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Update news pharmaceutical market
Despite the government’s strong request for facilitation of marketing authorisation renewal, foreign drugmakers are still waiting for the renewal of expired authorisations, triggering concerns over a possible future shortfall of drugs.
As Vietnam is striving to attract more private and foreign investment in the healthcare sector, US pharma giants are continuing to reinforce moves to expand in Vietnam to tap into the growing healthcare demand in the country.
Dealmaking and investment in pharmaceutical and healthcare businesses are increasing in scope as investors are vying for the controlling stake of key players.
Amid a lacklustre picture in the market, domestic pharma giants are attempting to cut costs to weather the storm of COVID-19, while multinational corporations are making new preparations.
Although having import licenses in hands, the road for multi-national corporations to trade drugs in Vietnam remains tough because of legal limitations.