The Asian Federation for Pharmaceutical Sciences (AFPS) Conference 2023 is being held in Vietnam this week, Vietnam Plus is reporting.
Why it matters: Vietnam’s pharmaceutical sector has historically been heavily regulated and has only given foreign firms limited access. But this is changing. Next generation free trade agreements are opening up the sector–the EVFTA for example, has allowed for 100 percent ownership of pharmaceutical factories in Vietnam. In this vain, hosting an event like the AFPS conference speaks to the attitude of key decision makers in the sector, specifically that they see greater international integration and collaboration as an important part of the sectors development, possibly leading to greater foreign investment opportunities.
