMEs will be critical to sustaining the industry's growth in the long term. The development of biopharmaceuticals and medical tourism presents exciting opportunities for the industry to continue its contribution to the country's economic and social development while improving patient outcomes.