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Vietnam Counts 20 Percent Increase In Foreign Pharmas Operating There (Vietnam)

This article was originally published in PharmAsia News

Executive Summary

The number of foreign pharmaceutical companies operating in Vietnam grew by nearly 20 percent this year, the first after the nation acceded to World Trade Organization rules. The head of the Vietnam Pharmaceutical Management Bureau said the number of foreign firms grew from 312 to 370 this year, with India now accounting for 81 of the total. Korea and China were next, but most of the companies are considered no larger than medium-size. The bureau also said drugs made in India and Korea accounted for 58 percent of the country's medicine imports, but they also accounted for most of the 19 drugs pulled from the market because of quality violations. (Click here for more



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