Vietnam Pharmaceutical industry uses about 60,000 tons of pharmaceutical materials and 80-90% of them are imported. In particular, China and India have been the two countries with the largest export turnover of pharmaceutical materials in Vietnam for many years.
The total value of the pharmaceutical industry in 2018 was estimated at 5.9 million USD, of which imported pharmaceuticals made a significant contribution to the growth rate. Vietnam pharmaceutical import turnover reached USD 2,795.9 million, almost equal to the same period last year. Pharmaceutical exports in Vietnam have continuously increased since 2012, in 2018, pharmaceutical exports reached approximately 5.6% of the total import value, but mainly exported on the spot.
According to information on drug prices declared on the website of the Drug Administration of the Ministry of Health, from the beginning of the year to 30th November , 2018: About imported drugs, there are 482 turns of prescription drugs declaring prices, 26 times of goods re-declared prices; About domestic drugs, there are 957 items of price declaration, 152 items of goods are re-declared. Thus, the total amount of drug re-declared accounted for less than 0.5% of the total drug circulation volume.
Pharmaceutical is an essential demand group, so economic growth has almost no effect on the growth rate of the industry. With WTO, Vietnam's pharmaceutical market has gradually opened its doors. After the CPTPP Agreement signed on March 8, 2018, domestic Pharmaceutical Companies will be put under greater competitive pressure from foreign companies.
M & A trends between domestic and foreign businesses took place strongly for drug production in franchise and distribution sectors. Vietnam's pharmaceutical industry is forecasted to continue double-digit growth compared to the current value growth but tend to decrease compared to the 2010-2015 period. Most businesses in the pharmaceutical industry still maintain a positive business situation with positive gross profit and net profit in the period of 2016 - 2017.
The total value of the pharmaceutical industry in 2018 was estimated at 5.9 million USD, of which imported pharmaceuticals made a significant contribution to the growth rate. Vietnam pharmaceutical import turnover reached USD 2,795.9 million, almost equal to the same period last year. Pharmaceutical exports in Vietnam have continuously increased since 2012, in 2018, pharmaceutical exports reached approximately 5.6% of the total import value, but mainly exported on the spot.
According to information on drug prices declared on the website of the Drug Administration of the Ministry of Health, from the beginning of the year to 30th November , 2018: About imported drugs, there are 482 turns of prescription drugs declaring prices, 26 times of goods re-declared prices; About domestic drugs, there are 957 items of price declaration, 152 items of goods are re-declared. Thus, the total amount of drug re-declared accounted for less than 0.5% of the total drug circulation volume.
Pharmaceutical is an essential demand group, so economic growth has almost no effect on the growth rate of the industry. With WTO, Vietnam's pharmaceutical market has gradually opened its doors. After the CPTPP Agreement signed on March 8, 2018, domestic Pharmaceutical Companies will be put under greater competitive pressure from foreign companies.
M & A trends between domestic and foreign businesses took place strongly for drug production in franchise and distribution sectors. Vietnam's pharmaceutical industry is forecasted to continue double-digit growth compared to the current value growth but tend to decrease compared to the 2010-2015 period. Most businesses in the pharmaceutical industry still maintain a positive business situation with positive gross profit and net profit in the period of 2016 - 2017.
Table of Contents
AbbreviationsReport summary4. Appendix of financial statements
1. Business environment
2. Pharmaceutical Industry Overview
3. Enterprise analysis
List of figures
List of tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DHG Pharmaceutical Joint Stock Company
- TRAPHACO Joint Stock Company
- Domesco Medical Import Export JSC
- Imexpharm Pharmaceutical JSC
- OPC Pharmaceutical JSC
- S.P.M JSC
- Vimedimex Medi – Pharma JSC
- Ha Tay Pharmaceutical JSC
- Ben Tre Pharmaceutical JSC
- Lam Dong Pharmaceutical JSC
Methodology
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