HANOI, Jun 8 (NNN-VNA) – Vietnam spent over 1.4 billion U.S. dollars, importing evidence-based medicines, in the first five months of this year, up 20.7 percent from the same period last year, according to the Vietnamese Ministry of Industry and Trade, yesterday.
Its main suppliers included the United States, Germany, France, South Korea and India, according to the ministry.
Vietnam’s medicine import turnovers were more than 3.9 billion U.S. dollars in 2021, up 18.9 percent year on year, according to the country’s General Statistics Office.
It is estimated that the Vietnamese pharmaceutical industry has a size of around 7.4 billion U.S. dollars, as its pharmaceutical spending has increased by 14 percent annually, over the past decade.
The annual spending on pharmaceutical products per capita in Vietnam would reach 163 U.S. dollars by 2025, local rating company, Vietnam Report, predicted.– NNN-VNA
