Pecigen's business focus on Vietnam market
Vietnam is home of over 90 millions of people. Vietnam pharma market is one of the fastest growing market in ASIA with market size around 4 billion USD (IMS data, 2017), which figure out by around 90% API (active pharmaceutical ingredients) and 50% FDF (finished dosage form) are imported from outside the country. Vietnam pharmaceutical is also highly fragmented which coined with no wholesalers hold even 1% market share, over 40 thousand individual retail pharmacies, and only 4 manufacturers had been endorsed for EU-GMP standards on over all 300 manufacturers in the countries (2018).