VOVNews reports before 2015 $100m (€71.7m) will be invested in the chemical plants and $13m in the laboratories. This is expected to meet 20 per cent of domestic demand for raw materials by 2015, with this figure rising to 70 per cent by 2025.
The investment is intended to reduce Vietnam’s reliance on imports of intermediates involved in the production of treatments for cancer, HIV and drug addiction.
Furthermore, Vietnam hopes that the investment will encourage use of high technology to produce excipients, adjuvants, vaccines, and antibiotics and boost foreign investment.
