Stem cell banks face shortage as demand rises rapidlyVietNamNet Bridge - The clinical application of stem cell therapy in Vietnam remains modest because of a shortage of stem cell products and high costs for research and application. Prior to that, Vietnamese research on use of stem cells in treating osteoarthritis was made public in Stem Cells Translational Medicine journal in July 2016. The Hermatology and Blood Transfusion Hospital stores umbilical cord blood, while Mekostem accepts both umbilical cord blood and umbilical cord membranes. There are also private centers which store stem cells to provide to the healthcare and beauty care market, including GeneWorld Ltd, Tri PhuocBiotechnology, Van Hanh and Vinmec Stem Cell Centers. Dr Pham Van Phuc from the HCMC Stem Cell Institute said the demand for using stem cells in treatment and beauty care has increased rapidly.