India seeks to pour 500 million USD into Vietnam pharmaceutical hub
(VOVWORLD) -A major Indian pharmaceutical company has expressed hope of establishing a pharmaceutical industrial park in Vietnam with an initial investment of approximately 500 million USD.
 Vietnamese Ambassador to India Pham Sanh Chau (2nd from left) and Indian businesses at a promotion session for the pharmaceutical industry in Vietnam, July 26-28, 2021. (Photo: Vietnam Trade Office in India) |
According to the Vietnam Trade Office in India, the idea was initiated during a recent promotion session for the pharmaceutical industry held in Hyderabad city, hosted by the Vietnamese Embassy in India.
Vietnamese Ambassador Pham Sang Chau said the construction of a pharmaceutical industrial park would open an opportunity for Vietnam to welcome major pharmaceutical giants for long-term investment, reducing reliance on traditional drug supplies and diversifying production chains.