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Vietnam Pharmaceutical Industry Report 2020

Monday 20, 07 2020
Price
$240
Total pages
52
File
PDF
Category
Manufacturing
Published year
2020
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Tab 5
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
In July 2020, Pharmaceutical Industry Report is published by VietnamCredit, providing the general information about Vietnam's economic situation, an overview of the pharmaceutical industry and key ratios in 2019. Especially, the 10 outstanding enterprises in the pharmaceutical sector based on a company scale, business performance and credit rating in three consecutive years 2019, 2018 and 2017, were selected by VietnamCredit and presented in the report.
Over the last 10 year, Vietnam has maintained its position as one of the fastest-growing pharmaceutical markets in the world, creating beneficial opportunities for numerous foreign investors. The value of Vietnam’s pharmaceutical market is expected to grow steadily due to the country's large populations, the high rate of population ageing, the raising concern from consumers and the government on this sector. Since the new revision of Pharmaceutical Law came into effect, the volume and value of domestic and cross-border M&A transactions in the pharmaceutical industry have increased significantly, showing a rising interest from both foreign and local investors. M&A is considered as an effective way to lower the costs and time of entering the market for foreign players as well as facilitate domestic enterprises with capital and technology to increase competitive advantages.
Vietnam's pharmaceutical value chain has been heavily import-reliant for manufacturing while lacking adequate management in trading activities. Due to the limitation in technology standards, a large volume of high-quality products is purchased from France, Germany and India. The number of firms that producing chemical ingredients for drugs remains relatively low, thus 80-90 per cent of active pharmaceutical ingredients for drug production are imported, mainly from China and India. Therefore, the industry is vulnerable to changes in the market.
Besides, there are only a small number of pharmacies in the retailing sector complying with the regulation of providing their selling activities through the information system, putting more pressure on the government in managing pharmaceutical trading activities. Most products manufactured domestically are generic drugs due to high requirements of capital and technology to produce patented drugs. Prescription drugs are predicted to continue dominating the retailing sector in the next ten years while over-the-counter sector remains a small portion in total medicine expenditure as the government are putting more effort to increase the access to healthcare infrastructure with lower costs.
Due to the negative impacts of Covid-19, import turnover of pharmaceuticals and active pharmaceutical ingredients in the first half of 2020 witnessed a slowdown. China - the main ingredient provider of Vietnam, had closed their borders since Q1/2020 and limited the export activities, leading to a shortage of materials for a lot of manufactures. Hence, the pharmaceutical companies should plan to develop their medicinal herb regions for ingredient resource or investigate other suppliers with a higher price to ensure the manufacturing activities until the end of this year. With the favourable conditions for potential growth, the pharmaceutical industry in Vietnam will continue to offer long-term opportunities for various investors. After the implementation of the EU-Vietnam Free Trade Agreement, M&A transactions in Vietnam’s pharmaceutical are expected to surge in both value and quantity.
Table of Contents 
1. Vietnam’s Economic Situation
 1.1. Economic growth
 1.2. Trade and prices
 1.3. Realized capital, State budget revenue and expenditure
 1.4. Import-export activities
 1.5. Establishment and dissolution of enterprises
 2. Vietnamese Pharmaceutical Industry’s Development
 2.1. Vietnamese pharmaceutical industry overview
 2.2. Enterprises and labour in Vietnam’s pharmaceutical industry
 2.3. Key ratios of Vietnam’s pharmaceutical industry
 2.4. Pharmaceutical industry average financial ratios 2019
 2.5. Opportunities, challenges and industry forecasts
 3. 10 outstanding companies in Vietnam’s pharmaceutical industry in 2019

List of figures
Figure 1.1.1: Vietnam GDP Growth Rate 2011-2020
Figure 1.2.2: GDP Growth, CPI and Inflation (Last year = 100) 
Figure 1.2.1: Total retail sales of consumer goods and services at current prices 2015-2019
Figure 1.2.3: Producer price index by sector compared to the previous quarter
Figure 1.2.4: Commodity terms of trade growth rate 2015-2019 (%)
Figure 1.3.1: Growth rate and structure of social investment capital in the first half of the 2016-2020 period at current prices
Figure 1.4.1: Import-export turnover and trade balance of goods 2011-2019 (US $ billion)
Figure 1.5.1: Enterprise Establishment in H1/2020 (compared to H1/2019) 
Figure 2.1.1: GDP per capita in Vietnam (USD)
Figure 2.2.2: Vietnam total population forecast 2015-2050 (million pers.)
Figure 2.1.3: Heath expenditure, pharmaceutical sales and share of pharmaceutical sales in GDP and health expenditure forecast 2017-2023
Figure 2.1.4: Vietnam’s Pharmaceutical Value-Chain by Industry Classification
Figure 2.2.1: Number of enterprises and labours of main sectors in Vietnam’s pharmaceutical industry
Figure 2.2.2. The density of pharmacists (per 10,000 population) by countries in Southeast Asia in descending order
Figure 2.2.3: Pharmacists in Vietnam's pharmaceutical industry by education level (in thousands)
Figure 2.3.1: Growth of industrial production, consumption and inventory indexes of pharmaceuticals, medicinal chemical and botanical products manufacturing Q1/2015-Q1/2019 (same period last year = 100%)
Figure 2.3.2: Pharmaceutical import turnover in the first 5 months of 2020
Figure 2.3.3: Proportion of pharmaceutical imports by countries in 2019
Figure 2.3.4: Pharmaceutical ingredients import turnover in the first 5 months of 2020
Figure 2.3.5: Proportion of pharmaceutical ingredients imports by countries in 2019
Figure 2.3.6: Number of stores of main pharmacy chains in Vietnam
Figure 2.3.7: Growth of OTC and ETC channels in Vietnam’s pharmaceutical industry forecast 2015-2023

List of tables
Table 1.1.1: GDP growth by sector Q1/2020 at current prices
Table 2.1.1: Noticeable cross-border M&A in Vietnam’s pharmaceutical market
Table 2.1.2: Noticeable domestic M&A in Vietnam’s pharmaceutical market



 

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