Having overcome the Covid-19 crisis, pharmacy firms are expected to have greater opportunities to thrive.

The hot development of modern retail channels are threatening variety stores and traditional markets.

VietNamNet Bridge - Following the path of Pham Nhat Vuong and Nguyen Duc Tai, Truong Gia Binh, the owner of the Vietnamese largest IT corporation, has jumped into the drug distribution market.

VietNamNet Bridge - Following Domesco, Hau Giang Pharmacy has become the next destination for foreign investors.

IMS Health has placed Vietnam into the group of 17 most pharmerging markets which are expected to consume one-third of total global consumption in the future instead of one-fourth as currently seen.

VietNamNet Bridge - More and more investments have been seen in the pharmaceutical industry, from production to distribution.

VietNamNet Bridge - Pharmaceutical companies are hiring retail chains to distribute their products, rather than develop distribution networks of their own.

VietNamNet Bridge - Drug distributors have been expanding their networks by opening new drugstores and taking over other chains. 

VietNamNet Bridge - The Vietnamese drug and medical instrument market is expected to have value estimated to exceed $10 billion per annum by 2020.

VietNamNet Bridge - Analysts believe that modern drug retail chains will replace traditional drugstores in the near future, following the trend of modern supermarkets. 

 VietNamNet Bridge – The growing abuse of antibiotics is causing a resistance to the drug, the Ministry of Health has warned.