Vietnam’s pharmaceutical production sector, including drugs, pharmaceutical chemicals, and materials, continues to show strong growth, according to the latest industrial production data. In September 2024, the sector recorded a modest 1.0 percent increase compared to the previous month, underscoring steady month-to-month expansion in production.
Compared to the same period last year, the pharmaceutical sector posted an impressive 15.4 percent increase, highlighting robust year-on-year growth driven by rising demand for medical products. For the first nine months of 2024, production in this category grew by 10.6 percent over the same period in 2023. This sustained growth reflects Vietnam’s efforts to expand its domestic pharmaceutical production capabilities.