Vietnam’s pharmacy industry sees rapid growthVietNamNet Bridge - Vietnam is now an attractive drug market with new policies designed to create a healthy, competitive market for manufacturers. The figure is lower than the average growth rate of 15.6 percent in 2012-2016, but still higher than the 6-9 percent growth rates seen in pharma-emerging countries, and the 4-7 percent average growth rate in the world, according to IMS Market Prognosis. Prescribed drugs now account for 74 percent of total spending on drugs, according to BMI with the growth rate of 15.9 percent in 2012-2016, and the expected growth rate of 11.9 percent per annum. A report found that health insurance coverage has increased from 65 percent in 2012 to 85.3 percent by the end of October 2017. It is expected that 90 percent of people will take health insurance policies by 2020.