Medicinal drug imports on the rise

VOV.VN - Vietnam imported US$207.4 million worth of pharmaceuticals in October, up 3.7% compared to September, according to preliminary statistics from the General Department of Vietnam Customs.

This is the first month seeing a growth after three-month decline. Accordingly, pharmaceutical imports jumped by 14.38% to US$2.1 billion in the first 10 months of this year.

The imported drug come from 28 countries, of which France ranked first with US$270.7 million (up 16.54% and accounting for 14% of total import value), trailed by India (up 11.7% to US$230.1 million) and Germany (up 19.15% to US$198.5 million).

In the reviewed period, imports from the UK suffered the deepest decrease of 48.01% while Argentina enjoyed the strongest growth of 687.75%.

With an average growth of two-digits, the domestic drug market is an attractive destination for foreign investors. They have cooperated with domestic partners to expand market shares since early this year.
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