The Hanoitimes - According to Vietnam National Trade Fair & Advertising Company (Vinexad), Vietnam Pharmaceutical Companies Association (VNPCA), the exhibition is a platform for the world advanced medical technologies and equipment companies to access local private and pubic hospitals and local pharmacy companies which Vietnam has advantages to exchange.
Under the permissions of Vietnam Ministry of Health, VIETNAM MEDI PHARM EXPO will take place on December 7 – 9 in Hanoi International Center for Exhibition (ICE). The annual and well-known event is taken place twice a year in HoChiMinh City in August and Hanoi City in December, respectively. Vietnam Medi Pharm Expo has been organized for fifteen years in promoting trade activities of the pharmacy and medical equipment, strengthening local and foreign business to business operations.
This year, 280 businesses with 350 displays participate in Vietnam Medi Pharm Expo, including giant corporations, world leading companies from countries and territories such as America, France, Germany, Italy, Japan, Pakistan, Ukraine, Belarus, Egypt, India, Hungary, Kazakhstan, Iran, Singapore, Korea, Taiwan, Thailand, China. The highlight of the exhibition will be the display areas of Kazakhstan, Japan, Korea, Malaysia, Iran, China, Taiwan, India, Pakistan and Vietnam.
Statistics numbers showed that Vietnam has been an emerging attractive destination for foreign investors, particularly the pharmacy and medical equipment companies. Estimates tell about 800 million USD revenues of the sector in Vietnam every year, are expected to reach 1.2 billion USD in 2016 and 1.8 billion USD in 2018. The average growth would be 18-20% in the 2016-2020 period. Meanwhile, 90% medical equipment available in local hospitals came from foreign countries such as Japan, Germany, America, China and Singapore, accounting for more than 50% of total import values.
Huge demands of medical equipment are on the rise, particularly the picture screening, operations, emergency, testing, especially hi-tech equipment for hospitals in big cities including Ho Chi Minh, Hue, Da Nang, Can Tho. Ho Chi Minh City expects to spend 900 million USD for upgrading its hospitals, alone.
Kazakhstan – the first time experience to Vietnam Medipharm Expo, strongly supported by Kazakhstan Ministry of Investment and Development – introduces pharmaceutical products, blood vacuum tubes, and disposable products with aim to get into Vietnamese market and learn experiences in the fertility treatment in collaborations with Cho Ray Hospital in HoChiMinh city.
Also, Iran will be the first comer with pharmaceutical products. Since the state visit paid by former Vietnamese President Truong Tan Sang to Iran in March, 2017 the two countries agreed to promote bilateral trade turnover to USD2 billion in five years to come. Iran is stepping into local market of Vietnam.
Korea has been a trusted partner in technological transfer and provision of biological products, dentist, beauty and rehabilitations to local hospitals and trading partners. Korea will bring more than thirty companies among which many of them have been regular participants in our exhibitions such as Skysoftgel, SG Healthcare, InBody, Dmetec, Personal Medical, Hwail, Bc World who are currently having partnerships with local agencies with aims to access to companies, hospitals, medical clinics and beauty saloons located in Ho Chi Minh City and neighboring provinces. Local corporations, manufacturers, trading companies, importers are long-time indispensable participants at Vietnam Medi Pharm Expo, up 300 ones compared to those in the last year.
Conferences on “Local Medical Pharmacy Market and Polices” at the exhibition, organized by Ho Chi Minh City Medical Equipment Association under permission of the Pharmacy Department (Ministry of Health) and the fact-finding tour to Cho Ray Hospital will be an important part to provide foreign businesses with a realistic look at local medical treatments.