Leading Vietnamese companies specialising in respiratory and dermatological treatments, traditional medicine, immune support supplements, and functional foods will have an opportunity to connect with international distributors and secure export deals.
The Vietnamese medical devices market, which is growing annually at more than 18%, relies heavily on imports, representing significant opportunities for foreign businesses, according to the Ho Chi Minh City Medical Equipment Association.
Vietnam could become a major export market for Indian medical device makers and also act as a springboard to other ASEAN countries, according to the Engineering Export Promotion Council of India.
Many foreign investors are looking to move their production base to Thailand, according to Kriangkrai Thianukul, vice president of the Federation of Thai Industries (FTI).
As many as 250 enterprises operating in the pharmaceutical and medical sectors from 22 countries and territories are expected to display their products at the upcoming medical and pharmaceutical exhibition in Ho Chi Minh City.
The National Assembly’s Standing Committee on September 17 agreed with the Government about the need to pass a decree to better supervise and manage medical devices.
