With a population of close to 90 million, Vietnam has one of the least-developed pharmaceutical markets in Asia, with relatively low per capita spending on drugs. However, there is significant growth potential in the country. While Vietnam's healthcare industry is still developing,... Read More
Asia is becoming a highly attractive market to Western medical device companies due to its strong economic growth, large population and aging populations. Western medical device companies are encouraged to take advantage of Asia's medical device market. Read More
On November 12, 2011, the United States and eight other countries jointly announced the outline for a new Trans-Pacific Partnership (TPP) on trade and investment. This landmark partnership aims to coordinate economic activity, regulatory standards, and tariffs in all trade areas. In... Read More
Although underdeveloped, the healthcare sector in Vietnam is rapidly expanding. The Vietnamese government has pledged about VND 46 trillion (US$2.2 billion) to improve and build more specialty hospitals and provincial-level general hospitals in less developed regions by 2013. In 2010, the Vietnamese... Read More
The Vietnam medical device market is growing very quickly. To succeed there, foreign medical device companies need to understand the Vietnamese regulatory system and how to get product approval. Read More
For some medical device companies, China’s position as a favorable site for low-tech medical device manufacturing has waned in recent years. These firms are instead starting to look at new hotspots such as Vietnam and India. Offshore production for US medical device... Read More
Introduction With the United States emerging very slowly from a huge recession, some of Europe unable to pay its bills, and more restrictions coming from the US Food and Drug Administration (FDA), an area where medical device companies may want to focus... Read More
Diabetes cases are dramatically on the rise in countries throughout Asia. The financially privileged city-dwellers tend to be the ones who have been identified as diabetics. Causes include insufficient exercise, high fat diets that have increasingly incorporated fast food items, genetics and... Read More
In April 2010, various officials of the Drug Administration Agency, Ministry of Health, and drug companies met in Hanoi to have a discussion on the rising cost of drugs in Vietnam. In recent years, there has been growing public outcry against the... Read More
In Vietnam, it was recently discovered that a major US drug company was involved with Ho Chi Minh City (HCMC) doctors promoting two types of drugs in exchange for commission. These doctors allegedly accepted kickbacks to prescribe drugs made by Schering-Plough, which... Read More