Pharmaceutical import increased 3.4% in first 2 months
Saturday, April 4,2020AsemconnectVietnam - Vietnam imported US$460.46 million worth of parmaceuticals in the first two months of 2020, up slightly by 3.4% year-on-year, showed the statistics figures of the General Department of Customs.
Import of pharmaceuticals in February 2020 reached US$267.38 million, increased by 26.5% month-on–month and also increased by 49.2% year-on-year.
In the first two months of 2020, the France, Germany, the US and India are major markets supplying pharmaceutical products to Vietnam.
France was leading in the list of the country’s main pharmaceutical import markets with 59.74 million USD, accounting for 13% of the total pharmaceutical import turnover of the country, rose by 8.7% over the same period last year.
Germany was a big second market reached 55.93 million USD, accounting for 12.2% of the total turnover, increased by 25.5% over the same period last year.
Imports from the US market increased sharply by 39.8% to US$ 47.77 million, accounting for 10.4% of the total pharmaceutical import turnover of the country.
The imports of pharmaceuticals plummeted in the following markets: Switzerland – fell by 64.2% reaching 9.47 million USD; Hungary decreased by 61.5%, reaching 1 million USD; Netherlands decreased by 51.2% reaching 4.03 million USD.
In contrast, the import from Malaysia market was small, only 1.27 million USD, but it increased strongly by 676% compared to the same period in 2019; Imports from Italy also increased sharply by 72.6%, reaching 31.49 million USD; Belgium increased by 68.4%, reaching 23.75 million USD.
According to baodautu, this year, domestic pharmaceuticals production is estimated at 2.9 billion USD and import is estimated at 4.35 billion USD (of which, finished pharmaceuticals import reaching 3.5 billion USD, raw materials imported for pharmaceuticals production are at 850 million USD), export of medicine is estimated at 165 million USD.
In the first 2 months of 2020, despite the difficulties caused by the Covid-19 epidemic, pharmaceuticals imports still increased sharply over the same period last year due to the increasing demand for health care and medical treatment.
Market research organization Business Monitor International (BMI) forecasts that Vietnam's pharmaceutical market in the period of 2019-2022 will increase by 10.6% per year, and may reach USD16.1 billion by 2026. In 2019, the pharmaceuticals market is estimated at 6.5 billion USD.
Top 7 largest pharmaceutical companies in Vietnam
Currently, there are many pharmaceutical companies in Vietnam, meeting the need to research and produce high-quality pharmaceutical products, and helping to reduce the burden of importing foreign drugs. Following is the list of the largest and most famous pharmaceutical companies in Vietnam prepared by VietnamCredit.
1. Traphaco Joint Stock Company
Currently, Traphaco is the number one pharmaceutical company in Vietnam in terms of research capacity, using indigenous knowledge and raw materials to produce highly effective natural-origin pharmaceuticals.
With a system of 02 factories meeting GMP - WHO medicine standards, 01 modern extracting factory and herbal growing areas meeting GACP-WHO standards, Traphaco has pioneered the application of advanced management tools and modern quality management system.
The company has created high quality products with good therapeutic effect, contributing to the cause of caring and protecting the people's health.
Contact information:
• Website: www.traphaco.com.vn
• Address: Lane 15, Ngoc Hoi Street, Hoang Liet Ward, Hoang Mai District, Ha Noi City, Vietnam
• Phone number: 18006612
• Fax: (84-4) 37763135
Company report: Traphaco Joint Stock Company
2. DHG Pharmaceutical Joint Stock Company
Hau Giang Pharmaceutical Joint Stock Company is one of the leading companies in the field of pharmaceutical research and production in Vietnam. The company specializes in manufacturing and trading of high-quality pharmaceuticals. In addition, DHG Pharmaceutical Joint Stock Company is also known as a manufacturer of functional foods and cosmetics.
Contact information:
• Website: www.dhgpharma.com.vn
• Address: No. 288 Bis, Nguyen Van Cu Street, An Hoa Ward, Ninh Kieu District, Can Tho City
• Phone number: (0710). 3891433 – 3890802 – 3890074
• Fax: 0710.3895209
Company report: DHG Pharmaceutical Joint Stock Company
3. Nam Ha Pharmaceutical Joint Stock Company
Formerly known as Ich Hoa Sinh Partnership, Nam Ha Pharmaceutical was founded in 1960. The company was established with a major role: manufacturing, trading, directly importing and exporting medicines and cosmetics, functional foods, pharmaceuticals, essential oils, tools, medical equipment, etc. Currently, Nam Ha Pharmaceutical Joint Stock Company has become one of the leading pharmaceutical companies in Vietnam.
Products of Nam Ha Pharmaceutical Company are widely distributed throughout the country thanks to the company's 3 large distribution centers (Hanoi, Da Danang and Ho Chi Minh City). Moreover, the products are also exported to some foreign markets such as France, Papua newghine, Myanmar, Russia ....
Contact information:
• Website: http://namhapharma.com
• Address: No. 415, Han Thuyen Street, Nam Dinh City, Nam Dinh Province
• Phone number: (084) 0350 3649 408
• Fax: (084) 0350 3644 650
Company report: Nam Ha Pharmaceutical Joint Stock Company
4. Tay Pharmaceutical Joint Stock Company
Ha Tay Pharmaceutical Joint Stock Company, formerly known as Ha Tay Pharmaceutical Enterprise, was established in 1965. The main functions and duties of the company are: manufacturing, trading, importing and exporting medicines, pure chemicals materials, pharmaceutical materials and medical equipment and devices. With 50 years of experience, HATAPHAR is a company that always fulfills its production and business tasks.
Contact information:
• Website: hataphar.com.vn
• Address: No. 10A, Quang Trung Street, Ha Dong District, Hanoi
• Phone number: 04.22143368
• Email: duochatay@gmail.com
Company report: Ha Tay Pharmaceutical Joint Stock Company
5. DOMESCO Medical Import Export Joint Stock Corporation
Founded in 1989, DOMESCO Medical Import Export Joint Stock Corporation has been developing day by day, offering consumers valuable values. DOMESCO Medical Import Export Joint Stock Corporation is a company specialized in manufacturing, trading, importing and exporting medicines, raw materials, auxiliary materials for making medicines for human, biological products for humans, animals, plants, vaccines, chemical reagents, etc. DOMESCO Medical Import Export Joint Stock Corporation has distribution systems across the country and is almost affiliated with many domestic and foreign pharmaceutical companies.
The products are exported to many different countries in Asia, Africa and Latin America, etc. Owning a team of experienced professionals, modern machinery, DOMESCO Medical Import Export Joint Stock Corporation is highly appreciated with the quality of products and services.
Contact information:
• Website: www.domesco.com; www.domesco.vn
• Address: No. 66, Highway 30, My Phu Ward, Cao Lanh City, Dong Thap Province
• Phone number: 84.673852 278 – 3859370
• Fax: 84.67 3851 270
• Email: domesco@domesco.com; vpcty@domesco.com
Company report: DOMESCO Medical Import Export Joint Stock Corporation
6.Hai Duong Pharmaceutical & Medical Materials Joint Stock Company
Hai Duong Pharmaceutical & Medical Materials Joint Stock Company is a brand known to many people. Hai Duong Pharmaceutical & Medical Materials Joint Stock Company has always been exploring new knowledge and formulas, and constantly growing during its process of formation and development.
This is a reputable and reliable company trusted by domestic customers, and both domestic and foreign investors. Hai Duong Pharmaceutical & Medical Materials Joint Stock Company has won many different awards such as Gold Enterprise Cup, Strong Brand Cup, Competitive Brand Cup, etc. These great awards have partly affirmed the company's value in the field of pharmaceutical production and trading.
Contact information:
• Website: www.haiduongduoc.com
• Address: No. 102, Chi Lang Street, Nguyen Trai Ward, Hai Duong City, Hai Duong Province
• Phone number: 0320.3853.848
• Fax: 0320.3853.848
Company report: Hai Duong Pharmaceutical & Medical Materials Joint Stock Company
7.OPC Pharmaceutical Joint-Stock Company
OPC Pharmaceutical Joint-Stock Company was established in 1978 under the name Youth Union of Central Pharmaceutical factory No 26. This is one of the leading companies in Vietnam in the field of manufacturing pharmaceutical products derived from natural medicinal materials.
OPC Pharmaceutical Joint-Stock Company is the first natural medicine manufacturing unit to be certified by the Drug Administration of Vietnam’s Ministry of Health. OPC Pharmaceutical Joint Stock Company always brings consumers the best quality products, protecting and taking care of human health while simultaneously improving the position of traditional medicine and Vietnam's pharmaceutical industry in the world.
Contact information:
• Website: http://www.opcpharma.com
• Address: No. 1017, Hong Bang Street, Ward 12, District 6, Ho Chi Minh City
• Phone number: 08.37517111 – 08.38752048
• Email: info@opcpharma.com
Company report: OPC Pharmaceutical Joint-Stock Company
Vietnam’s pharmaceutical import markets in the first 2 months of 2020 - source: VITIC – according to the figures of the General Department of Customs
Market
|
February of 2020
|
Vs. January of 2020 (%)
|
First 2 months of 2020
|
Vs. first 2 months of 2019 (%)
|
Market share (%)
|
Total
|
267,377,070
|
26.49
|
460,455,874
|
3.42
|
100
|
France
|
38,466,407
|
80.83
|
59,738,594
|
8.71
|
12.97
|
Germany
|
35,389,453
|
67.53
|
55,926,856
|
25.53
|
12.15
|
The US
|
22,198,766
|
-48.33
|
47,768,503
|
39.78
|
10.37
|
India
|
24,762,083
|
63.08
|
39,945,657
|
7.9
|
8.68
|
Italy
|
14,124,656
|
-18.68
|
31,493,399
|
72.63
|
6.84
|
South Korea
|
14,314,763
|
32.62
|
25,108,871
|
10.35
|
5.45
|
Belgium
|
18,430,513
|
246.72
|
23,746,125
|
68.4
|
5.16
|
Southeast Asia
|
9,056,486
|
-10.26
|
19,148,356
|
-15.12
|
4.16
|
Spain
|
8,846,622
|
31.77
|
15,560,487
|
42.97
|
3.38
|
Ireland
|
12,466,753
|
461.68
|
14,686,284
|
-20.42
|
3.19
|
England
|
6,809,768
|
4.01
|
13,356,977
|
-27.77
|
2.9
|
Sweden
|
6,141,195
|
10.54
|
11,696,862
|
20.84
|
2.54
|
Thailand
|
5,692,613
|
47.3
|
9,557,149
|
-36.68
|
2.08
|
Switzerland
|
7,006,261
|
156.37
|
9,469,185
|
-64.18
|
2.06
|
Austria
|
5,914,469
|
74.89
|
9,296,327
|
-6.87
|
2.02
|
Poland
|
4,977,982
|
62.46
|
8,042,133
|
3.61
|
1.75
|
Japan
|
3,980,891
|
43.04
|
6,764,070
|
-21.09
|
1.47
|
Indonesia
|
1,611,018
|
-59.28
|
5,567,580
|
11.1
|
1.21
|
Bangladesh
|
2,725,588
|
9.77
|
5,208,614
|
|
1.13
|
Australia
|
2,052,645
|
-7.95
|
4,282,545
|
-36.68
|
0.93
|
Netherlands
|
2,206,571
|
21.21
|
4,026,978
|
-51.24
|
0.87
|
China
|
1.053.151
|
-59.49
|
3,653,962
|
-32.64
|
0.79
|
Denmark
|
2,568,662
|
154.7
|
3,577,175
|
-24.75
|
0.78
|
Singapore
|
1,601,969
|
81.05
|
2,486,769
|
22.4
|
0.54
|
Argentina
|
968,374
|
-36.03
|
2,432,189
|
-23.23
|
0.53
|
Taiwan
|
801,557
|
-48.88
|
2,369,641
|
-41.03
|
0.51
|
Turkey
|
691,905
|
-44.25
|
1,933,065
|
-27.29
|
0.42
|
Pakistan
|
608,300
|
-37.95
|
1,588,575
|
-43.04
|
0.35
|
Malaysia
|
85,689
|
-92.77
|
1,270,965
|
676.01
|
0.28
|
Russia
|
969,689
|
230.31
|
1,263,254
|
-26.09
|
0.27
|
Hungary
|
382,578
|
-37.62
|
995,833
|
-61.47
|
0.22
|
Canada
|
805,062
|
1,420.36
|
858,014
|
-46.51
|
0.19
|
Philippines
|
65,197
|
-67.51
|
265,893
|
1.86
|
0.06
|
T.Huong
Source: Vitic/Vinanet.vn
Source: Vitic/Vinanet.vn
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