Vietnam spends billions of USD on pharmaceutical products import

Vietnam has spent billions of US dollars on the import of pharmaceutical products every year, according to the statistics from the General Department of Vietnam Customs.

By August 15, imports of pharmaceutical products have hit US$1.712 billion, up 5.8% against the same period last year. Most of the products were imported from France, India, the Republic of Korea, Italy, the UK, Belgium, Germany and the US.

By the end of July, the import value from five markets reached US$100 million and more. Germany came first with US$187.7 million, trailed by France with US$180 million, India with US$164.4 million, the ROK with US$111 million and Italy with US$102.5 million. The import value from these markets made up 46.6% of the country’s total import value.

Imports of pharmaceutical products increased from US$2.035 million in 2014 to US$2.32 billion in 2015 and US$2.563 billion in 2016.

France was the biggest supplier last year with US$321.7 million, followed by India with US$276 million and Germany with US$225.5 million.

Vietnam also imported pharmaceutical products from the ROK, Germany, UK, US and Switzerland.

Tagged as: , ,