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Vietnam Accused Of Failing To Follow Law On Drug Import Pricing

This article was originally published in PharmAsia News

Executive Summary

Vietnam's regulation of imported drugs is suffering from lax management by the agencies responsible, leading to recent increases in the price of medicine. One of the core problems, according to the Ho Chi Minh City Health Department's deputy director, lies in the Drug Administration of Vietnam's failure to put wholesale and retail prices on its public list. The law requires drug importers to consider the cost, insurance and freight in determining the two types of prices submitted to the DAV. Deputy Director Pham Khanh Phong Lan said the agency lists only the overall CIF prices and does not break out the wholesale and retail prices as required. (Click here for more

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