Local drug firms captivate foreign clients with profits2016 was a profitable year for Vietnam’s biggest pharmaceutical firms, making the lucrative industry more appealing for international groups. Remarkably, TRA’s revenue from the over-the-counter (OTC) market ascended 18 per cent to nearly VND1.3 trillion ($59 million). The firm saw net profit and revenue rise 18.04 per cent and 4.5 per cent to VND168.5 billion ($7.66 million) and VND1.29 trillion ($58.6 million), respectively. Buoyed by their 2016 profits, these drug markers have higher business targets for 2017. “Lifting the foreign ownership cap in the pharmaceutical industry would send another positive signal to foreign investors.

Source: VietNamNet News February 20, 2017 02:03 UTC