According to the ministry’s Drug Administration of Việt Nam (DAV), innovative drugs in Việt Nam account for only about 3 per cent of the total but represent up to 22 per cent of the value and are primarily imported. Only a few medicines have been researched and produced domestically, or have had initial technology transfer for production.
Vietnam has recorded an estimated agro-forestry-fishery trade surplus of US$12.4 billion as of mid-September, reported the Ministry of Agriculture and Rural Development (MARD).
Market access for agricultural products is a top priority for Vietnam and the US with significant progress made, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told visiting the US Department of Agriculture (USDA)'s Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor at their meeting in Hanoi on September 12.
Vietnam earned US$29.2 billion from agro-forestry-fishery exports in the first half of this year, marking a rise of 19% year on year, and it is now on course to meet the export target set for 2024.
The inaugural Bonjour Vietnam Festival took place in Paris on June 25-26, aiming to showcase the Vietnamese culture, people and agricultural products to French consumers.
Ten firms from Hanoi will introduce a range of agricultural products at Foodservice Australia 2024 slated for May 19 to May 21, with the function being the leading foodservice, hospitality, and food retail trade event in Australia.
Vietnamese agricultural products were on display at the 41st edition of Macfrut, an international trade fair for the fruit and vegetable sector, in Rimini city of Italy's Emilia-Romagna region from May 8 to 10.
