Indian pharma businesses hope to improve Vietnam market standing

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Indian pharmaceutical companies are striving to further improve their position in Vietnam based on good quality products at comeptitive prices, representatives said at a meeting in Ho Chi Minh City on Saturday.

Madhusudan of Sun Pharma said, "It is still very hard for Indian medicines to enter Vietnamese hospitals because they are ranked fourth in the list of priority although our products have been proven to be as good as products from the USA or Europe."

Representatives from several Indian pharmaceutical companies at the meeting organized by the Indian Business Chamber in Vietnam (Incham) said that there might be some (irrational) psychological factors that decide the rankings.

However, they all said that their business has been growing quite well Vietnam and that they hope their contributions will be better recognized in the future.

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