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Vietnam Orders Drug Price Controls As Lunar New Year Nears

This article was originally published in PharmAsia News

Executive Summary

Vietnam's Drug Administration has ordered a virtual freeze on drug prices as the Tet lunar new year, which lasts from the last 10 days of January through mid-February, approaches in Vietnam. The agency noted that the prices of all products often rise dramatically during Tet, and ordered relevant authorities to take steps to be sure drug prices do not rise during the period. The administration dismissed proposals by 10 drug makers that had requested permission to increase drug prices because of increased costs they face for fuel and raw materials. The Drug Administration estimates drug prices increased by 6.5 percent last year. (Click here for more

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