Vietnam Deputy PM Adopts Pharmaceutical Development Strategy by 2030

Vietnamese Deputy Prime Minister Tran Hong Ha has passed the national pharmaceutical industry development strategy by 2030, vision to 2045, with an overall goal of ensuring people’s access to medicines with reasonable prices, local media reported.

The country aims to absolutely meet the demand of people for medicines in every condition by 2030.

By 2030, home-grown drugs are aimed to satisfy some 80% of demand and 70% of the market value, and locally developed vaccines could totally meet the expanded vaccination program and 30% of the need for serviced vaccinations. Besides, the country targets to manufacture materials catering to 20% of domestic drug production demand by 2030.

Vietnam strives to become a high-quality pharmaceutical production hub in the region and receive technology transfer for at least 100 brand-name drugs, vaccines, and biological products.

It sets a goal of developing eight areas for sustainable exploitation of natural medicinal herbs, building between two and five large-scale medicinal herb plantation areas, and achieving the WHO certification of level 3 and higher for the state management of pharmaceutical chemicals.

The pharmaceutical industry aims to put all medicines under the supervision and management of the Ministry of Health, complete digital transformation, and reach a ratio of pharmacists to population at four per 10,000.

By 2045, Vietnam aims to have its pharmaceutical sector contribute $20 billion to the gross domestic product.

(Bao Chinh Phu, Vietnam Plus, Bao Dau Thau, VietnamNet, Health Ministry, Cong Thuong)