Japan drugs firms eye opportunities in Vietnam

A pharmaceutical industry delegation from Toyama city in Japan has been touring Vietnam since Monday to explore opportunities for tie-ups with local firms.

Yasuhiko Shioi, the head of the delegation, said the visitors not only want to export to Vietnam but also import Vietnamese pharmaceutical products.

Domesco Medical Import-Export Joint-stock Cooperation, for instance, exports herbal-based drugs worth tens of thousands of dollars every year to Japan, Nguyen Thi Bich Thuy, Director of its foreign trade department, said.

According to the Vietnam Drugs Administration, this year imports are likely to be $1.49 billion and exports, $56 million, compared to $1 billion and $50 million last year.

tuoitrenews

>   Auto sales down 17 percent in January (17/02/2011)

>   Retail sales of goods, services rise 22% in January (17/02/2011)

>   Petrol dealers call for price adjustment (17/02/2011)

>   Feed prices continue to climb (17/02/2011)

>   Local telecoms hook into global market (17/02/2011)

>   18 percent increase of electricity price doesn’t satisfy EVN (17/02/2011)

>   Garment sector looks to button up hot trade (17/02/2011)

>   Wood sector to carve out growth (17/02/2011)

>   Fuel fund dries up, price may rise again (17/02/2011)

>   Vietnam to hire consulting firm for tourism marketing (17/02/2011)