Czech pharma firms target VN market
Czech pharma firms target VN market
Pharmaceutical distributors from the Czech Republic are targeting the Vietnamese market, according to a report by Prague radio on Wednesday.
Lekarnici 95 pharmaceuticals company, which owns a network of pharmacies in Karlovy Vary and Plzen provinces, plans to expand operations to Southeast Asia, including Viet Nam.
Director of Lekarnici 95’s regional pharmacy network Petr Koudelka said the firm has begun to study Vietnamese pharmacies and hospitals’ demand for pharmaceuticals. It plans to import products from other countries, as well as its existing stock, to sell in Viet Nam.
Last November, the Vietnamese embassy partnered with the Czech Management Association to hold a seminar on trade and investment in Viet Nam.
Two-way trade currently accounts for nearly US$1 billion, but bilateral investment remains limited due to a lack of information about Viet Nam’s business climate. Ivo Gajdos, Executive Director of the Czech Management Association hailed Viet Nam as a promising market with its population of 90 million.
