Vietnam's pharmaceutical market predicted to reach $20B by 2045, with 80% domestic demand met by 2030.

Vietnam's pharmaceutical market is expected to grow to $20 billion by 2045, aiming to become one of the fastest-growing markets globally, as reported by the Drug Administration of Vietnam. By 2030, the industry plans to meet 80% of domestic drug demand and capture 70% of market value, while also positioning itself as a high-value production center with a projected $1 billion in exports. The current market value is estimated at $8 billion in 2023.

October 28, 2024
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