HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Ministry calls for more FDI in drug production
Date: 4/25/2009 11:40:00 AM
The Ministry of Health (MOH) is calling on foreign pharmaceutical firms to increase investments in drug manufacturing in Vietnam, especially for products made from local inputs.
By the end of last year, there were 37 foreign direct investment (FDI) projects given licences in the pharmaceutical sector with total registered capital of 282.6 million USD. However, only 25 projects worth 192.9 million USD were implemented, according to the ministry.
Last year, only one additional investment licence was granted for pharmaceutical production.
The pharmaceutical sector is, however, considered to have great potential as evidenced by the 1.4 billion USD worth of drug consumption last year, a 25 percent increase from 2007, said the director of drug administration for the MOH, Truong Quoc Cuong.
However, FDI the pharmaceutical sector currently accounts for a marginal part of the country’s total FDI; investment scale of these projects is small at about 2.4 million USD for each project.
Most foreign pharmaceutical producers want to seek local suppliers rather than build factories here themselves. This is even more so the case since Jan. 1, when foreign-invested businesses and foreign businesses started being allowed to import drugs into the country, said Cuong.
Deputy head of the Foreign Investment Agency under the Ministry of Planning and Investment Bui Quoc Trung said that the Government always gave preferential treatment to foreign-invested projects applying advanced technology to produce drugs which met international standards.
The MOH is working hard to realise guidelines of the Vietnamese Government to develop the pharmaceutical industry, especially in assisting and helping foreign businesses manufacture and sell pharmaceutical products in Vietnam, said deputy minister of MOH Cao Minh Quang.
The MOH and relevant ministries pledge to maintain an open and transparent regulatory environment, with equitable and competitive conditions for any businesses wanting to invest in Vietnam, he said.
(Source:VietNamNet/VNA)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
