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    DRASTIC CHANGES OF THE PHAMACY AND MEDICAL EQUIPMENT Vietnam Medi Pharm Expo 2017



    Mr. Hứa Phú Doãn – Vice President cum General Secretary of HoChiMinh City Medical Equipment Association says:“Vietnam has been an emerging attractive destination for foreign investors, particularly the pharmacy and medical equipment companies. Estimates tell about USD800 million revenues of the sector in Vietnam every year, are expected to reach USD1.2 billion in 2016 and USD1.8 billion in 2018. The average growth would be 18-20% in the 2016-2020 period”.

    Professor, Ph.D. Phạm Lê Tuấn – Head of Finance Department of Vietnam Ministry of Health said about 90% medical equipment available in local hospitals came from foreign countries such as Japan, Germany, America, China and Singapore, accounting for more than 50% of total import values.

    Huge demands of medical equipment are on the rise, particularly the picture screening, operations, emergency, testing, especially hi-tech equipment for hospitals in big cities including HoChiMinh, Hue, Da Nang, Can Tho. HoChiMinh City expects to spend USD900 million for upgrading its hospitals, alone.

    This year, 280 businesses with 350 displays participate in Vietnam Medi Pharm Expo, including giant corporations, world leading companies from countries and territories such as America, France, Germany, Italy, Japan, Pakistan, Ukraine, Belarus, Egypt, India, Hungary, Kazakhstan, Iran, Singapore, Korea, Taiwan, Thailand, China. The highlight of the exhibition will be the display areas of Kazakhstan, Japan, Korea, Malaysia, Iran, China, Taiwan, India, Pakistan and Vietnam.

    Kazakhstan – the first time experience to Vietnam Medipharm Expo, strongly supported by Kazakhstan Ministry of Investment and Development – introduces pharmaceutical products, blood vacuum tubes, and disposable products with aim to get into Vietnamese market and learn experiences in the fertility treatment in collaborations with Cho Ray Hospital in HoChiMinh city.

    Also, Iran will be the first comer with pharmaceutical products. Since the state visit paid by former Vietnamese President Truong Tan Sang to Iran in March, 2017 the two countries agreed to promote bilateral trade turnover to USD2 billion in five years to come. Iran is stepping into local market of Vietnam.



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