Colorcon Opens New Technology Services Laboratory in Vietnam

Colorcon has opened a new Technical Service Laboratory at Ton Duc Thang University in Ho Chi Minh City, Vietnam. The new facility adds to Colorcon’s worldwide support network and is dedicated to supporting customers and market growth in Vietnam.

The pharmaceutical market in Vietnam is forecast to expand in value from $4.7 billion in 2016 to an estimated $6.6 billion by 2020. An increasing elderly population, rising government support for the healthcare sector and the impending gains from the Trans-Pacific Partnership (TPP) are predicted to be the main drivers of growth for the Vietnamese pharmaceutical market during this period.

“Opening this facility demonstrates Colorcon’s continued commitment to the expanding pharmaceutical market in Vietnam, reducing our customer’s time to market and making a positive contribution to their manufacturing quality and production efficiency,” said David Wei, general manager, Colorcon South East Asia. “The investment highlights Colorcon’s dedication to providing best-in-class products and services across the region.”

Tri Nha Huynh, business development manager for Colorcon in Vietnam, said, “The new laboratory is located at the Ton Duc Thang University, a leading university in Vietnam. This facility enables Colorcon to bring direct support to customers in the pharmaceutical and related industries, providing easy access to our specialist technical services and a quicker turnaround time for their projects, helping to bring local generic medicines faster to market.”
 
The facility also provides the opportunity to extend the educational events offered through the Colorcon Academy, with resources to conduct Colorcon Coating Schools and Formulation Training Programs, which will facilitate knowledge sharing and benefit individuals as well as their companies.
 
Colorcon’s investment brings the total number of Technical Service Laboratories around the world to twenty-one and the most recent is the sixth within Southeast Asia.