Vietnamese Pharmaceutical Industry: Government to Invest $1.5 Billion

The Vietnamese government has announced it will invest up to $1.5 billion in the pharmaceutical manufacturing sector over the next 10 years. The money will be used for a variety of programs, including upgrading technology to meet Good Manufacturing Practice standards, developing and expanding the pharmaceutical supply network to poor and remote areas, and meeting a greater percentage of domestic pharmaceutical demand. By 2005, Vietnam would like to see domestic manufacturers producing 50 percent of domestically consumed pharmaceuticals.