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Vietnam Pleads For Greater Drug MNC Investment In Local Industry

This article was originally published in PharmAsia News

Executive Summary

Vietnam's Ministry of Health is asking for help from multinational pharmaceutical companies to step up their investments in the country and support locally made products. Although Vietnam issued licenses in 2008 to 37 foreign direct-investment projects, only 25 were implemented and only a single additional investment license was granted for local drug production. The ministry noted the great potential of Vietnam's pharma sector, yet foreign investments in the industry still account for a relatively small amount of the FDI, down 25 percent from the previous year. Foreign drug makers appear interested only in seeking local suppliers for their products rather than investing in local manufacturing plants, the director of the ministry's drug administration said. (Click here for more
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