Is the pharmaceutical industry a hot industry? – Forecast until 2020

As society develops, the demand for healthcare increases. Currently, in Vietnam, the need for pharmacists, nurses, technicians, etc., is very high. Therefore, the pharmaceutical industry is considered an attractive field offering many job opportunities.

According to statistics from the Drug Administration, the ratio of pharmacists to the population in Vietnam in 2017 was only 2.2 per 10,000 people. The majority of these pharmacists are working in state management agencies, hospitals, and pharmaceutical businesses. There is still a significant shortage of human resources in the pharmaceutical industry.

At the same time, according to expert forecasts, the demand for human resources in the fields of Pharmacy and Nursing will increase in the coming years due to the growing need for healthcare. These two fields also hold extremely important positions in the healthcare industry and have the highest employment rate for graduates immediately after graduation. Therefore, many young people, right after graduating from high school, choose these fields as their career path for the future.

Is studying Pharmacy difficult?

Studying Pharmacy isn't difficult, but it requires perseverance and patience because it's a profession that demands high accuracy to minimize errors. Mistakes are unacceptable in the pharmaceutical profession, as they not only affect the pharmacist themselves but also endanger patients, leading to unpredictable consequences when medications are sold to consumers.

What kind of jobs can you get after graduating with a degree in Pharmacy?

Many people mistakenly believe that studying Pharmacy only leads to working in private pharmacies – advising the community on medication use and health. In reality, after graduating as a pharmacist, you have many career options:

You can work as a pharmaceutical sales representative at healthcare facilities such as hospitals and medical centers, or for pharmaceutical manufacturing or importing companies. Additionally, you can work as a marketing representative introducing new drugs, or in pharmaceutical management, quality control (drug testing), or research on new drugs…

Pharmacists are not only experts in medications, but also specialists in clinical biochemical testing, also known as clinical pharmacists, participating in medication decisions in special cases when invited to participate in drug and treatment advisory boards. Therefore, pharmacist training must be linked to the hospital system to standardize the output of pharmacists.

Is the pharmaceutical industry a hot field?

It can be said that the pharmaceutical industry is both challenging and promising. APC would like to quote some insightful figures from the Australian government regarding the healthcare industry in general and the pharmaceutical industry in particular in Vietnam, assessing the investment potential in Vietnam, to give you a multifaceted perspective as follows:

– The projected healthcare spending in Vietnam is expected to increase from US$13 billion to US$24 billion by 2020, or 13.4%:

– The projected revenue growth rate for the Vietnamese pharmaceutical market by 2019 is from US$3.8 billion to US$7.3 billion, or 14.1%:

– Forecast of medical equipment imports into Vietnam to increase by 90% by 2020:

– Projected number of hospitals in Vietnam by 2020: public hospitals in Vietnam will increase from 1090 to 1204, and private hospitals will increase from 175 to 200.

– The projected population growth rate in Vietnam by 2020 is 1.05%, from 91 million to 97 million people. In 2015, Vietnam's population ranked 4th in ASEAN and 14th in the world.

Why should you study Pharmacy at Viet My College?

Viet My College has announced that, starting from the 2018-2019 academic year, it will officially enroll students in two new majors in the healthcare field: Pharmacy and Nursing.

For the Pharmacy major, the training program will include three levels of knowledge: general knowledge, foundational knowledge, and specialized knowledge, arranged to be taught throughout seven semesters.

In terms of specialization, students will study pharmaceutical chemistry, medicinal plants, pharmacology, clinical pharmacy, pharmaceutical formulation and technology, quality control and assurance, and pharmaceutical distribution (pharmaceutical legislation, pharmaceutical economics, marketing, inventory management, pharmacy, hospital pharmacy, etc.).

In the Nursing major, over 7 semesters, students will be equipped with knowledge ranging from general to fundamental and specialized levels.

In terms of specialization, students will be trained in knowledge areas such as: Nursing Pharmacology, Basic Nursing, Health - Environment and Hygiene, Nursing Ethics, Health Law and Organization, Health Education and Nursing Practice, Nursing and Infection Control, Adult Healthcare, Internal Medicine, Emergency and Intensive Care, Nursing Management, etc.

Upon graduation, students will become pharmacists and nurses with college-level qualifications and confidently work in various environments such as hospitals, polyclinics, medical facilities, elderly care facilities, and pharmaceutical manufacturing companies both domestically and internationally.

In addition, students can expand their career opportunities in developed countries that are experiencing shortages of healthcare professionals, such as Germany, Japan, South Korea, and Taiwan.

The school began accepting applications for these two majors in March 2019. The school is offering scholarships to students totaling up to 2 billion VND.

Source: AUM Vietnam – Internet.