Optimism for pharma sector
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, as well as its potential in 2016-17. This information was released in a survey alongside the top 10 most prestigious pharmaceutical companies in the country by the Ministry of Information and Communications and Việt Nam Report Company on October 25 in Hà Nội. Accordingly, more than 70 per cent of businesses expect that the sector’s growth rate would be over 10 per cent, the remaining participants expected that growth would be lower. There was no firm believing that growth would be worse than that of last year. According to estimates from Business Monitor International, value of pharmaceutical consumption in Việt Nam this year could maintain its high growth rate of 10.2 per cent due to a young population and increasing incomes, together with rising attention to healthcare.
