Drug Administration Tries Controlling Imported Medicine Prices

To keep prices of medicines under control, Vietnam’s Drug Administration is to announce prices of imported medicines set via tenders in hospitals throughout the country in 2007 and pharmaceutical companies are to declare the prices of medicines they imported during the year.

Pharmaceutical companies are directed to finish list their prices of their imported medicines prices by year’s end

The DA wants to compare prices tendered in 2007 to offered prices for 2008, as one more means of trying to control inflation.

Pharmaceutical companies are directed to finish list their prices of their imported medicines prices by year’s end.

The DA and Customs now reportedly have complete lists of prices of all imported medicines.

Medical Price Assessment Teams have been set up in each province and city nationwide.

The Ministry of Health stressed any pharmaceutical companies deliberately listing prices higher than actual will be subject to penalties including withdrawal of their business licenses. 


By Quoc Khanh – Translated by Phuong Lan

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