Import costs make drug prices soar

The prices of imported and domestic medicines have risen slightly this month, according to the Viet Nam Pharmaceutical Companies Association. Among the nearly 4,200 drugs surveyed in Ha Noi, 97 drugs saw price hikes of 6.2 per cent on average, and 19 saw a 4.4 per cent decrease, accounting for 2.3 per cent and 0.4 [...]

HCM City’s drug price stabilisation plan passed

HCM City’s People’s Committee has approved a plan to stabilise drugprices following recent rises. PhamKhanh Phong Lan, deputy director of the municipal health department, said theprice-stabilisation programme, which began on Friday, would run until March 31next year. Funds worth VND9 billion (US$429,000) have been set aside for theprogramme. Underthe scheme, the price of forty domestically [...]

State clamps down on pricing violations

“If we discover any violations, we will require these enterprises to reduce their declaration prices in line with the regulations” State agencies plan to call time on hikes in milk and drug prices by tightening controls on price declarations for these vital products. Nguyen Anh Tuan, vice head of the Ministry of Finance (MoF)’s Price [...]

3 city drug firms seek approval for price hikes

Three out of 22 drug producers based in Ho Chi Minh City have sought permission from the Department of Health to hike prices by up to 40 percent claiming increased manufacturing costs following last month’s devaluation of the dong. A decision has yet to be made but Pham Khanh Long An, the Department’s deputy director, [...]

Drug prices fluctuate again

While the Vietnamese government fights to curb inflation, stabilize the macro-economy and ensure social welfare, drug prices have risen despite all efforts. The continuous hike of medicine prices is causing anxiety to patients. A middle aged housewife was seen fretting when the pharmacist charged her VND400, 000 for her child’s prescription of some antibiotics and [...]

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