Vietnam: Export value of domestically produced drugs to achieve approximately USD 1 billion in 2030
Below is the remarkable content specified in Decision 376/QD-TTg approving development program for pharmaceuticals industry in Vietnam and domestically produced herbal ingredient until 2030 and vision to 2045.
Article table of contents
The program sets out a number of specific objectives in Vietnam as follows:
- Until 2030
+ Export value of domestically produced drugs achieves approximately USD 1 billion.
+ Become a high quality pharmaceutical production center in the region
+ Domestically produced drugs account for 80% of used drugs and 70% of market value, percentage of domestic herbal ingredients and herbal drugs increases by at least 30% compared to 2020.
+ At least 10 – 15 transplanted herbal drugs are developed to meet domestic demand.
+ Reinvigorate, import, transplant and develop 10 – 15 foreign herbal ingredients in large quantity.
+ Transfer production technology of at least 100 innovator drugs with valid trademark, vaccines, medical biological and medicine which Vietnam has not been able to produce.
- Until 2045:
+ Vietnam has innovator drugs originating from unique herbal ingredients which are researched, produced and registered for trademark.
+ Total pharmaceuticals industry value contributes more than USD 20 billion to GDP.
More details can be found in Vietnam's Decision 376/QD-TTg which takes effect from March 17, 2021.
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On February 23, 2023, the Prime Minister of Vietnam promulgated
On February 15, 2023, the Government of Vietnam promulgated Decree No.
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