Pfizer, Sanofi, and GlaxoSmithKline are reported to plan increasing drug prices in the US in 2020, triggering public concerns over a similar hike in Vietnam.

With the average pharmaceutical import turnover of $245 million per month, the figure of the whole year of 2019 may reach $3 billion, equaling 50 per cent of the whole scale of the market.  

JW Pharmaceutical Corporation acquired Euvipharm, becoming the first Korean company to take over a Vietnamese pharmaceutical company and operate it directly.

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