Czech pharmaceuticals firms target Vietnamese market

Pharmaceuticals distributors from the Republic of Czech are targeting the Vietnamese market, according to Prague radio on January 11. 

Lekarnici 95 pharmaceuticals company, which owns a network of pharmacies in Karlovy Vary and Plzen provinces, plans to expand operations to Southeast Asia, including Vietnam.

Director of Lekarnici 95’s regional pharmacy network Petr Koudelka said the firm began studying Vietnamese pharmacies and hospitals’ demand for pharmaceuticals. It plans to import products from other countries besides its existing stocks to sell in Vietnam. 

Last November, the Vietnamese embassy partnered with the Czech Management Association to hold a seminar on trade and investment in Vietnam. 

Two-way trade currently accounts for nearly US$1 billion but bilateral investment remains limited due to a lack of information about Vietnam’s business climate. 

Ivo Gajdos, Executive Director of the Czech Management Association hailed Vietnam as a promising market with a population of 90 million.

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