Britain and Vietnam have agreed to a new deal that will ease barriers for UK-made medicines entering Vietnam, aiming to boost British pharmaceutical exports under a faster, more targeted post-Brexit trade strategy, Tuoi Tre has reported→view source.
Key details:
- Vietnam will speed up registration for UK medicines and vaccines and recognise British regulatory approvals.
- The deal could add £250 million (US$337 million) to the UK pharmaceutical sector over five years.
- The UK-Vietnam Joint Economic and Trade Committee will also discuss financial services and renewable energy.
For Vietnam, the agreement offers better access to advanced medicines but also poses challenges, including ensuring effective regulatory oversight, managing pricing pressures, and balancing foreign access with the development of its local pharmaceutical industry.
See also: Vietnam Pharmaceuticals Industry 2025: Growth, Imports & Key Players